KDHI Launches Accra Office to Develop Social Impact Initiatives in Ghana
Accra, 15 April 2016 - The KDHI team has expanded its presence into the Republic of Ghana in order to capitalize on the growth the West African region is experiencing.
KDHI will be focusing on the Agriculture, Trade and associated Logistics sectors to enhance and encourage growth in those sectors. Our team recognizes that intra-African trade will increase significantly in the coming years and Ghana is considered to be the hub of West Africa, where most manufacturing and trading can take place.
Ghana’s growing economic prosperity and democratic political system has made it a regional power in West Africa. It is a member of the African Union, ECOWAS (Economic Communities of West African States), G24 (Group of 24) and the Commonwealth of Nations. The population of Ghana is ~27 million. Its GDP on a nominal basis is ~$45 billion. According to the IMF’s 2016 World Economic Outlook Report, Ghana’s Gross Domestic Product (GDP) per capita for the year 2015 rose to USD 1,340 from USD 1,266 in 2008. The per capita income is higher than that of Cote d’Ivoire (USD 1,314), Senegal (USD 913), and Kenya (USD 1,338). Ghana’s GDP is expected to grow by ~4-5% in 2016.
In the most recent United Nations Development Programme (UNDP), Human Development Report in 2015, Ghana was placed in the Medium Human Development category with a score (0.579) higher than Nigeria (0.514), Kenya (0.548), Senegal (0.466) and Cote d’Ivoire (0.462) , who were all co-signed to the Low Human Development category by their respective scores. Ghana’s education system ranks among the best on the African continent. Improvement has also been reported in the Adult Literacy rate which increased from 50.7% in the year 2008 to 76.6% in 2015. The first President of Ghana (Mr. Kwame Nkrumah) and KDHI’s Founder (Mr. Kavaneet Dhami) both attended the University of Pennsylvania in Philadelphia, Pennsylvania.
About KDHI KDHI is a leading Agribusiness development firm that trains farmers, merges foreign and local capital, and secures off-take agreements to drive agriculture production in Sub-Saharan Africa and exponentially increase yields through data-driven processes. We work with our investors and strategic partners to bring world-renowned expertise to the countries in which we operate in order to catalyze greater food security for families, better health and nutrition, increased income, greater access to basic social services and increased productivity, as well as generating taxes of all kinds beneficial to the state (export revenue, agricultural equipment, etc.).
References
https://www.imf.org/~/media/Websites/IMF/imported-flagship-issues/external/pubs/ft/weo/2016/02/pdf/_textpdf.ashx
