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The Expanding Middle Class of Ghana


Oxford Business Group

An overview on how the finding of domestic oil in Ghana increased consumer spending


Consumer behaviour

An Expanding Middle Class Reshapes Ghana's Long-term Prospects

Ghana's expanding middle class is reshaping the nation's long-term economic prospects. Factors like education, economic growth, and urbanization drive this expansion, which supports economic diversification and non-traditional industries, such as retail and hospitality. The growing middle class also fuels demand for housing, boosting real estate development. However, challenges like high unemployment, income inequality, and inadequate credit access must be addressed to maximize Ghana's middle class potential and ensure sustainable growth across various sectors.

Key Takeaways