Africa Connected

Why SA should invest in Ghana (a country aiming to be developed by 2020 to 2029)

(Also read "Why safe and exotic Ghana is great for first-time visitors to the rest of Africa".)

Manufacturing in Ghana – which is doing well - has a great potential for growth. Also food processing, the service sector, the building industry and infrastructure development.

Michael Adubofour (MD and founder of Mike Adu Company Limited)

The discovery of oil has not translated into the needed infrastructure, because the price of oil has dipped over the years.

Michael Adubofour (MD and founder of Mike Adu Company Limited)

The Ghanaian economy is one of Africa’s strongest and most diversified.

This follows a quarter of a century of relative stability and good governance.

The country’s growing prosperity as well as stable and maturing democratic political system has transformed it into a West African regional power.

Ghana has an economic plan entitled "Ghana Vision 2020".

The plan aims to turn Ghana into a developed country some-time between 2020 and 2029.

702’s Nikiwe Bikitsha interviewed Michael Adubofour, MD and founder of Mike Adu Company Limited, while on a fact-finding mission in Ghana.

Adubofour’s company – which he founded with a mere $2000 – is a major player in the manufacturing of roofing sheets and nails, and a key importer of other building materials.

Watch the video below for the interview.

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