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Business News of Wednesday, 12 March 2025

    

Source: www.ghanawebbers.com

Rising foreign competition in Ghana’s construction sector sparks concerns

Charles Amissah Koomson of Multi-Build Consult Limited Charles Amissah Koomson of Multi-Build Consult Limited

The increasing influx of foreign competitors in Ghana’s construction industry has raised concerns among local stakeholders, prompting calls for stricter regulation enforcement to protect domestic businesses.

At the Ghana Institution of Surveyors’ AGM, Charles Amissah Koomson of Multi-Build Consult Limited stressed the importance of upholding industry standards.

While acknowledging the benefits of competition, he urged authorities to tighten regulatory frameworks to ensure that foreign professionals meet local qualifications.

He also emphasized the need to strengthen the skills of local professionals and explore opportunities to export their expertise. Section 5(1) of the Architects Act 1969 (NLCD 357) mandates