Dec 20, 2017   SOURCE: BusinessWire

Ghanaian Defense Industry Report 2017 - Market Attractiveness, Competitive Landscape and Forecasts to 2022 - Research and Markets

The "Future of the Ghanaian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022" report has been added to Research and Markets' offering.

Ghanaian defense budget, valued at about US$188 Million in 2017, registered a CAGR of around -9% during the historic period. The decrease in budget during the historic period is primarily due to an about -50% decline in exchange rate. However, in local currency terms, it reflected a steady growth. The country's military is currently faced with a huge challenge to prevent the spread of pro-Islamic insurgent group Boko Haram within the country.

Ghanaian homeland security expenditure decreased from over US$400 Million in 2013 to about US$360 Million in 2017, registering a CAGR of around -2.8% during the historic period. Threats from the increasing influence of terrorist groups such as Al-Qaeda in the Islamic Maghreb (AQIM), and Boko Haram, coupled with increased drug trafficking are expected to drive focus on homeland security expenditure over the forecast period.

Majority of the country's imports consist of aircrafts and armored vehicles. In September 2015, Ghana's Air Force took delivery of four units of Harbin Z-9EH utility helicopters from China and in December 2015, it decided to expand its fleet of Super Tucano A-29 turboprop trainer and multirole light attack aircraft by adding four more units.

Country is expected to allocate a relatively low of about US$230 Million to defense expenditure in 2018, which acts as a barrier to foreign operators aiming to supply defense equipment to Ghana's Ministry of Defense (MoD). Corruption, which may result in the unfair allocation of contracts, can also limit market entry.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

4. Defense Procurement Market Dynamics

5. Industry Dynamics

6. Market Entry Strategy

7. Competitive Landscape and Strategic Insights

8. Business Environment and Country Risk

9. Appendix

Companies Mentioned

  • Defence Industrial Holding Company Limited (DIHOC)

For more information about this report visit https://www.researchandmarkets.com/research/rwbrp4/ghanaian_defense?w=4