Ghana’s construction sector is set for renewed momentum next year, with a new market report projecting growth of about 4 percent in real terms for 2025. The report, published on September 16, 2025, identifies government-led infrastructure programs, increased private investment, and inflows of foreign capital as the major forces expected to drive this rebound.
According to the report, the sector will see heightened activity in housing developments, road construction, and commercial real estate projects, particularly in Accra, Kumasi, Takoradi, and other urban centers. Ghana’s growing urban population and rising demand for affordable housing are seen as critical factors fueling residential construction, while road expansion and upgrading projects remain central to government’s agenda of improving connectivity and boosting trade.
Commercial developments such as office spaces, retail centers, and hospitality facilities are also expected to attract both local and international investors, further diversifying the sector’s portfolio. These projects are anticipated to enhance Ghana’s business environment and strengthen the country’s position as a preferred destination for investment in West Africa.
Despite the positive outlook, the report underscores several challenges that could moderate growth. Rising costs of building materials, much of which are imported, continue to squeeze developers’ margins, while persistent fluctuations in the Ghanaian cedi present additional risks. Industry players are also concerned about the shortage of skilled labor, particularly in specialized areas of construction, which could delay project timelines and increase costs.
Nevertheless, analysts argue that the expected growth will have far-reaching benefits for Ghana’s economy. The construction sector is one of the largest employers in the country, and expansion in the industry is likely to create new jobs, stimulate demand for locally produced materials such as cement, tiles, and steel products, and strengthen linkages with other sectors including manufacturing, banking, and transportation.
Experts further note that if managed well, this growth phase could also accelerate Ghana’s broader development agenda by improving infrastructure, increasing access to housing, and providing modern facilities to support commerce and industry.
The projected growth adds to cautious optimism among stakeholders, who see the construction industry as a vital engine for Ghana’s economic recovery and long-term stability.
Source: GhanaWeb / Yahoo Finance – Ghana Construction Industry Report 2025
