Key Market Indicators
Ghana's defence expenditure is projected to climb to approximately $235 million by 2028, marking a gradual increase from around $231 million in 2023. This represents an average annual growth rate of 0.3%. Since 1965, Ghana's defence spending has seen a yearly increase of 1.1%. In 2023, Ghana ranked 110th globally in defence expenditure, with Mauritania surpassing it at the same spending level of about $231 million. On the global stage, China, Russia, and India secured the second, third, and fourth positions, respectively, in defence spending rankings.
