A report prepared by A.T Kearney, a US-Based global business strategy and consulting firm, has ranked Ghana as the fourth country in its debut among a list of 30 developing countries on the potential for strength and investment in their domestic retail markets.
The A.T. Kearney 2019 Global Retail Development Index (GRDI) judged the country’s retail size to be about US$24.4 billion with more international retailers viewing Ghana as the next go-to-market in the sub-region.
Although the report stated that the country’s economy is dominated by the informal retail, it predicts the urbanization will be a major driver for modern retailing, which is expected to reach US$33.16 billion by 2024.

“As one of the most stable nations in sub-Saharan Africa, Ghana presents both retail opportunities and cautionary flags. The Ghana economy is expected to grow by nearly 8.8 percent in 2019, backed by a thriving oil and gas sector…Urbanization will be a major driver for modern retailing, which is expected to reach US$33.16 billion by 2024,” the report added.
According to the report, although Ghana’s internet access is a little below 40 percent of the population, most internet users are middle-class consumers who are interested in modern retail.
Other West African countries that made the list were Senegal, ranked 6th and Nigeria which was ranked 30th.
The GRDI rankings are based on several criteria including population size, per capita GDP, and other factors.
International retailers
In April 2019, DHL, launched DHL Africa eShop, an e-commerce app that brings more than 200 U.S. and U.K. retailers online to 11 African counties, including Ghana.
Decathlon opened a store in Ghana in 2017—its largest in West Africa—and hopes to expand with 50 more
stores across the country. International supermarket chain Pick & Pay is also set to open a store this year while Massmart has opened three outlets since 2017.
https://citibusinessnews.com/ghana-places-fourth-in-new-ranking-of-developing-countries-retail-markets/?fbclid=IwAR2RuxWtIJ94pp_VRR9yulMSMIHiqsgzcaKX6GhKqKPu8aoLvUSWglxIcdo

The last part of this post is exactly why I love the border closure so much but our govt should also put its house in order. All these companies keep running to neighbouring countries, produce goods there, employ their citizens and then export these goods to Nigeria. Why not force the citizens of the countries you produced your goods to consume your product? I know we have power, security and other challenges but some of these countries also have some of these challenges. We have seen Ghanaians protesting power outages although not as acute as our own. If Dangote can survive Nigerian business environment, then these companies can.

Inspite of all the infighting between Africans these days, Ghana remains our traditional brothers in most areas.

But when it comes to market, Ghana cannot even compete with Lagos.

Stop believing all the future sugar high they put on developing countries looking for places to exploit on short-term basis. Focus on your market right now, realities and how to wean ourselves off foreign products most of which are made up of discarded junk in exchange for our forex.

I admire your leaders but they never had the market of Nigeria to manage. Not even South Africa.

googi:
Inspite of all the infighting between Africans these days, Ghana remains our traditional brothers in most areas.

But when it comes to market, Ghana cannot even compete with Lagos.

Stop believing all the future sugar high they put on developing countries looking for places to exploit on short-term basis. Focus on your market right now, realities and how to wean ourselves off foreign products most of which are made up of discarded junk in exchange for our forex.

I admire your leaders but they never had the market of Nigeria to manage. Not even South Africa.

I don't know if you realise the purchasing power of Ghana is more than 200 billion dollars. Am not sure your Lagos State which is the most biggest financial heart and population wise in your entire country and account for more than 1/5 th of revenue generated in the entire Nigeria.

Our economy is growing massively at 8.8%,our GDP has risen to 65 billion dollars with the highest per capita income in West Africa. We need all West African markets especially Nigeria to develop more and we rather prefer West Africans to tap into our development and economic growth and trade more than Western nations. That's why we were awarded the sole right to host the African Free Trade Agreement Headquarters in Accra,Ghana. That's why our ministers are going to Nigeria to diplomatically resolve any border issues.I hate it when some of your brothers say we're begging you guys because in terms of trade,both sides benefits.We don't smuggle anything out of our country from anywhere cos our port duties alone is taxed and more expensive than any port in West Africa do it will be foolish to import something into Ghana to smuggle to outside Ghana.

We're currently building a factory each in over 200 districts in our country and currently, factories and industries makes up 25% of our GDP. No country is an island.

Yhen Yhen Yhen

Ordinary your moniker sells you out.

Charlie, why not advise your government to also close their borders...

All this epistles are unnecessary cos combination of Lagos and Kano populations alone is over Ghana populations

googi:
Inspite of all the infighting between Africans these days, Ghana remains our traditional brothers in most areas.

But when it comes to market, Ghana cannot even compete with Lagos.

Stop believing all the future sugar high they put on developing countries looking for places to exploit on short-term basis. Focus on your market right now, realities and how to wean ourselves off foreign products most of which are made up of discarded junk in exchange for our forex.

I admire your leaders but they never had the market of Nigeria to manage. Not even South Africa.

In Ghana, we currently produce more power than we can consume which is over 4,000 megawatts of electricity and we currently export and sell power to Togo,Burkina Faso, Benin and Cote D'Ivoire and we're currently preparing to sell more electricity to Mali and Niger.I can give you the source of this information. Our power load shedding crises was solved in late 2015 and even after that,we still voted out the government in office who brought that load shedding. Let your government be accountable for the masses,increase the price of electricity to make it competitive so that you will always enjoy uninterrupted power supply due to more private investment into power production and distribution. About security, I don't know how we did it in Ghana buh naturally,Ghanaians are very cool and peace loving people. About the border closure, it's not the best decision. You rather police your borders and monitor and electronize your borders to make your custom officers more accountable. And yes,Nigeria is not the only country with the market. We trade among our neighbors more than Nigeria.

we don't Care,d border remain closed

[s]

helinues:
Yhen Yhen Yhen

Ordinary your moniker sells you out.

Charlie, why not advise your government to also close their borders...

All this epistles are unnecessary cos combination of Lagos and Kano populations alone is over Ghana populations

[/s]
trash

helinues:
Yhen Yhen Yhen

Ordinary your moniker sells you out.

Charlie, why not advise your government to also close their borders...

All this epistles are unnecessary cos combination of Lagos and Kano populations alone is over Ghana populations

you don't need to combine cos the population of Netherlands alone is a little over 10 million people buh have a GDP Purchasing power far more than that of Nigeria of 200 million people. Currently we have a purchasing power of over 200 billion dollars for a country of 30 million people which is more than the purchasing power of Kenya who have a population of about 50 million people,more than Ethiopia of more than 100 million population and more than Tanzania who have a population of more than 60 million people. Our economy is growing massively at 8% and we're hosting the African Free Trade Agreement Headquarters. So be there and day dreaming about your huge 200 million people whom you can't even feed.My friend,better respect yourself.

In fact Egypt has a population of about the 96 million people buh a purchasing power of more than 1.3 trillion dollars which is more than Nigeria with a population of more than 200 million people .

chrisagyei:
I don't know if you realise the purchasing power of Ghana is more than 200 billion dollars. Am not sure your Lagos State which is the most biggest financial heart and population wise in your entire country and account for more than 1/5 th of revenue generated in the entire Nigeria.

Our economy is growing massively at 8.8%,our GDP has risen to 65 billion dollars with the highest per capita income in West Africa. We need all West African markets especially Nigeria to develop more and we rather prefer West Africans to tap into our development and economic growth and trade more than Western nations. That's why we were awarded the sole right to host the African Free Trade Agreement Headquarters in Accra,Ghana. That's why our ministers are going to Nigeria to diplomatically resolve any border issues.I hate it when some of your brothers say we're begging you guys because in terms of trade,both sides benefits.We don't smuggle anything out of our country from anywhere cos our port duties alone is taxed and more expensive than any port in West Africa do it will be foolish to import something into Ghana to smuggle to outside Ghana.

We're currently building a factory each in over 200 districts in our country and currently, factories and industries makes up 25% of our GDP. No country is an island.

I don't think the Nigerian government banned any of your products from Ghana.....only what they said was that let this products pass through appropriate ports (seaport, airport), so the government can account for what comes into the country and the appropriate duties are paid for it. most of what comes in through the land boarders are smuggled, contraband and without import taxes paid....so no one is saying that no west African country should not trade with Nigeria, but necessary due process has to be followed.

chrisagyei:
you don't need to combine cos the population of Netherlands alone is a little over 10 million people buh have a GDP Purchasing power far more than that of Nigeria of 200 million people. Currently we have a purchasing power of over 200 billion dollars for a country of 30 million people which is more than Kenya who have a population of about 50 million people and more than Tanzania who have a population of more than 60 million people. Our economy is growing massively at 8% and we're hosting the African Free Trade Agreement Headquarters. So be there and day dreaming about your huge 200 million people whom you can't even feed.My friend,better respect yourself.

Advise your government to also close your borders . Is that too much to ask instead of all this unnecessary enmity

chrisagyei:
A report prepared by A.T Kearney, a US-Based global business strategy and consulting firm, has ranked Ghana as the fourth country in its debut among a list of 30 developing countries on the potential for strength and investment in their domestic retail markets.
Tfbclid=IwAR2RuxWtIJ94pp_VRR9yulMSMIHiqsgzcaKX6GhKqKPu8aoLvUSWglxIcdo

I don’t understand. Why all this unnecessary comparisons with Nigeria? We don’t care. Take the topic to Cediland so that your country men can celebrate it there.

We are striving to achieve China levels, not Ghana. Ghana levels is like moving 1million steps backwards.

gidson12:



I don't think the Nigerian government banned any of your products from Ghana.....only what they said was that let this products pass through appropriate ports (seaport, airport), so the government can account for what comes into the country and the appropriate duties are paid for it. most of what comes in through the land boarders are smuggled, contraband and without import taxes paid....so no one is saying that no west African country should not trade with Nigeria, but necessary due process has to be followed.

what you guys don't know is since both countries don't own any national carrier,there's no cargo plane and ship that flies or dock direct to each other's port thus the planes and ships have to first go to Europe,Asia or America before it redirects back to Lagos or Tema and Takoradi ports in Ghana. That's not good for trade much more not affordable for mainly small cargo goods waiting to be transported which are perishable or from small and middle scale enterprises. That's why our ministers have currently secured a temporary passage for only Ghanaian trucks to enter and exist Nigeria. They're now sending all the informations to the Nigerian customs for easy identification besides,Nigerian trucks keep assessing Ghanaian land borders as we're typing now.We only transport what we produce here to West African markets.

Ghanaians will type long epistle just to beautify their country with words
..
..
Nairaland need to close border too
This ghanaians just open unnecessary thread

Helinues,

I will not dispute any of your claims. Indeed Nigeria's market suddenly surpassed South Africa as the biggest in Africa by revised bookkeeping. So please realize that stats can be used anyway you want.

Nigeria has a Population of 200 million, even if half of them are poor and half "educated" consumers, you cannot compare their purchasing power to developed countries in Europe not to mention any African country.

European and Asian countries realize this. They do not impose their products on Africans out of ignorance or pity but because they know Africans in general and Nigeria in particular are suckers for foreign products and services.

Our leaders today want to be Billionaires in foreign currencies not in naira or cedes.

It will be suicidal for any African country to shun Nigerian market, the biggest in Africa when foreigners are using any mean to dump their products there. Including using neighboring countries ports.

Ghanaians have been able to produce inspiring leaders but not the market Nigeria has.

Imagine if Nkrumah had succeeded with the first Cocoa cartel well before Arab oil cartel.

Lol..today you didn't come with your normal rants and insults.. glory to God

But brother, honestly and from the depth of my heart, I want to ask you one thing..insults and brawls apart.

Why do you carry this border closure thing to heart?
Why do you take it more personal than even your ministers and nigeria themselves?

I know it's okay to be patriotic and defend your own, but you carry it way more than even Benin and Niger who are greatly affected by the impacts?

You keep telling us how your country accounts for billions of GDP, and other ludicrous figures you keep quoting each an every thread, those ones no do u, u now create a thread for it..

All those self consolations haven't been enough from you?
You enjoy steady power supply, 100% electricity, and good health care..you grow at 8% every week, you are the giant of Africa.. we agree you are all these..

Can you please let's close our border in peace?if it comes out bad for us, let's suffer it..if it comes out good..so be it.

Is that hard to ask?
Why you carry this matter for head like this?

The way am seeing this,this border closure is giving you sleepless nights and hypertension..

I will advise you as I will advise my blood..even us in Nigeria no dey carry naija Mata for head.. you in Ghana carrying naija matter for head..brother you are on a long thing....

Na u go tire

Zooposki:


I don’t understand. Why all this unnecessary comparisons with Nigeria? We don’t care. Take the topic to Cediland so that your country men can celebrate it there.

We are striving to achieve China levels, not Ghana. Ghana levels is like moving 1million steps backwards.

don't let me call you foolish.There are currently millions of Nigerian retail traders in Ghana and thousands have been stranded throughout this week in Kumasi alone because GUTA has locked their shops and businesses. You can move along if you're not interested and stop hating on a country which is not suppressing your already miserable life.

[s]

helinues:


Advise your government to also close your borders . Is that too much to ask instead of all this unnecessary enmity

[/s]
trash

chrisagyei:
don't let me call you foolish.There are currently millions of Nigerian retail traders in Ghana and thousands have been stranded throughout this week in Kumasi alone because GUTA has locked their shops and businesses. You can move along if you're not interested and stop hating on a country which is not suppressing your already miserable life.

It is your country. Do whatever you want to do, but please take your topic to cediland. We don’t care if you guys are retrogressing or moving forwards. Your country men has always had a perpetual hatred for Nigerians, so really we no longer care what you guys do or think.

Zooposki:


It is your country. Do whatever you want to do, but please take your topic to cediland. We don’t care if you guys are retrogressing or moving forwards. Your country men has always had a perpetual hatred for Nigerians, so really we no longer care what you guys do or think.

very funny chap.Go to your FrontPage right now and see two Ghanaian news over there just this morning about someone smoking in a Church in Ghana and a Ghanaian lady getting married at 35 years.Ain't they Ghanaian news.What are they doing there and how does it relate to Nigerians buh it's there and you people are there insulting the nation and its people unprovoked. When a Ghanaian talks back, you start screaming that "they hate Nigerians, they don't respect Nigerians ".Do you respect yourself?Or when a Nigerian post a Ghanaian stuff to disgrace and insult us on your forum then that's ok.You hypocrites. I believe you don't post on Facebook which is an American owned website.Listen,don't let me charge at you.

chrisagyei:
I don't know if you realise the purchasing power of Ghana is more than 200 billion dollars. Am not sure your Lagos State which is the most biggest financial heart and population wise in your entire country and account for more than 1/5 th of revenue generated in the entire Nigeria.

Our economy is growing massively at 8.8%,our GDP has risen to 65 billion dollars with the highest per capita income in West Africa. We need all West African markets especially Nigeria to develop more and we rather prefer West Africans to tap into our development and economic growth and trade more than Western nations. That's why we were awarded the sole right to host the African Free Trade Agreement Headquarters in Accra,Ghana. That's why our ministers are going to Nigeria to diplomatically resolve any border issues.I hate it when some of your brothers say we're begging you guys because in terms of trade,both sides benefits.We don't smuggle anything out of our country from anywhere cos our port duties alone is taxed and more expensive than any port in West Africa do it will be foolish to import something into Ghana to smuggle to outside Ghana.

We're currently building a factory each in over 200 districts in our country and currently, factories and industries makes up 25% of our GDP. No country is an island.

Congrats on the $200bn purchasing power
Nigeria has $1.2trn so GTFO

seankafor:
Lol..today you didn't come with your normal rants and insults.. glory to God

But brother, honestly and from the depth of my heart, I want to ask you one thing..insults and brawls apart.

Why do you carry this border closure thing to heart?
Why do you take it more personal than even your ministers and nigeria themselves?

I know it's okay to be patriotic and defend your own, but you carry it way more than even Benin and Niger who are greatly affected by the impacts?

You keep telling us how your country accounts for billions of GDP, and other ludicrous figures you keep quoting each an every thread, those ones no do u, u now create a thread for it..

All those self consolations haven't been enough from you?
You enjoy steady power supply, 100% electricity, and good health care..you grow at 8% every week, you are the giant of Africa.. we agree you are all these..

Can you please let's close our border in peace?if it comes out bad for us, let's suffer it..if it comes out good..so be it.

Is that hard to ask?
Why you carry this matter for head like this?

The way am seeing this,this border closure is giving you sleepless nights and hypertension..

I will advise you as I will advise my blood..even us in Nigeria no dey carry naija Mata for head.. you in Ghana carrying naija matter for head..brother you are on a long thing....

Na u go tire

go to the BBC Africa page and see Nigerians crying up and down and South Africans teasing them because Ghanaians have locked down just hundreds of Nigerian shops in Kumasi alone.Between Ghana and Nigeria, tell me who cries a lot shouting that "they hate us,they don't respect us,they attack our people,we will deal with them,ordinary country now look at them".Tell me who cries a lot.Well the issue now is thousands of Nigerians are at the mercy of Ghanaian GUTA members and crying to your government that Ghanaians are frustrating and closing down their businesses. I just observe.I take no side buh I always put in my mind that everything I do over here,GHANA FIRST!!

Chrisgyei run go open another tread. Oga we have not finished for GUTA closing up Nigerian shops tread.

By the way, who gave you the temerity and audacity to open a conversation a Ghanian on a Nigerian tread. I thought you said we are shithole, zoo etc.

Lol.. Maybe a dog is coming back to his own vomit. Enjoy Nigeria for now while it lasts. Because soon you will be deported.

Ghana must go
...not the bag
Literally

Multiplier7:
Chrisgyei run go open another tread. Oga we have not finished for GUTA closing up Nigerian shops tread.

By the way, who gave you the temerity and audacity to open a conversation a Ghanian on a Nigerian tread. I thought you said we are shithole, zoo etc.

Lol.. Maybe a dog is coming back to his own vomit. Enjoy Nigeria for now while it lasts. Because soon you will be deported.

Ghana must go
...not the bag
Literally

seriously, you 're speaking gibberish right now.Next time,communicate with English language. Maybe I may understand according to your english proficiency which I believe will still be low.

oz4real83:
The last part of this post is exactly why I love the border closure so much but our govt should also put its house in order. All these companies keep running to neighbouring countries, produce goods there, employ their citizens and then export these goods to Nigeria. Why not force the citizens of the countries you produced your goods to consume your product? I know we have power, security and other challenges but some of these countries also have some of these challenges. We have seen Ghanaians protesting power outages although not as acute as our own. If Dangote can survive Nigerian business environment, then these companies can.

Are you Dangote? Can you survive Nigeria's rough business terrain?

EkwensuAmosu1:
[s][/s]
trash

Where are you when so many posts are yet to be cancelled.

My friend, you are joking with your job se you know?

chrisagyei:
I don't know if you realise the purchasing power of Ghana is more than 200 billion dollars. Am not sure your Lagos State which is the most biggest financial heart and population wise in your entire country and account for more than 1/5 th of revenue generated in the entire Nigeria.

Our economy is growing massively at 8.8%,our GDP has risen to 65 billion dollars with the highest per capita income in West Africa. We need all West African markets especially Nigeria to develop more and we rather prefer West Africans to tap into our development and economic growth and trade more than Western nations. That's why we were awarded the sole right to host the African Free Trade Agreement Headquarters in Accra,Ghana. That's why our ministers are going to Nigeria to diplomatically resolve any border issues.I hate it when some of your brothers say we're begging you guys because in terms of trade,both sides benefits.We don't smuggle anything out of our country from anywhere cos our port duties alone is taxed and more expensive than any port in West Africa do it will be foolish to import something into Ghana to smuggle to outside Ghana.

We're currently building a factory each in over 200 districts in our country and currently, factories and industries makes up 25% of our GDP. No country is an island.

well for once I agree with you. What we need is total regional integration. There is no competition between us . No one wins in that.

If only the whole Africa will run with the Kwame Nkuruma(I dont know if I spelt it right) Vision .

Until Africa a is United, collectivly, they will all be backward.

[s]

helinues:


Where are you when so many posts are yet to be cancelled.

My friend, you are joking with your job se you know?

[/s]

chrisagyei:
go to the BBC Africa page and see Nigerians crying up and down and South Africans teasing them because Ghanaians have locked down just hundreds of Nigerian shops in Kumasi alone.Between Ghana and Nigeria, tell me who cries a lot shouting that "they hate us,they don't respect us,they attack our people,we will deal with them,ordinary country now look at them".Tell me who cries a lot.Well the issue now is thousands of Nigerians are at the mercy of Ghanaian GUTA members and crying to your government that Ghanaians are frustrating and closing down their businesses. I just observe.I take no side buh I always put in my mind that everything I do over here,GHANA FIRST!!

my guy you were making sense before , I even praised you, but now you are talking trash and hate again . Bye

chrisagyei:
seriously, you 're speaking gibberish right now.Next time,communicate with English language. Maybe I may understand according to your english proficiency which I believe will still be low.

Tell that to your Minister who is in Abuja begging him to open border for people like you