Ghana’s economy is undergoing a significant transformation, with real GDP growth recorded at 5.7% in 2024. The industrial sector continues to expand — for example, industrial production grew by about 7.6% in Q3 2024.
Opportunities are especially attractive in renewable energy (solar, wind and biogas), digital services such as IT and AI, and in advanced processing technologies driven by Ghana’s emphasis on import substitution and value-added production. Swiss companies offering precision technology, sustainability solutions and high-quality inputs are well positioned to tap into these trends. However, the business environment remains complex: non-performing loans are at roughly 22.6%, currency fluctuations persist and structural reforms are ongoing, so thorough market preparation and local partnerships are essential for success.
No
Free Trade Agreement
There is a free trade agreement between Switzerland and this country. Source: State Secretariat for Economic Affairs SECO
5.31 5.31 billion
Total trade flows
Total goods traded with Switzerland (imports + exports). Source: UN Comtrade. Data as of 2023.
10.76 10.76 %
3-year GDP growth
Total real GDP growth over the last three years. Source: World Bank. Data as of 2023.
I always tell Swiss exporters: with Ghana’s economy evolving rapidly, timing entry into renewable energy or digital services is key — the upsides are real, but you need to move with clarity and precision.
Mehmet Yildirimli
Senior Consultant Africa, Türkiye + IsraelLatest insights
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Event calendar
Stay connected with the latest developments in the industry by participating in our upcoming events. From conferences and workshops to webinars and fact-finding missions.
09-10
Nov
WACEE 2027
The West African Clean Energy & Environment Trade Fair & Conference (WACEE) takes place every two years in Accra.
Accra, Ghana
FAQs
What is the current economic situation?
Ghana’s growth outlook shows mixed signals: real GDP rose 5.7% in 2024, though projections suggest a slowdown toward 4.0% or so in 2025 amidst fiscal consolidation and external headwinds. Inflation remains elevated, and the Ghanaian cedi has recently appreciated, potentially impacting export competitiveness. Swiss exporters should therefore consider hedging currency risk and structuring market entry strategies accordingly.
What are the main export and import trends?
Trade between Switzerland and Ghana is increasing. Ghana exported significant volumes of gold to Switzerland - Swiss imports from Ghana reached about CHF 3.67 billion in 2024, representing roughly 97% of Swiss imports from Ghana. Swiss exports to Ghana also rose sharply, up by over 100% to around CHF 64 million. This trade structure indicates strong Swiss-Ghana connections in precious commodities, and potential for Swiss firms to broaden into other sectors beyond gold.
What opportunities exist for Swiss companies?
Swiss companies can leverage opportunities in Ghana’s renewable energy market - especially in solar power and battery storage - and in IT and AI services, which are gaining traction locally. The government’s focus on processing agricultural products and diversification means Swiss firms can also benefit from supplying advanced processing technologies and expertise.
Which sectors are most promising?
The most promising sectors for Swiss exporters in Ghana are renewable energy, IT and AI services, and agricultural value-chain technologies. The renewable energy sector, including solar and battery storage, is expanding, and the digital services sector is growing quickly. Additionally, Ghana’s agriculture and tree-crop sectors offer opportunities for Swiss exporters who can bring processing equipment, sustainability credentials and high-quality inputs.
What are the main challenges and risks?
Swiss exporters in Ghana face challenges including unreliable energy supply, high interest rates on commercial credit, currency and exchange-rate volatility, and enforcement risks in the regulatory system. Further, parts of the cocoa and agricultural sectors remain inefficient and exposed to global shocks. Exporters should conduct detailed due diligence, plan for financing risk and build strong local networks to mitigate these risks.
