Ghana Business Update: World Bank Bolsters Engineering Standards as ECG and GOIL Lead Infrastructure and Energy Gains

Ghana's business and infrastructure sectors are undergoing a period of strategic growth and modernization, marked by international collaborations and significant domestic investments. In Accra, the World Bank partnered with the Ghana Consulting Engineers Association (GCEA) for a specialized four-day training program on FIDIC (International Federation of Consulting Engineers) Condition of Contract management. The initiative, which drew participants from Ghana, The Gambia, Sierra Leone, Cape Verde, and Liberia, aimed to equip project implementation teams with the skills needed to deliver infrastructure projects successfully while avoiding costly litigation and delays. Facilitated by Eng. Abdelhafiz Abdelmoniem and supported by the World Bank’s Lina Tutunji, the program underscored the importance of effective contract management in regional development.

Parallel to these professional development efforts, local utility infrastructure is being revitalized through major upgrades. The Electricity Company of Ghana (ECG) Accra East Region has completed the installation of approximately 40 new power distribution transformers across eight districts. This intervention is part of a larger roadmap involving over 100 projects designed to stabilize the distribution network and resolve intermittent power issues caused by overloaded equipment. While the region recently faced outages due to heavy rainstorms, ECG has deployed engineering teams to restore service and is actively upgrading hardware to ensure long-term reliability. Similarly, in Ketu North, the Municipal Assembly is making strides toward a proposed 24-hour economy market project, with consultants evaluating sites to ensure the facility meets the functional requirements for modern commercial trade.

In the corporate and competitive arena, state-owned GOIL PLC has officially reclaimed its status as Ghana's leading Oil Marketing Company (OMC). CEO Edward Abambire Bawa attributed the achievement to the dedication of the workforce and a renewed focus on industry excellence, following a period where competitor Star Oil held the top position. The creative sector also saw significant recognition as Freda Kingful Abraham Cudjoe, CEO of Impakers Creative Hub, was inducted into the Corporate Ghana Hall of Fame. Recognized for her visionary leadership in branding and publishing, Cudjoe's induction at the La Palm Royal Beach Hotel highlights the increasing impact of creative entrepreneurs on the national economy. Together, these developments reflect a multi-sectoral push toward operational efficiency and market leadership across the country.