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The economy of Ghana experienced a moderate growth during the last decade. The country is likely to experience good growth and reach an estimated $70.4 billion by 2018. The service and the manufacturing sectors are the two major contributors to Ghana’s GDP. Being the major source of income for the economy, the service sector

made maximum contribution to the total GDP in 2012. In this sector, wholesale and retail, finance and insurance, information and communication, transport, and real estate and renting industries have emerged as the major contributors.
Lucintel, a leading global management consulting and market research firm, has conducted a detailed analysis on the political, economic, social, technological, legal, and environmental risks associated with the country and presents its findings in “PESTLE Analysis of Ghana 2013”. This report gives the insightful SWOT Analysis of Ghana. This report helps investors to easily understand the strengths, weaknesses, opportunities, and threats of Ghana’s economy.
Lucintel report also discusses the challenges that the economy is likely to face. In spite of its significance, Ghana is lagging behind the other African countries as well as other developed countries such as the US, both in R&D investment as well as a number of scientific researches. Ghana’s major environmental problems include water pollution, soil erosion, industrial pollution, and deforestation. These issues basically stem from poor farming practices, rapid urbanization, and steady rise of petroleum refining wastes.
The report also anticipates the key drivers. Geostrategic location of Ghana adds an edge to the economy. It is located in the Western Africa and provides easy access and proximity to potential markets such as ECOWAS (Economic Community of West African States). It helps in boosting international trade. Prudent fiscal policy management and effective monetary policy (low inflation rate, moderate foreign exchange reserves, and low interest rates) help in the growth of Ghana’s economy.
Although the country faces a deficit in its current account, significant capital and financial account surpluses make Ghana less vulnerable to a BOP crisis in near future. The balance of payment is expected to be surplus and encourage stability of the exchange rate in the country. This surplus is expected to be derived from significant capital account surplus which has been sufficient in the recent years to finance the current account deficit. In the coming years, BOP is further expected to witness a positive balance.
Strong financial ability has been one of the major strengths of the economy in the recent years. Despite the adverse effects of the European debt crisis, Ghana has been able to maintain significant amount of capital account surpluses. Exports and imports have been on the rise in recent years. Mining, financial, telecommunications, and business service are the key performing sectors in the economy. Nigeria, India, Britain, the US, Germany, and Mauritius are the leading sources of foreign investments in the country. 
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market. 
Some of the features of this report:
  • Trend and forecast for key macroeconomic variables that are useful to make major investment decision
  • Analysis on economic activity, investment environment, and trade structure of the country
  • Major industries in Ghana and its contribution to GPD
  • Trends in savings, investments, and consumptions 
  • Analysis of Political, Economic, Social, Technological, Legal, and Environmental scenarios as well as their impact on different industries
  • Analyses on geographical importance and social structure such as labor quality
  • Strength, Weakness, Opportunity, and Threat (SWOT) analysis of  Ghana
  • More than 25 figures/charts and 13 tables are provided in this roughly 65-page report
Benefits of a Lucintel Report:
Lucintel’s core competency is in market research and management consulting. In the last 14 years, Lucintel has worked on hundreds of market and economic research studies. Lucintel’s market reports offer the following benefits:
  • Enhance your global growth strategy with key economic and potential industry analysis
  • Fine-tune your business expansion planning and market development with analysis of domestic demand analysis and demographics structure analysis
  • Explore business opportunities with the analysis of leading industry, potential sector analysis and by understanding strength,  weakness, opportunity, and threat  of the country
  • Know the business environment of the country using report’s PESTLE analysis and their impact on industry. Also included is Foreign Direct Investment and Trade structure analysis
Table of Contents
1. Executive Summary
2. Ghana Political Analysis
2.1: Structure and stability of government
2.2: Government policy agenda
2.2.1: Political agenda
3. Ghana Economic Analysis
3.1: Sectoral contribution to GDP and real GDP growth rate
3.2: Pricing trends - inflation and interest rates
3.3: Consumption, saving, and investment trends
3.4: International trade and its contribution to GDP
3.5: Foreign direct investment by industry
4. Ghana Economic and Business Risk Analysis
4.1: Risk in financial sector
4.1.1: Risk in current account balance
4.1.2: Risk in balance of payment (BOP)
4.1.3: External debt and default risk
4.1.4: Risk in foreign exchange reserves and exchange rate
5. Ghana Social Analysis
5.1: Social and demographic analysis
5.2: Labor Market
5.3: Social development index
6. Ghana R&D and Technological Factors
6.1: R&D expenditure in Ghana
6.2: Impact of technology in industry
6.3: Technology policy
7. Ghana Legal Analysis
7.1: Corporate law
7.2: Tax law
7.3: Recent economic policies
7.4: Doing business in Ghana 2013
8. Ghana Environment Analysis
8.1: Government action on environmental issues
9.  Ghana SWOT Analysis
List of Figures
Chapter 3. Ghana Economic Analysis
Figure 3.1: Regional economic scenarios
Figure 3.2: Trend of real GDP growth rate
Figure 3.3: Future economic growth scenario of Ghana
Figure 3.4: Trend of per capita income
Figure 3.5: GDP sectoral contribution
Figure 3.6: Share of different sectors in GDP
Figure 3.7: Trend of leading industries in Ghana
Figure 3.8: Annual trend of inflation and interest rates
Figure 3.9: Trend of savings and investments as percentage of GDP
Figure 3.10: Trend of consumption expenditure as percentage of GDP
Figure 3.11: Trend of Ghana’s international trade
Figure 3.12: Trend of exports and imports as percentage of GDP
Figure 3.13: Foreign direct investment by industry
Chapter 4 Ghana Economic and Business Risk Analysis 
Figure 4.1: Trend of current account balance and as percentage of GDP
Figure 4.2: Terms of trade of Ghana
Figure 4.3: Trend of balance of payment
Figure 4.4: Trend of gross government debt and as percentage of GDP
Figure 4.5: Trend of foreign exchange reserves and exchange rate
Chapter 5. Ghana Social Analysis
Figure 5.1: Political map of Ghana
Figure 5.2: Trend of population and population growth rate in Ghana
Figure 5.3: Population age structure
Chapter 6. Ghana R&D and Technological Factor
Figure 6.1: Trend of R&D expenditure in Ghana
List of Tables
Chapter 1. Executive Summary
Table 1.1: Factors affecting business in Ghana
Chapter 2. Ghana Political Analysis
Table 2.1: Political factors and their impact on business
Chapter 3. Ghana Economic Analysis 
Table 3.1: Factors affecting industry growth FDI limits by industry
Table 3.2: Economic factors and their impact on business
Table 3.3: Economic insights of Ghana
Chapter 4. Ghana Economic and Business Risk Analysis 
Table 4.1: Credit rating of countries by Moody's, Fitch, and S&P 
Table 4.2: Economic risk factors and their impact on business
Chapter 5. Ghana Social Analysis 
Table 5.1: Corruption, GINI, Homicide, and Human Development Index
Table 5.2: Social factors and their impact on business
Chapter 6. Ghana R&D and Technological Factors 
Table 6.1: Technological factors and their impact on business
Chapter 7. Ghana Legal Analysis 
Table 7.1: Tax rates for taxpayers in Ghana 2012
Table 7.2: Indicators for starting business
Table 7.3: Ranking in 2013 for ease of doing business
Table 7.4: Legal factors and their impact on business
Chapter 8. Ghana Environment Analysis
Table 8.1: Environmental factors and their impact on business

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More than 25 figures/charts and 13 tables are provided in this roughly 65-page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.