Ghana’s economy is all about precious metals and minerals, specifically gold, accounting for 50% of exports, and creating extensive mining, manufacturing, and international expediting industries. However, Ghana’s ‘Vision 24’ is about turning the country into Africa’s first ‘developed’ nation, a vision which isn’t unrealistic thanks to Ghana’s existing place within the G24. Add in that almost everyone in Ghana speaks English and the investment opportunity seems even more attractive.
Employment practices in Ghana have traditionally been piecemeal, but with the introduction of foreign investment and corporations, employment contracts and worker’s rights have become much more prevalent in the last couple of decades. Ghanaian workers still face poor wages and limited regulated support, but steps are being taken to reduce corruption and improve conditions, with investment in education seen as the solution.