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.