Tag Archives | Accra
While African cities do bring with them great economic growth prospects and coordinated development, and urbanisation is often associated with rising incomes and better living standards, lack of resources, inadequate infrastructure and poor planning or management pose enormous challenges …
Accra, Lusaka and Luanda have been identified as the African cities with the highest potential for growth over the next 5 years. The growth rates were developed taking into account historical and projected future data.
These factors include economic data, governance levels, infrastructure and ease of doing business. Accra’s high growth rate is a result of its growth in gross domestic product per capita and growth in household consumption, ease of doing business and strong regulatory environment.
Accra, Ghana’s booming capital, was identified as having the highest growth potential of any city on the continent, according to the MasterCard African cities growth index, launched in Johannesburg on January 29th. The index was produced by Prof George Angelopulo of the University of SA and Prof George Roger of the University of Cape Town on behalf of MasterCard.