Sections
| Title |
|---|
| Table of Contents |
| 1 Introduction |
| 1.1. What is this Report About? |
| 1.2. Definitions |
| 1.3. Summary Methodology |
| 1.4. About Strategic Defence Intelligence |
| 2 Executive Summary |
| 3 Market Attractiveness and Emerging Opportunities |
| 3.1. Defense Market Size Historical and Forecast |
| 3.1.1. Ghanaian defense expenditure is projected to grow at a CAGR of 2.56% during the forecast period |
| 3.1.2. Insurgency, piracy, oil smuggling, and peacekeeping operations are expected to drive defense expenditure |
| 3.1.3. Defense budget as a percentage of GDP expected to average 0.5% over the forecast period |
| 3.2. Analysis of Defense Budget Allocation |
| 3.2.1. Allocation for capital expenditure expected to average at 23.9% over the forecast period |
| 3.2.2. Capital expenditure budget expected to grow at 2.36% over the forecast period |
| 3.2.3. Per-capita defense expenditure expected to increase during the forecast period |
| 3.3. Homeland Security Market Size and Forecast |
| 3.3.1. Homeland security budget projected to increase during the forecast period |
| 3.3.2. The threat from Boko Haram, drug trafficking, cybercrime, and money laundering to drive the homeland security market |
| 3.3.3. Ghana falls under the 'some risk category' by terrorist attack |
| 3.3.4. Ghana has rank of 94 in terrorism index |
| 3.3.5. Ghana has a terrorism index score of 1.4 |
| 3.4. Benchmarking with Key Global Markets |
| 3.4.1. The country's defense budget is expected to increase during the forecast period |
| 3.4.2. Ghanaian military expenditure is limited compared to countries with the largest defense expenditure |
| 3.4.3. The country allocates a lower percentage of GDP to defense |
| 3.5. Market Opportunities: Key Trends and Growth Stimulators |
| 3.5.1. Fighters & Multi-role Aircraft |
| 3.5.2. Attack Helicopters |
| 3.5.3. Transport Helicopters |
| 4 Defense Procurement Market Dynamics |
| 4.1. Import Market Dynamics |
| 4.1.1. Limited capability of the domestic defense market drives imports |
| 4.1.2. Defense imports expected to increase during the forecast period |
| 4.1.3. China, Russia, Germany and Spain account for most of the country's defense imports |
| 4.1.4. Naval vessels, aircraft and armored vehicles are the largest imported military hardware |
| 4.2. Export Market Dynamics |
| 4.2.1. Ghana does not export arms due to its underdeveloped domestic arms industry |
| 5 Industry Dynamics |
| 5.1. Five Forces Analysis |
| 5.1.1. Bargaining power of supplier: low to medium |
| 5.1.2. Bargaining power of buyer: medium to high |
| 5.1.3. Barrier to entry: medium |
| 5.1.4. Intensity of rivalry: low |
| 5.1.5. Threat of substitution: low |
| 6 Market Entry Strategy |
| 6.1. Market Regulation |
| 6.1.1. Ghana does not disclose any offset obligations imposed by the country |
| 6.1.2. FDI in the defense sector prohibited by the Ghanaian government |
| 6.2. Market Entry Route |
| 6.2.1. Direct selling is the preferred market entry route for foreign OEMs |
| 6.3. Key Challenges |
| 6.3.1. Corruption acts as an obstacle for market entry |
| 6.3.2. Small defense budget does not attract suppliers |
| 7 Competitive Landscape and Strategic Insights |
| 7.1. Competitive Landscape Overview |
| 7.2. Key Domestic Companies |
| 7.2.1. Defence Industrial Holding Company Limited (DIHOC): overview |
| 7.2.2. Defence Industrial Holding Company Limited (DIHOC): products and services |
| 8 Business Environment and Country Risk |
| 8.1. Economic Performance |
| 8.1.1. Gross Domestic Product Per Capita |
| 8.1.2. Gross Domestic Product, current US$ |
| 8.1.3. Export of Goods & Services |
| 8.1.4. Imports of Goods & Services |
| 8.1.5. Local Currency Unit per US$ |
| 8.1.6. Market capitalization of listed companies (US$ Bn) |
| 8.1.7. Market capitalization of listed companies (% GDP) |
| 8.1.8. Government cash surplus/deficit as % GDP (LCU) |
| 8.1.9. Goods Exports as a % of GDP |
| 8.1.10. Goods Imports as a % of GDP |
| 8.1.11. Services Imports as a % of GDP |
| 8.1.12. Services Exports as a % of GDP |
| 8.1.13. Net Foreign Direct Investment |
| 8.1.14. Net FDI as a percentage of GDP |
| 8.1.15. Mining, Manufacturing, Utilities Output (LCU Bn) |
| 9 Appendix |
| 9.1. About SDI |
| 9.2. Disclaimer |
| List of Tables |
| Table 1: Ghanaian Defense Expenditure (GHS million& US$ million), 2012-2021 |
| Table 2: Ghanaian GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2012-2021 |
| Table 3: Ghanaian Defense Budget Split between Capital and Revenue Expenditure (%), 2012-2021 |
| Table 4: Ghanaian Defense Capital Expenditure (GHS Billion & US$ Million), 2012-2021 |
| Table 5: Ghanaian Per-Capita Defense Expenditure (US$), 2012-2021 |
| Table 6: Ghanaian Homeland Security Expenditure (GHS Billion & US$ Million), 2012-2021 |
| Table 7: Terrorism Index, 2016 |
| Table 8: Benchmarking with Key Markets - 2012-2016 vs. 2017-2021 |
| Table 9: Defence Industries Corporation of Ghana - Main Products |
| List of Figures |
| Figure 1: Ghanaian Defense Expenditure (in GHS Mn), 2012-2021 |
| Figure 2: Ghanaian Defense Expenditure (in US$ Mn), 2012-2021 |
| Figure 3: Ghanaian GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2012-2021 |
| Figure 4: Ghanaian Defense Budget Split Between Capital and Revenue Expenditure (%), 2012-2021 |
| Figure 5: Ghanaian Capital Budget Allocation (GHS Million), 2012-2021 |
| Figure 6: Ghanaian Capital Budget Allocation (US$ Million), 2012-2021 |
| Figure 7:Ghanaian Per-Capita Defense Expenditure (US$), 2012-2021 |
| Figure 8: Ghanaian Homeland Security Budget (GHS Billion), 2012-2021 |
| Figure 9: Ghanaian Homeland Security Budget (US$ Million), 2012-2021 |
| Figure 10: Terrorism Heat Map, 2016 |
| Figure 11: Terrorism Index, 2016 |
| Figure 12: Benchmarking with Key Markets - 2012-2016 vs. 2017-2021 |
| Figure 13: Defense Expenditure of the World's Largest Military Spenders (US$ Billion), 2016 and 2021 |
| Figure 14: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2016 |
| Figure 15: Ghanaian Defense Import Trend, 2011-2015 (TIV values) |
| Figure 16: Ghanaian Defense Imports by Country (US$ Million), 2011-2015 |
| Figure 17: Ghanaian Defense Imports by Category (%), 2011-2015 |
| Figure 18: Industry Dynamics - Porter's Five Forces Analysis |
| Figure 19: Ghana's GDP per capita, 2016-2025 |
| Figure 20: Ghana's Gross Domestic Product (current US$ Billion), 2016-2025 |
| Figure 21: Ghana's Exports of goods and services (LCU), 2005-2014 |
| Figure 22: Ghana's Imports of goods and services (LCU Billion), 2005-2014 |
| Figure 23: Ghana's LCU per US$, 2015-2024 |
| Figure 24: Ghana's Market capitalization of listed companies (US$ Bn), 2005-2012 |
| Figure 25: Ghana's Market capitalization of listed companies (% GDP), 2005-2012 |
| Figure 26: Ghanaian Government cash surplus/deficit as a % of GDP (LCU), 2005-2011 |
| Figure 27: Ghana's Goods Exports as a % of GDP, 2005-2013 |
| Figure 28: Ghana's Goods Imports as a % of GDP, 2005-2013 |
| Figure 29: Ghana's Services Imports as a % of GDP, 2005-2013 |
| Figure 30: Ghana's Services Exports as a % of GDP, 2005-2013 |
| Figure 31: Ghana's Net Foreign Direct Investment (BoP, current US$ Billion), 2005-2013 |
| Figure 32: Ghana's Net FDI as a percentage of GDP, 2005-2013 |
| Figure 33: Ghana's Mining, Manufacturing, Utilities Output (LCU Bn) 2005-2014 |
