Ghana leads business boom

Written by Ciaran Ryan. Posted in Journalism

Accra, Ghana by littledutchboy

Photo: Creative Commons

South Africans are pouring into Ghana, the world’s fastest-growing economy, with a growth rate of 14.4% last year.

Stroll through any town in Ghana and it is impossible to miss the South African presence. There are Engen garages, Stanbic branches and ATMs in all the major towns and MTN signs are as ubiquitous as Coca-Cola. The 21,000m2 Accra Mall, recently sold by private equity group Actis to the Pretoria-based Atterbury Property Group for $65-million (for an 85% share), would not look out of place in Centurion or Sandton. Three of the biggest tenants in the mall are Game, Mr Price and a Shoprite that stocks a range of South African products at prices that would not seem out of place in some of the more expensive European capitals.

For South African expats, Shoprite is the go-to store for Five Roses, boerewors and Cape wines, not to mention the latest issue of Huisgenoot and other South African magazines. Nearby is a Woolworths and the head offices for Gold Fields and AngloGold Ashanti.

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http://mg.co.za/article/2012-11-30-ghana-leads-business-boom

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Ciaran Ryan

The Writer's Room is a curated by Ciaran Ryan, who has written on South African affairs for Sunday Times, Mail & Guardian, Financial Mail, Finweek, Noseweek, The Daily Telegraph, Forbes, USA Today, Acts Online and Lewrockwell.com, among others. In between he manages a gold mining operation in Ghana, and previously worked in Congo. Most of his time is spent in the lovely city of Joburg.

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