Market Overview Ghana Telecom Market has witnessed strong growth in recent years and is expected to have continued growth over the forecast period to 2025. We have maintained our forecast CAGR and expect Ghanas medical device market to register a 2021-2026 CAGR of 12.2% in local currency terms and 9.2% in US dollar terms, which, Fitch Solutions / Article / Food & Drink / Ghana / Fri 03 Jun, 2022. Despite these headwinds, increasing public expenditure, particularly investments in hospital infrastructure projects, will revamp growth in the medical device market in the medium term. Foreign Direct Investment Attraction Events, Services for U.S. Companies New to Exporting, Services for U.S. Companies Currently Exporting, Leading Sectors for US Exports & Investments, Information and Communications Technology (ICT), Licensing Requirements for Professional Services. Industry has been a significant source of economic growth for Ghana in recent years, a trend that continued despite the Covid-19 pandemic. The rental market in Accra is relatively large with 37.5% of all households renting (only 22% for Ghana as a whole). It also provides information on investments and analysis from experts on influencers on issues that shape business decisions in Ghana and elsewhere. Beyond its traditional industries of agriculture, mining - and more recently, oil and gas production - Ghana's digital, financial services, education, and franchising sectors are growing fast. Critical reections on the chair, one after another boy from another source in ones thoughts and prayers. U.S. Department of Commerce They are the people who call us every day for 'chamber and hall self-contain' and the one or two-bedroom apartment units. Declining business confidence points to a modestly weaker outturn for gross fixed capital formation, while declines in oil and cocoa production will cap export growth over 2022. Ghana's population is currently growing at a rate of 2% per year. Ranging over an area of 2.4 million square km and a population of approximately 30 million. 6 Ghana Fruit Juices Market, By Types. And Ghana Ranked 9th in terms of Purchasing Power Parity regional-wise. The remaining 1.6% of housing is employer-provided (4.5% for Ghana). Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities. Abstract A market segmentation analysis was conducted using secondary data from the 1998, 2003, and 2008 Demographic and Health Surveys to better understand the variation in trends in contraceptive use by income, place of residence, region, education, and . However, access to the platform can only be ensured with parallel mobile infrastructure development in rural areas. Among others, you have access to reports on: Potential Markets for NTEs Competitor Analysis for Ghanaian NTEs Current Export Destination for some NTEs The Latest: Ghana-based agricultural technology (agritech) start-up Farmerline has raised USD13mn to strengthen its supply chain and extend its reach into new markets and new customer segments. Corporate License. Based on the Ghana Import-export Data, Ghana is ranked 73rd largest GDP country in the world with a total trade value of $27.44 Billion US Dollars in the year 2020. 1 . Even so, Ghana remains heavily dependent on international financial and technical assistance. This site contains PDF documents. A weakening of Ghanas cedi will put pressures on medical device imports and consumption. Success in this sector is closely tied to the government budget and the availability of developers to find appropriate financing. . 2025, the cigars market in Ghana is forecast to reach 3.85 million USD (in retail prices), thus increasing at a CAGR of 9.89% per annum for the period 2020-2025. The Ghana telecommunication services market size was valued at $1.9 billion in 2021. Ghana Grain Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027) Single User License. Production trends, Consumption trends, and Trade Analysis will be included in the report Home Food & Beverage and Agriculture Also, increasing urbanization is one of the factors driving the Ghana retail industry market In 2019, Ghana has an estimated population of 30.10 million, which ranks 48th in the world. average value is in fourth position with an RCA value of 3.75 after Ghana, Ivory Coast, and Malaysia. Know More Goods and services exports in this sector represent a significant opportunity for U.S. companies. That market is huge; it's explosive. The report focuses on market. Healthcare segment in Ghana Key Developments 15. This trend continued into 2021, despite a modest slowdown in response to the Covid-19 pandemic when What are your expectations for the industrial sector during Ghanas post-pandemic recovery phase? 2. 2012). For instance, the global area under tomato cultivation has increased from 4,854.4 thousand hectares to 5,051.9 thousand hectares between 2016-2020. The mobile-based-farming-as-a-service platform allows farmers to access inputs, training and markets with the potential to contribute to Ghanas higher agricultural outputs. Arlington, Va: USAID | DELIVER PROJECT, Task Order 1. Expert analysis of opportunities and risks across emerging and frontier markets. City Profile - Accra ; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail. Adding to that, there is a significant increase in the area of tomato cultivation across the globe. Official websites use .gov Get to know the business behind theproducts. The trade surplus will widen on elevated global commodity prices, although this will be partly offset by a widening primary income deficit, caused by rising interest expenditure on external debt. Gas production increased by 75% in 2020. By Application 14.42.4. Looking forward, IMARC Group expects the market to reach US$ 494 Billion by 2027, exhibiting a CAGR of 32.5% during. Ghana in recent memory has been a market to watch in terms of its economic development in the African continent as a whole. Ghana market analysis for Burger King. Washington, DC 20230. Fitch Solutions / Article / Infrastructure / Ghana / Tue 24 May, 2022, Fitch Solutions / Article / Telecommunications / Ghana / Wed 11 May, 2022. How can Ghana further develop the industrial base? They are the people who call us every day for 'chamber and hall self-contain' and the one or two-bedroom apartment units. This has begun with companies such as Toyota, Volkswagen, and Mahindra. What will drive post-pandemic growth in Ghana's retail sector? M Market Research Reports and the M Market Research Reports Logo are registered trademarks of Market Research Reports, Inc. Disclaimer: Market Research Reports, Inc. has no affiliation to, and is not associated with any other website(s) or organization(s). InterMedia Survey Institute IDS Market Analysis Ghana Page 5 Minister of Education and Sports Yaw Osafo Maafo P.O Box M45 Accra (+233-21) 666070 (+233-21) 664067 www.ghana.edu.gh Minister of Energy Mike Oquaye P.O Box MB40 Stadium (+233-21) 667151-3 (+233-21)668262 energy1@ncs.com.gh Minister of Environment, Science & Technology Call Us (+233) 302-669-908 (+233) 302-669-914 Results show that since 2008 to 2013, pork prices in Ghana rose rapidly between 115-120%. Cosmetics Market Size in Ghana The Ghanian cosmetics market contracted to $X in 2021, with a decrease of -5.2% against the previous year. With relatively diverse and abundant natural resources, Ghana has roughly twice the per capita output of the poorest countries in West Africa. Turning to Q2, economic output should be slowing further. In April 2015, Ghana entered into a three-year International Monetary Fund (IMF) Extended Credit Facility (ECF) of $918 million with the hope of stabilizing the country's macroeconomic imbalances. Elevated inflation will dampen consumer confidence and spending, whereas falling oil and cocoa production will weigh on exports. Register now and also receive a complimentary 2-month licence to the OBG Research Terminal. A .gov website belongs to an official government organization in the United States. Ghana Agriculture Market Trends, Statistics, Growth, and Forecasts Ghana Agriculture report focuses on Grains, Livestock, Sugar, Dairy, Commodity Price Analysis, Food Products, and regulatory analysis. At Fitch Solutions, we forecast that real GDP growth in Ghana will slow to 4.4% in 2022, from 5.4% in 2021, as inflationary pressures rise and investor sentiment weakens. The mining sector, including gold, bauxite, manganese, diamonds, salt, and lithium, is a major contributor to the Ghanaian economy. Ghana Retail Market, Size, Share, Outlook 2020 to 2026 is a premium market research report focusing on factors driving and challenging the industry, Market Trends, recent industry developments, Key Players Analysis, market share, size, forecast, segmentation, Business Profiles of Leading Companies.OGAnalysis Snacks are regarded as a luxury by most local consumers, therefore improvements in the economy in USD 2,450 Add To Cart Country Report Retailing in Ghana Jun 2022 Ghana aims to improve its fiscal deficit in 2022 to 7.4% of GDP. Hayssam Fakhry, Managing Director, Interplast: Interview, Ramesh Sadhwani, Co-CEO, Melcom: Interview, How Ghana seeks to bolster local manufacturing capacity. Also the rate of returns was higher at 43.62% compared to bank interested rate. Browse over 2,000 research reportsat the Fitch Solutions Store. Within the dairy segment, yoghurt will be the outperformer, as Ghanaians demand for drinking yoghurts grow due to their affordability and convenience. The pact aims to significantly reduce or eliminate tariff and non-tariff barriers on the continent, facilitate a single continental market for goods and Stay updated on how some of the worlds most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues. Burger King is a global-American chain of fast food restaurants, originating from Miami, Florida. Ghana Centre for Scientific Research find out say dis melecine dem get bacteria inside wey fit cause diarrhoea, pneumonia, breathing illness and urinary infections. Currently, Indonesia's cocoa exports to European Union are still constrained by 15% tariff rate. Facing a Foreign Trade AD/CVD or Safeguard Investigation? 6.1.3 Ghana Fruit Juices Market Revenues & Volume, By Carbonated Juices, 2016 - 2026F. . While fixed investment will accelerate as projects delayed by the pandemic resume and higher commodity prices boost foreign interest in the countrys abundant natural resources, this will not be sufficient to offset weakness in other components. This report coversGhana's PESTEL (political, economic, social, technological, environmental and legal) analysis. Ghana's rapid growth (7 percent per year in 2017-19) was halted by the COVID-19 pandemic, the March 2020 lockdown, and a sharp decline in commodity exports. The Ghana insurance market size was $764.6 million in 2021. The Market place. Our expert analysts and guest speakers discuss short- and long-term political and geopolitical risk. 6.1.1 Overview and Analysis. $499 $2 390 Basic Edition (Single Report) $1995 $3 990 Professional Edition (Single Report) $3400 / year $7 990 . Explore report Buy digital edition 150 Buy printed edition 175 Displaying 1 - 6 of 121 Ghanas medical devices market will record a consistent recovery from 2022 onwards. Only about 40.4% of households in Accra own their houses (57.4% for Ghana), while another 20.5% live rent-free (19.5% for Ghana). While in the past industrial development has been tied to resource endowments such as cocoa, mining and crude As Africas largest gold miner and the worlds second-largest cocoa producer, Ghana has witnessed steady growth in recent years. There is a pressing need to increase investments in sustainable infrastructure to promote low carbon economic growth and ensure environmental sustainability. With Long Term Evolution (LTE) rapid expansion and . Sep 22, 2022 (The Expresswire) -- The global "Ghana Seed Extract Market" research provides a complete analysis of . $ 5250. Team License. We forecast Ghanas construction industry to grow by 4.1% y-o-y in 2022, a slowdown compared to the estimated growth of 5.7% y-o-y in 2021. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. Box GP 1849, Accra . Although Nigeria remains the oil and gas hub for West Africa, Ghana is attracting more companies and partners for its oil and gas sector. Market reports PUBLICATIONS GEPA is glad to provide you with reports on selected NTEs to enable you take the important step in accessing a particular export market destination. Shea butter is a natural vegetable fat, light yellowish or ivory, derived from the African tree nut Vitellaria paradoxa. $ 4750. Ghana, with assistance from a range of international development partners, is continuing to upgrade its electricity transmission and distribution systems to achieve its goal of becoming a regional exporter of power and to shed its expensive excess power capacity. Know More Ghana SWOT Analysis This market research report covers SWOT (strengths, weaknesses, opportunities and threats) analysis for Ghana. Ghana - Paint, Distemper, Varnish or Similar Brushes, Paint Pads and Rollers - Market Analysis, Forecast, Size, Trends and Insights Update: COVID-19 Impact. 5 Ghana Fruit Juices Market Trends. This market research report covers current and future business risk analysis forGhanaalong with macroeconomic factor analysis. For instance, the global area under tomato cultivation has increased from 4,854.4 thousand hectares to 5,051.9 thousand hectares between 2016-2020. It provides a detailed analysis of the market, its dynamics, structure, characteristics, main players, growth and demand drivers, etc. Ghana's medical devices market will record consistent recovery from 2022 onwards. In 2018, the global cassava starch market reached a volume of 8 million tons, representing a Compound Annual . The MarketWatch News Department was not involved in the creation of this content. The automotive industry presents a new opportunity as the government seeks to establish Ghana as the hub for assembling automobiles in the sub region. We work with our associate Global market research firms who are known leaders in their respective domains to obtain right market research solution for our customers needs, be it custom research or syndicated research reports. The Marketplace. While the country was impacted by the Covid-19 pandemic, it navigated the crisis better than many of its income-level peers, in large part thanks to measures aimed at boosting public revenue. Fitch Solutions / Article / Country Risk / Ghana / Wed 31 Aug, 2022. The sector accounts for a large portion of both employment and exports, underscoring its importance as the government seeks to bolster value-added Ghanas retail sector has expanded in recent years, bolstered by rising living standards, and lower levels of unemployment and inflation. Global Tomato Market Analysis Report 2022: Growing Tomato https://lnkd.in/emHSsnk7 We expect that a substantial depreciation of the Cedi against the US dollar in 2022 will in the near term make private sector investors more reluctant to invest in Ghanas infrastructure and construction sector and offset the adverse impact. Key View: The Ghanaian dairy segment will see significant growth over the medium-term, aided by growing real disposable incomes and demand for dairy products. Expertise in Consulting Solution We provide consulting services in the area of IFRS and management reporting, helping companies to reach their highest level. In terms of market capitalisation, the GSE is dominated by the mining and petroleum sectors, which accounted for 52.5% of the total in 2018. We expect that the BoG would have to tighten monetary policy further as a condition of a likely IMF deal, and forecast that the central bank will increase the benchmark interest rate by 300bps to 27.00% in, Fitch Solutions / Article / Infrastructure / Ghana / Fri 19 Aug, 2022, Fitch Solutions / Article / Country Risk / Ghana / Thu 11 Aug, 2022, At Fitch Solutions we forecast that the Ghanaian current account deficit will narrow to 2.8% of GDP in 2022, from 3.2% in, Fitch Solutions / Article / Medical Devices / Ghana / Wed 15 Jun, 2022, Ghanas medical devices market will record consistent recovery from 2022 onwards. Copyright 2010-22 Market Research Reports, Inc.. All Rights Reserved. The growth in the industry is mainly due to increasing urban population with rising adoption of the mobile phones that supports 3G, 4G and 5G services across the country. Nov 4, 2022. To increase investments in sustainable infrastructure to promote low carbon economic growth Ghana. Q2, economic output should be slowing further exhibiting a CAGR of 32.5 % during geopolitical... Is closely tied to the platform can only be ensured with parallel mobile development! Should be slowing further and also receive a complimentary 2-month licence to platform. Research reportsat the Fitch Solutions Store post-pandemic growth in Ghana and elsewhere companies such as,... And spending, whereas falling oil and cocoa production will weigh on.. Of developers to find appropriate financing and frontier markets 32.5 % during agricultural outputs the MarketWatch News Department not! Value is in fourth position with an RCA value of 3.75 after Ghana, Ivory,... 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