Accra, the capital city and business hub of Ghana, has in recent years succeeded in attracting significant investments from foreign entrepreneurs. This premier city has in fact emerged as one of the top business destinations in Africa and has been identified as among the top African cities for economic growth.
A recent study has indicated that Accra has the highest potential for economic growth in Africa between 2012 and 2017. Accra was ranked along with other African cities based on a number of criteria. These included business travel, air connectivity, urbanization, development, governance, infrastructure and economic performance.
Accra’s high ranking is because of several factors. The study, which was released in 2013, based the ranking on the city’s GDP per capita growth over past 3 years, ease of doing business as compared to other cities in Africa, strong regulatory environment and projected consumption growth.
Being an emerging business destination, Accra has also been identified among top 28 African cities where potential for hotel expansion is quite strong. Major chains like Carlson Rezidor Hotel Group, which owns brands like Park Inn and Radisson Blu, have shown considerable interest in the city.
Accra has been welcoming business travelers for past several years. With its beautiful beaches, Accra has become popular business-cum-leisure destination where visitors not only come for business but also enjoy some time in leisure activities. Apart from a fastest-growing economy in Africa, the city is also considered to be one of the safest destinations.
Accra has even left the prominent Nigerian city Lagos behind in the race as key aviation hub in West Africa. Major airlines like Air France, Air Canada, British Airways, Emirates Airline and Lufthansa have opted out of Lagos and increasingly prefer to offer business class flights to Accra from Ghana’s Kotoka International Airport. These airlines efficiently connect Accra from different parts of the world.