Why Invest in PHDC

  Ghana has achieved a stable  democracy and adherence to the rule of law since 1992, which has resulted in over 31 years of interrupted democratic leadership. We have run peaceful democratic elections since 1992.

Ghana is ranked as the 4^th Most Peaceful Country in Sub Saharan Africa according to  the Global Peace Index 2023 Report.

• The Project area is strategically located along vibrant international shipping routes (USA, Africa to Asia).
• The depth of the sea provides the capacity to accommodate Very Large Crude Carriers (VLCCs) and Ultra Large Crude Carriers (ULCCs). Per the Navigational Chart from the Ghana Maritime Authority the sea water depth along the corridor of the proposed port area is as follows:
• Inshore: ranges from 5m to 7m (along the shoreline)
• Seaward: 2 – 3km : 16m to 18m, 5km : 22m to 27m
• The Economic Spatial Development Initiative (SDI) Study of the Abidjan-Lagos Corridor Highway Development Project identified the Petroleum Hub as an Economic Anchor Project within the Takoradi Oil and Gas Cluster.
• Proximity to Ghana’s second largest harbour
• Proximity to Oil & Gas Upstream Operators and other Services Companies.

• Availability of 20,000-acre land

• Ghana’s retail market is expected to grow to a value of US$ 35 billion.
• Ghana is a member of ECOWAS, one of the most important economic blocs in Africa, with a population of about 370 million and an estimated GDP of US$ 615 billion.

Ghana hosts the Secretariat of the AfCFTA, which is the largest trade bloc in the world in terms of participating countries, encompassing 55 countries and 1.3 billion people with a combined GDP of US$ 3.4 trillion.

• Ghana offers tax exemptions on the importation of machinery and equipment for manufacturing.
• The country has established seven special economic zones, providing investors with various attractive incentives and benefits.

• Ghana is the leading producer of gold in Africa
• The country is the second-largest producer of cocoa in the world with an average production of 900,000 MT per annum
• Ghana is endowed with large commercial deposits of bauxite, iron ore, manganese, lithium, diamonds, and timber, among others.
• The country’s oil and gas reserves are also significant, with a daily oil production of over 189,000 barrels and 0.8 trillion cubic feet of natural gas.

• Ghana has one of the highest literacy rates in West Africa, standing at 79% (WBG), which translates into the availability of a skilled and trainable workforce.

• Ghana offers a range of investment opportunities across different segments of the transport sector, including airport infrastructure, construction and upgrading of major highways and railways, and jetty construction for LPG and crude oil vessels.
• The country has a comprehensive agricultural investment program across different sub-sectors, including cocoa processing and value-addition for export, investment in the e-Agriculture Extension program, and aquaculture.
• There are also opportunities for investment in housing and construction, manufacturing, and trade finance services.
• Ghana is also expanding its oil and gas exploration, processing, and marketing sectors, providing lucrative investment opportunities.

• Ghana has simplified the business registration process, making it easier for entrepreneurs & companies to start and operate a business.
• The country is the second-highest recipient of foreign direct investment (FDI) in West Africa, according to the World Investment Report 2022.

• The tax environment in Ghana has improved, making it more attractive for businesses and investors.
• The country is undergoing significant reforms to digitalize its economy, which is expected to boost efficiency and productivity

• Ghana is the second largest economy in West Africa, with a GDP of US$ 73.77 billion, with an economic growth rate of 3.1% in 2022. (according to WBG).