Conflict and piracy in Ghana (as of Feb 2013)
Despite a few notable security challenges, Ghana is characterised by a rather low level of violence – in comparison with regional standards – which is unlikely to significantly hinder the business environment.
One of the most serious threats to business activities is the growing risk of piracy in the Gulf of Guinea which could affect Ghana’s nascent offshore oil industry. Concerns are particularly high as neighbouring Côte d’Ivoire has been confronted by a rise in piracy incidents over the past few months, including the hijacking of oil tankers. Several attacks on Côte d’Ivoire’s soil have also been attributed to Ivoirian nationals living in Ghana, but the risk of violence spiralling into Ghana remains low. However, localised violence triggered by disputes over lands is likely to persist, especially in the north of the country. The peaceful December 2012 presidential elections however suggest a progressive entrenchment of democratic practises and that the security context is likely to remain broadly conducive to business activities in the short term. This is reflected in Maplecroft’s Conflict and Political Violence Index 2013, which ranks Ghana in the ‘low risk’ category, with a score of 7.65 out of 10 (where 0 represents the greatest risk).