The Ghana Business Forecast Report provides essential macroeconomic, political and financial analysis for companies doing business in Ghana. The Ghana Business Forecast Report helps businesses with Ghanaian market assessment, strategic planning and decision making to promote growth and profitability in Ghana and is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in this emerging market.

An influential new analysis of Ghana's political, economic and financial prospects through end-2012, just published by award-winning forecasters, Business Monitor International.

 

 

 

Key Uses of the Ghana Business Forecast Report | Ghana Political Outlook | Ghana Economic Outlook | Ghana Business Environment | Key Ghana Industry Sectors | Ghana Sample Report | Our Middle East & Africa Subscribers | BMI Affiliates in Middle East & Africa | Full Range of BMI's Business Forecast Reports

Key Uses

  • Forecast the pace and stability of Ghana's economic and industry growth through end-2012
  • Identify and evaluate adverse political and economic trends in Ghana, to facilitate risk mitigation strategies
  • Assess critical shortcomings of Ghana's business environment that pose hidden barriers and costs to corporate profitability
  • Contextualise Ghana's country risks against Middle East & Africa regional peers using BMI's country comparative risk ratings system
  • Target business opportunities in Ghana's high-growth industry sectors
  • Evaluate external threats to doing business in Ghana, including currency volatility, the commodity price boom and protectionist policies

The Ghana Business Forecast Report by Business Monitor International includes four major sections: Ghana's Political Outlook, Ghana's Economic Outlook, Ghana's Business Environment and Ghana's Key Industry Sectors.

Ghana's Political Outlook:

What are the political risks to doing business in Ghana over the next 5 years?

BMI's Ghana Country Risk Ratings evaluate the short and medium-term threats posed by government instability, adverse economic policy-making, deterioration in the business environment and external shocks.

Ghana Political Outlook Contents

  • SWOT Analysis for the Ghanaian Market
    Political Strengths, Weaknesses, Opportunities and Threats facing Ghana.
  • Political Stability and Risk Assessment for Ghana
    BMI's Risk Ratings assess explicit short and long-term risks to political stability; latest ratings, rankings and trends for Ghana's risk are compared with Middle East & Africa regional and global averages.
  • Current Administration and Policy-making in Ghana
    BMI profiles key policy-makers and power-brokers in the Ghanaian government, assessing threats to the continuity of Ghanaian economic policy, and likely changes to the business operating environment through end-2011.
  • Ghanaian Foreign Policy
    BMI examines key trends and shifts in Ghana's foreign relations and alignments with Middle East & Africa neighbours, the United States and Europe, focusing on external influences.

Key Benefits

  1. Benchmark Ghana's risk profile against its neighbours, the global and regional average, allowing easy comparison of risks between key business markets.
  2. Identify, evaluate and anticipate political and security risks to the business environment in Ghana, and to your company's current operations and future plans.
  3. Gain valuable insights into the Ghanaian government and policy-making, through BMI's specialist team of analysts and economists, and their exclusive network of private and public sector sources.

Ghana's Economic Outlook:

How will Ghanaian economic policy-making and performance impact corporate profitability over 2008-12?

BMI provides our fully independent 5-year forecasts for Ghana through end-2012 for more than 35 macroeconomic variables. We evaluate Ghanaian growth, and also forecast the impact of economic management, including central bank policy, on profitability.

Ghana Economic Outlook Contents

The Ghana Business Forecast Report features explicit BMI economic forecasts for Ghana, with supporting commentary and analysis, for end-2008, 2009, 2010, 2011 and 2012 set against Ghanaian government views. Underpinning our China forecasts are key assumptions for the global economy through end-2012, covering growth, inflation, employment, trade and investment, interest and exchange rates in the US, Japan and the Euro-zone.

Coverage of Key Economic Issues in Ghana

  • Economic Activity in Ghana
    Real GDP growth; industrial growth; employment growth; inflation and consumer prices; consumption (indicative wages, retail sales, consumer confidence)
  • Fiscal Policy in Ghana
    Current macroeconomic strategy and implementation policies; government finance (revenue, expenditure, budget balance); tax reforms
  • Monetary Policy in Ghana
    Interest rate trends (bank lending and deposit rates); inflation (retail price inflation, consumer price inflation); exchange rate policy in Ghana; Ghanaian currency controls; influence of foreign direct investment inflows; exchange rates and foreign exchange reserves
  • Balance of Payments in Ghana
    Merchandise trade (exports, imports, trade balance); current account balance
  • Foreign Direct Investment in Ghana
    Foreign direct investment approvals and inflows; the foreign investment climate
  • Ghanaian External Debt
    Debt profile (short- and long-term debt; public and private sector exposure)

Key Benefits

  1. Rely upon BMI's 100% independent Forecast Scenarios for Ghana and underlying assumptions - we take no advertising and are privately-owned.
  2. Exploit the benefits of BMI's comprehensive and reliable macroeconomic Ghana database, sourced and fully maintained by BMI from an extensive network of private sector, government and multilateral contacts.
  3. Gain key insights into the current and future direction of Ghanaian government economic policy

Ghana Business Environment:

How internationally competitive is Ghana's regulatory environment, and what changes can be expected?

BMI assesses levels of transparency, flexibility of labour market, tax burden, development of the banking sector and credit availability, infrastructure and IT,foreign investment regime and trade liberalisation in Ghana.

Ghana Business Environment Contents

  • Ghana's Business Environment Risk Rating with SWOT Analysis
    Short and long-term business environment risk ratings for Ghana, benchmarked against ratings for Middle East & Africa neighbouring countries.
  • Country Competitiveness for Ghana
    Competitiveness of Ghana's business operating environment in supporting corporate growth and profitability over the 5-year forecast horizon, compared with regional neighbours.

Coverage of Key Business Environment Issues in Ghana's Domestic Environment

  • Transparency, cronyism and corruption; labour market flexibility; corporate tax burden; interest rate levels; access of private sector to lines of credit; sophistication of banking sector and stock market; levels of business confidence; infrastructure and IT
  • Foreign Direct Investment in Ghana
    Analysis of foreign investment regime, foreign ownership laws; attractiveness of business environment to foreign investors; review of major foreign direct investments over the last 24 months, and of strategic sectors attracting most interest
  • Foreign Trade with Ghana
    Analysis of trading environment, government trade policy, liberalisation measures, tariffs and membership of trade areas

Ghana's Key Industry Sectors
Which industry sectors in Ghana will grow fastest, and where are the major investment opportunities in the Ghanaian market?

BMI targets investment opportunities in Ghana's high growth industries, including automotives, food and drink, infrastructure, oil and gas, pharmaceuticals and healthcare, telecommunications and IT.

Ghana's Key Industry Sectors Contents

BMI's independent 5-year forecasts to end-2012 and industry trend analyses for Ghana's leading industry sectors, including a selection from:

- Automotive - Defence & Security - Food & Drink - Freight Transport - Infrastructure - Oil & Gas - Pharmaceuticals & Healthcare - Telecommunications

Coverage of Ghana's Key Industry Sectors - Ghanaian Market Overview

  • Size, value and structure of industry; impact of liberalisation and privatisation on sector performance and prospects; friendliness of business environment
  • Latest Developments in Ghana
    Review of latest projects, deals, privatisations, mergers and acquisitions, and implications for sector performance; company rankings for national and multinational companies in Ghana; main industry players by local sales, employee size, market share and main brands, products and services
  • 5-year Industry Forecast for Ghana
    Historic dataset (2003-2007) and BMI forecasts through end-2012, covering headline industry data broken out by sub sector

Key Benefits

  1. Target strategic sector-by-sector opportunities in Ghana's high growth industries, attracting public expenditure and foreign investment; identify key players and competitors driving growth, investment and business opportunities.
  2. Benefit from competitive intelligence on top national and multinational companies operating in Ghana's major industry sectors, including analysis of recent trends in sales and market share, company strategies, product launches and latest deals.

Who buys the Middle East & Africa Business Forecast Reports?

The Ghana Business Forecast Report is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in Ghana.

Our Business Forecast Reports are relied upon by corporates, banks, government departments and multinational organisations around the world.

Business Monitor International's Business Forecast Report subscribers include:

 

 

Executive Summary

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Executive Summary

Focus On 2007: golden Prospects

We feel optimistic about Ghana's economic potential, in light of deepening political stability and sound economic management by the Kufuor administration. Economic growth is on an upward trajectory and inflation descending from double digit heights. 2007 will see the 50th anniversary of Ghana's independence from Britain and the celebratory spirit is likely to support national unity. While Ghana faces many tough challenges on its journey toward prosperity – accelerating the present growth momentum and pushing back poverty – the demonstrable will of the government and comparative absence of domestic tensions bodes well for the years ahead.

Ghana's relatively young democratic system is in consolidation mode, with pro-active drives to enhance governance and prop up the institutional architecture, serving as a bright benchmark for many African peers. Relatively smooth transitions of power since the introduction of multi-party democracy in 1992 have aided Ghana's process of democratic deepening. The track record of the ruling New Patriotic Party, particularly on the economic front, is laudable. Come the next general elections in 2008, President John Agyekum Kufuor will be constitutionally barred from standing and thus there is speculation as to who will take up the party reigns. The main opposition party, the National Democratic Congress, has chosen the current leader John Atta Mills as their candidate for the presidential race. All in all, while there are identifiable sources of friction, we expect stability to prevail and thus for the democratisation process to stay on track.

We are sanguine about the economic prospects in 2007 and beyond, forecasting real GDP growth to edge up to 6.5% this year, from an estimated 6.2% in 2006. Increasing macro economic stability, underpinned by prudent monetary and fiscal policies, coupled with debt relief and still buoyant commodity prices provide a supportive backdrop. The external outlook is upbeat, with cocoa and gold still dominating the export portfolio, but an undue dependence on external transfers (donor money and remittances from the Ghanaian diaspora) is a source of vulnerability. On the capital market front, reforms and a deepening of the debt markets are notable developments, strengthening Ghana's attraction as an investment destination.

Ghana's business environment is on a path of improvement, abetted by the government's explicit aim to shore up the private sector and make its term in office a ‘Golden Age Of Business'. Corruption is a lingering problem, but slightly less severe than in many other African countries. Taxes are not overly burdensome but onerous bureaucratic hurdles and red tape still complicate entrepreneurial activity. To illustrate, according to the World Bank's 2006 Doing Business Report, 'it took a whole 81 days to start a business. Although comparatively high it is still an improvement on the 2003 figure of 129 days. Positively, the descent of interest rates and reforms of the country's financial markets is making it easier for businesses to raise funds.

BMI's Affiliates and Partners in the Middle East and Africa

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Arab Bankers Association of North America  

ArabFinance.Com

German-Arab Chamber of Industry and Commerce   The Corporate Council on Africa
The West African Business Association (WABA)   businessforecasts Brokers Council - South Africa

Read about our other Business Forecast Reports  

Asia

Australia, China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Vietnam,

Europe

Bosnia & Herzegovina, Bulgaria, Caucasus, Croatia, Cyprus, Czech Republic, Estonia, Greece, Hungary, Kazakhstan & Central Asia, Latvia, Lithuania, Macedonia, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Ukraine,

Middle East and Africa

Angola, Bahrain, Botswana, Cameroon, Cote d'Ivoire, Egypt, Ethiopia, Ghana, Iran, Israel, Jordan, Lebanon & Syria, Kenya, Kuwait, Nigeria, North Africa, Oman & Yemen, Qatar, Saudi Arabia, South Africa, Sudan, Tanzania, Turkey, UAE, Zambia, Zimbabwe,

Latin America

Argentina, Brazil, Chile, Colombia, East Caribbean, Mexico, Peru, Trinidad & Tobago, Venezuela, West Caribbean,

 

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BUSINESS MONITOR INTERNATIONAL's country risk analysis and forecasts, market research on leading industries, and multinational company research is relied upon by corporates, banks, government departments and multilateral organisations in over 125 countries around the world.

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Industry Intelligence and Market Research
BMI's industry research covers Automotives; Banking; Chemicals; Defence & Security; Food & Drink; Freight Transport; Information Technology; Infrastructure; Insurance; Mining; Oil & Gas; Petrochemicals; Pharmaceuticals & Healthcare; Power; Telecommunications, and Tourism.

Company Research
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