Business Monitor International


Ghana Infrastructure Report

Published 10 June 2014

  • 95 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Ghana Infrastructure Report

BMI View: We have marginally revised up Ghana's construction industry real growth forecast over 2014 and 2015 given strong momentum in the industry and a decrease in extremely high inflation levels seen in H2 13. We now expect growth to average about 1% higher, at 11.5% and 12.4% in 2014 and 2015 respectively. Strong growth is supported by the government's drive to address transport, housing and utility shortages. Funding from oil revenues will support investment into social and economic infrastructure projects , whil e a newly established Ghana Infrastructure Fund hopes to facilitate private sector investment, in tandem with public-private partnership s ( PPP ) .

Growth in Ghana's construction sector in 2013 was in line with our expectations at 8.6%. Stronger growth was reported in H213, while inflation dropped off substantially to average 20% for the year, compared to 30% for H113. As such, we have marginally increased our 2014 and 2015 growth outlook to reflect an easing of inflation and strong momentum through major infrastructure projects. Major investment planned across the power, water, transport and housing sectors will drive construction sector growth over our five year forecast period (2014-2018), to average 9.3% y-o-y.

While the country has struggled with not having a concerted plan to develop infrastructure, which has led to an inconsistent build-up, plans to establish the Ghana Infrastructure Fund in the 2014 budget should help consolidate infrastructure development. The fund will aim to leverage private sector funding, through public-private partnerships, to develop infrastructure. In January 2014 a committee was established to oversee the creation of the fund. There have been some concerns in delays to establishing the fund. However, money is now being allocated to the fund. The Ghana Infrastructure Fund will complement public funding, to achieve the government's goal of improving the country's infrastructure.

Key Growth Sectors

Table of Contents

BMI Industry View
5
SWOT
7
Infrastructure SWOT
7
Industry Forecast
9
Construction And Infrastructure Forecast Scenario
9
Table: Construction And Infrastructure Industry Data (Ghana 2012-2017)
9
Table: Construction And Infrastructure Industry Data (Ghana 2018-2023)
9
Transport Infrastructure - Outlook And Overview
17
Table: West Africa: Major Transport Projects
25
Energy And Utilities Infrastructure - Outlook And Overview
31
Table: West Africa: Major Energy & Utilities Projects
38
Residential/Non-Residential Building - Outlook And Overview
42
Table: Residential/Non-Residential Major Projects
44
Industry Risk Reward Ratings
47
Ghana - Infrastructure Risk/Reward Ratings
47
Rewards
47
Risks
47
Sub-Saharan Africa - Infrastructure Risk/Reward Ratings
49
Table: Sub-Saharan Africa Infrastructure Risk/Reward Ratings
58
Market Overview
59
Competitive Landscape
59
Table: Number Of Contractors In West Africa, By Domicile, 2011
59
Table: West Africa: Planned And Recent Eurobonds
64
Global Industry Overview
66
Middle East/North Africa Presents Strongest Investment Profile
66
Methodology
72
Industry Forecast Methodology
72
Sector-Specific Methodology
73
Risk/Reward Rating Methodology
77
Sector-Specific Methodology
78
Table: Infrastructure Risk/Reward Rating Indicators
78
Table: Weighting Of Indicators
79

The Ghana Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Ghana Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Ghanaian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Ghana to test other views - a key input for successful budgetary and planning in the Ghanaian infrastructure market.
  • Target business opportunities and risks in the Ghanaian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Ghana.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Rankings

BMI's Infrastructure Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc