Summary
"Future of the Ghanaian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024", published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies and key news.
This report offers detailed analysis of the Ghananian defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.
In particular, it provides an in-depth analysis of the following -
- The Ghana defense industry market size and drivers: detailed analysis of the Ghanaian defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns.
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country.
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years.
- Market opportunities:list of the top ten defense investment opportunities over the next 5 years.
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Ghanaian defense industry.
Scope
- The Ghanaian defense market, valued at US$271.8 million in 2019, is anticipated to see sustained growth over the next five years to reach US$414.6 million by 2024, by registering a CAGR of 6.38% during the forecast period.
- The increase in country’s defense expenditure can be attributed to the growing influence of extremist organizations such as Al-Qaeda in the Islamic Maghreb (AQIM) and Boko Haram in the region.
- This coupled with piracy, oil smuggling and drug trafficking in the Gulf of Guinea will further drive the spending on defense.
Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Ghanaian defense industry market trends for the coming five years.
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period.
- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector.
- A deep qualitative analysis of the Ghanaian defense industry covering sections including demand drivers, key trends and latest industry contracts.
Companies Mentioned
Pratt & Whitney.
Embraer S.A.
Harbin Aircraft Industry (Group) Co. Ltd. (HAIG)
Defence Industrial Holding Company Limited (DIHOC)
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Table of Contents
1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About GlobalData
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Military Fleet Size
3.1.2. Procurement Programs
3.1.3. Key Challenges
3.2. Defense Market Size Historical and Forecast
3.2.1. Ghanaian defense expenditure is projected to grow at a CAGR of 6.38% over the forecast period
3.2.2. Insurgency and terrorism coupled with piracy and oil smuggling to drive defense expenditure
3.2.3. Defense budget as a percentage of GDP expected to average 0.49% over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Allocation for capital expenditure expected to average at 21.3% over the forecast period
3.3.2. Capital expenditure budget expected to increase over the forecast period
3.3.3. Per-capita defense expenditure expected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Homeland security budget projected to increase over the forecast period
3.4.2. Continuing threats from Boko Haram, drug trafficking, cybercrime and money laundering will drive spending in the homeland security market
3.5. Benchmarking with Key Global Markets
3.5.1. The country’s defense budget is expected to increase during the forecast period
3.5.2. Ghanaian military expenditure is limited compared to the countries with the largest defense expenditure
3.5.3. The country allocates a low percentage of GDP to defense
3.6. Market Opportunities: Key Trends
3.6.1. Top 10 Defense market sectors by value (US$ Million) - Projections over period 2018-2023
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. Russia, China, Spain, and Canada account for most of the country’s defense imports
4.1.3. Aircraft, Armored vehicles, and Engines 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. Market Regulation
5.1.1. Budgeting Process
5.1.2. Procurement Policy and Process
5.1.3. Ghana does not disclose any offset obligations imposed by the country
5.1.4. FDI in the defense sector prohibited by the Ghanaian government
5.2. Market Entry Route
5.2.1. Direct selling is the preferred market entry route for foreign OEMs
6. Competitive Landscape and Strategic Insights
6.1. Competitive Landscape Overview
7. Business Environment and Country Risk
7.1. Economic Performance
7.1.1. Gross Domestic Product Per Capita (US$)
7.1.2. Gross Domestic Product, current US$ Billion
7.1.3. Export of Goods & Services
7.1.4. Imports of Goods & Services
7.1.5. Local Currency Unit per US$
7.1.6. Market capitalization of listed companies (US$ Billion)
7.1.7. Market capitalization of listed companies (% GDP)
7.1.8. Government cash surplus/deficit as % GDP (LCU)
7.1.9. Goods Exports as a % of GDP
7.1.10. Goods Imports as a % of GDP
7.1.11. Services Imports as a % of GDP
7.1.12. Net Foreign Direct Investment
7.1.13. Services Exports as a % of GDP
7.1.14. Net FDI as a percentage of GDP
7.1.15. Mining, Manufacturing, Utilities Output (LCU Billion)
8. Appendix
8.1. About GlobalData
8.2. Disclaimer
List of Tables
Table 1: Ghana Army Strength
Table 2: Ghana Airforce Strength
Table 3: Ghana Navy Strength
Table 4: Ghana - Ongoing Development and Procurement Programs
Table 5: Ghana - Future Procurement Programs
Table 6: Ghanaian Defense Expenditure (GHS Million & US$ Million), 2015-2024
Table 7: Ghanaian GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2015-2024
Table 8: Ghanaian Defense Budget Split between Capital and Revenue Expenditure (%), 2015-2024
Table 9: Ghanaian Defense Capital Expenditure (GHS Million & US$ Million), 2015-2024
Table 10: Ghanaian Per-Capita Defense Expenditure (US$), 2015-2024
Table 11: Ghanaian Homeland Security Expenditure (GHS Billion & US$ Million), 2015-2024
Table 12: Benchmarking with Key Markets - 2015-2019 vs. 2020-2024
Table 13: Top 10 Ghanaian Defense Market Sectors by Value (US$ Million) - 2019-2024
Table 14: Competitive Landscape of the Ghanaian Defense Industry
List of Figures
Figure 1: Ghana Defense Budget: 2020 and 2024
Figure 2 : Ghana Defense Imports/Exports: 2013 and 2017
Figure 3 : Ghana’s Prospective Procurements/Developments
Figure 4: Key Challenges in Ghana’s Defense Market
Figure 5: Ghanaian Defense Expenditure (in GHS Billion), 2015-2024
Figure 6: Ghanaian Defense Expenditure (in US$ Million), 2015-2024
Figure 7: Ghanaian GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2015-2024
Figure 8: Ghanaian Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Figure 9: Ghanaian Capital Budget Allocation (GHS Million), 2015-2024
Figure 10: Ghanaian Capital Budget Allocation (US$ Million), 2015-2024
Figure 11:Ghanaian Per-Capita Defense Expenditure (US$), 2015-2024
Figure 12: Ghanaian Homeland Security Budget (GHS Billion), 2015-2024
Figure 13: Ghanaian Homeland Security Budget (US$ Million), 2015-2024
Figure 14: Benchmarking with Key Markets - 2015-2019 vs. 2020-2024
Figure 15: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2019 and 2024
Figure 16: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
Figure 17: Ghanaian Defense Import Trend, 2013-2017 (TIV values)
Figure 18: Ghanaian Defense Imports by Country (US$ Million), 2013-2017
Figure 19: Ghanaian Defense Imports by Weapon Category (%), 2013-2017
Figure 20: Ghana Budgeting Process
Figure 21: Ghana’s GDP per capita (US$), 2015-2025
Figure 22: Ghana’s Gross Domestic Product (current US$ Billion), 2015-2025
Figure 23: Ghana’s Exports of goods and services (LCU Billion), 2005-2014
Figure 24: Ghana’s Imports of goods and services (LCU Billion), 2005-2014
Figure 25: Ghana’s LCU per US$, 2015-2024
Figure 26: Ghana’s Market capitalization of listed companies (US$ Billion), 2005-2012
Figure 27: Ghana’s Market capitalization of listed companies (% GDP), 2005-2012
Figure 28: Ghanaian Government cash surplus/deficit as a % of GDP (LCU), 2005-2011
Figure 29: Ghana’s Goods Exports as a % of GDP, 2005-2013
Figure 30: Ghana’s Goods Imports as a % of GDP, 2005-2013
Figure 31: Ghana’s Services Imports as a % of GDP, 2005-2013
Figure 32: Ghana’s Net Foreign Direct Investment (BoP, current US$ Billion), 2005-2013
Figure 33: Ghana’s Services Exports as a % of GDP, 2005-2013
Figure 34: Ghana’s Net FDI as a percentage of GDP, 2005-2013
Figure 35: Ghana’s Mining, Manufacturing, Utilities Output (LCU Billion) 2005-2014
