Ghana Food and Drink Report - Business Monitor International - Industry Reports

Ghana Food and Drink Report

Ghana Food and Drink Report - Business Monitor International - Industry Reports
Ghana Food and Drink Report
Published Sep 24, 2016
59 pages — Published Sep 24, 2016
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Abstract:

With disposable incomes set to grow considerably over the next decade, consumers will have more money to spend on essentials as well as on discretionary goods. Growing opportunities across the food, drink and mass grocery retail sectors will most likely interest businesses already present in Ghana, as well as those looking to enter the market. ...Signs point towards a strong private sector culture developing. With Ghana expected to do a better job of managing its natural resources than some of its neighbours, income growth is likely to occur across a wider spectrum of the population than is the norm in Sub-Saharan Africa. If the government fails to abide by the IMF s conditionality following the deal finalised in early ----, investor sentiment will sour severely. The Ghanaian cedi remains vulnerable amid the sizeable current account deficit and could depreciate more swiftly than we anticipate. Additionally, mismanagement of oil revenues - perhaps stemming from insufficient institutional capacity - could dent investor perceptions.

...In ---- and ----, we expect that growth in Ghana will begin to pick up once more for a number of key reasons: The TEN oil fields will begin production, leading to a ramp-up in exports, the dumsor-dumsor electricity generation crisis will wane, and diminishing imbalances and a stabilising currency will encourage investment. In June ----, more than --,--- jobs were lost due to the electricity crisis, according to the Ghana Employers Association. In ---- and ----, our Power team expects the crisis to ease. Ongoing and target- hitting investment in the sector will facilitate the rapid growth we expect in electricity consumption, and in the near term, the outlook is brighter than it has been over the past two years. Ghana s economy was hit hard as fiscal profligacy was exacerbated by falling commodity prices, resulting in widening twin deficits and worsening investor sentiment towards the country. ...From a forecast --.- in ----, it will stand at --.- at the end of our forecast period in ----, as some spending will be funnelled into investment. From --.- in ----, private consumption s share had fallen to just --.- in ---- as investment picked up previously, but the recent fiscal troubles have seen it expand once more.

...All information contained in this publication is copyrighted in the name of Business Monitor International Ltd, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. ...

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Source:
Document ID
2044-964X
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Ghana Food and Drink Report" Sep 24, 2016. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Ghana-Food-and-Drink-Report-2026-1250>
  
APA:
Business Monitor International - Industry Reports. (2016). Ghana Food and Drink Report Sep 24, 2016. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Ghana-Food-and-Drink-Report-2026-1250>
  
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