• Latest
  • Trending
  • All
Ghana ranked best trade, and investment hub in West Africa – Fitch Solutions

Ghana ranked best trade, and investment hub in West Africa – Fitch Solutions

June 2, 2022
SPEECH BY HON. ALAN JOHN KWADWO KYEREMATEN PRESIDENTIAL CANDIDATE FOR THE DECEMBER 2024 GENERAL ELECTIONS AT MOVENPICK AMBASSADOR HOTEL, ACCRA ON MONDAY, 25TH SEPT. 2023

SPEECH BY HON. ALAN JOHN KWADWO KYEREMATEN PRESIDENTIAL CANDIDATE FOR THE DECEMBER 2024 GENERAL ELECTIONS AT MOVENPICK AMBASSADOR HOTEL, ACCRA ON MONDAY, 25TH SEPT. 2023

September 25, 2023
OPEN LETTER TO ALAN KYEREMATEN

OPEN LETTER TO ALAN KYEREMATEN

September 25, 2023

ALAN KYEREMATEN WITHDRAWS FROM NPP FLAGBEARERSHIP RACE

September 5, 2023

NPP calls off Saturday run-off

August 31, 2023

Flagbearer Election: 4th Nov. Is Going To Be ‘All Die Be Die’ – Alan’s Deputy Comms. Director Warns

August 31, 2023

NATIONAL COUNCIL OF THE NEW PATRIOTIC PARTY TO VOTE ON SATURDAY TO BREAK THE TIE IN THE SPECIAL ELECTORAL COLLEGE ELECTIONS

August 31, 2023

Team Alan can’t trust police, it’ll provide its own security on Nov. 4 – Solomon Owusu

August 31, 2023

Bawumia Bought his Victory in Super Delegates Elections – Amoako Baah Opines

August 31, 2023

I won’t tolerate attacks on my supporters – Alan

August 31, 2023

We’ve been taught the hard way, we’ll be ready for November 4 – Richard Nyamah

August 31, 2023

Party and Presidential Election Committee Leadership Should Annul the North East Results to Ensure the Sanctity of the Nov 4 Presidential Aspirants Elections

August 31, 2023

Alan decries violence in NPP internal elections; as he visits victim in hospital

August 29, 2023
  • Alan’s Profile
  • Endorsements
  • Documents
  • Gallery
Monday, October 2, 2023
  • Login
THE ALAN NEWS
  • Home
  • General News
    • NPP News
    • Alan TV
    • Pro Alan Groups
  • 1D1F News
  • Projects
    • Wear Ghana
  • Download App
No Result
View All Result
THE ALAN NEWS
No Result
View All Result
Home General News

Ghana ranked best trade, and investment hub in West Africa – Fitch Solutions

by THE ALAN NEWS
June 2, 2022
in General News
0
Ghana ranked best trade, and investment hub in West Africa – Fitch Solutions
497
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Ghana place first out of 16 West Africa countries in Fitch Solutions Operational Risk Index rating.

According to the research by Fitch, Ghana scored 50.9 out of 100 in trade and investment. Ghana outperformed the West Africa average of 36.4 and ranks in a competitive 2nd position regionally, and in 88th place out of 201 markets globally.

The reports also noted that with a Crime and Security Risk score of 51 out of 100 Ghana outperformed the West Africa average of 33.3 and ranks in 1st place regionally and in 90th place out of 201 markets globally.

Read the full report below:

Lower Public Investment To Slow Down Ghana Construction Industry Growth

Key View

• We forecast Ghana’s construction industry to grow by 4.1% y-o-y in 2022, a slowdown compared to the estimated growth of 5.7% y-o-y in 2021. Ghana’s infrastructure construction industry is unlikely to benefit from higher oil and gold prices, as we expect that increased public revenues will be channelled towards debt servicing and Ghana’s high public wage bill rather than capital projects.

• We expect that a substantial depreciation of the cedi against the US dollar in 2022 will, in the near term, make private sector investors more reluctant to invest in Ghana’s infrastructure and construction sector and offset the adverse impact of subdued public infrastructure spending on the market’s construction industry growth.

We forecast Ghana’s construction industry to grow by 4.1% y-o-y in 2022, a slowdown compared to the estimated growth of 5.7% y-o-y in 2021. Unlike in other markets, Ghana’s infrastructure construction industry is unlikely to benefit from higher oil and gold prices, as we expect that increased public revenues will be channelled towards debt servicing and Ghana’s high public wage bill rather than capital projects, as Ghana’s access to international capital markets will be constrained in the near term.

Accordingly, we forecast government capital expenditure to shrink to 3.3% y-o-y of GDP in 2022 and 2.9% y-o-y of GDP in 2023, down from 3.7% y-o-y in 2021. While this puts capital expenditure levels above those in 2018-2020, when Ghana’s construction industry growth averaged -0.1% per year, it remains below the comparatively high annual average levels of 4% of GDP between 2010 and 2017, which enabled the construction industry growth rates averaging 8.1% per year.

In 2023, we forecast Ghana’s construction industry growth to accelerate slightly as we forecast the depreciation of the Cedi against the USD to slow down to 4.6% y-o-y.

Generally, this will reduce revenue risks for foreign investors, while lower inflation will improve demand for residential and non-residential construction.

However, Ghana’s access to international capital markets will remain constrained and will continue to weigh on public infrastructure spending as well as the market’s construction industry growth.

Muted Public Spending Limits Construction Growth

Ghana – Government Capital Expenditure, % of GDP; Construction Industry Value, real growth, % y-o-y

Despite the market’s strong fundamentals, including a track record of private investment in energy infrastructure, comparatively high political stability and security, and a relatively diverse competitive landscape, we expect that a substantial depreciation of the cedi against the USD in 2022 will, in the near term, make private investors more reluctant to invest in Ghana’s infrastructure sector.

We, thus, do not expect that private investment will meaningfully cushion the negative impact of subdued public infrastructure spending on the market’s construction industry growth. We forecast that in 2022, the Ghana cedi will depreciate by 22.7% against the USD, significantly increasing revenue risks for the foreign investors that rely on expatriation of revenues.

Economic Openness Boosts Operating Environment In Ghana

Ghana & Regional Average – Trade & Investment Risk

Note: Scores out of 100; higher score = more attractive market. Source: Fitch Solutions Trade and Investment Risk Index

At the same time, Ghana ranks in first place out of the 16 West African markets included in our proprietary Fitch Solutions Operational Risk Index.

With a Trade and Investment Risk score of 50.9 out of 100, Ghana outperforms the West Africa average of 36.4 and ranks in a competitive 2nd position regionally, and in 88th place out of 201 markets globally.

Similarly, with a Crime and Security Risk score of 51 out of 100 Ghana outperforms the West Africa average of 33.3 and ranks in 1st place regionally and in 90th place out of 201 markets globally.

 

Source: Evans Effah (Editor, Pulse.com.gh)

 

 

 

 

 

Tags: GHANA
Share199Tweet124Share50
THE ALAN NEWS

THE ALAN NEWS

  • Trending
  • Comments
  • Latest
Press Statement by Alan Kyerematen

Press Statement by Alan Kyerematen

August 28, 2023
PRESS CONFERENCE HELD ON MONDAY, AUGUST 21, 2023, BY THE  NEW PATRIOTIC PARTY PRESIDENTIAL ELECTIONS COMMITTEE  AT THE PARTY HEADQUARTERS, ASYLUM DOWN, ACCRA

PRESS CONFERENCE HELD ON MONDAY, AUGUST 21, 2023, BY THE NEW PATRIOTIC PARTY PRESIDENTIAL ELECTIONS COMMITTEE AT THE PARTY HEADQUARTERS, ASYLUM DOWN, ACCRA

August 21, 2023

Africa Leaders are Relying On Alan’s Vision For Change – Owusu Afriyie

August 25, 2023
Gallery

Addressing The Misconceptions About ‘Alan Cash’

28

Alan John Kyerematen

0
Trade Ministry calls for public recommendations on automation of state institutions

Alan’s Agenda Of Job Creation For All – 1D1F THE GAME CHANGER

0
SPEECH BY HON. ALAN JOHN KWADWO KYEREMATEN PRESIDENTIAL CANDIDATE FOR THE DECEMBER 2024 GENERAL ELECTIONS AT MOVENPICK AMBASSADOR HOTEL, ACCRA ON MONDAY, 25TH SEPT. 2023

SPEECH BY HON. ALAN JOHN KWADWO KYEREMATEN PRESIDENTIAL CANDIDATE FOR THE DECEMBER 2024 GENERAL ELECTIONS AT MOVENPICK AMBASSADOR HOTEL, ACCRA ON MONDAY, 25TH SEPT. 2023

September 25, 2023
OPEN LETTER TO ALAN KYEREMATEN

OPEN LETTER TO ALAN KYEREMATEN

September 25, 2023

ALAN KYEREMATEN WITHDRAWS FROM NPP FLAGBEARERSHIP RACE

September 5, 2023
THE ALAN NEWS

Copyright © 2022 The Alan News

Navigate Site

  • Alan’s Profile
  • Endorsements
  • Documents
  • Gallery

Follow Us

No Result
View All Result
  • Home
  • General News
    • NPP News
    • Alan TV
    • Pro Alan Groups
  • 1D1F News
  • Projects
    • Wear Ghana
  • Download App

Copyright © 2022 The Alan News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In