1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Market Trends
Country Report Ghana August 2017

Country Report Ghana August 2017

  • August 2017
  • ID: 270242
  • Format: PDF
  • The Economist Intelligence Unit


Table of Contents

Search Inside

Outlook for 2017-21

  • Ghana's overall political stability is not in question, but the fiercely contested political landscape will cause significant tension between the ruling New Patriotic Party (NPP) and the opposition National Democratic Congress.
  • The NPP came to power in early 2017, pledging an ambitious industrialisation programme. However, these plans will proceed more slowly than planned, given a tight fiscal position and the need to preserve debt sustainability.
  • Real GDP growth will be boosted to an average of 6.5% a year in 2017-18 by new oil and gas production, and remain robust in 2019-21, averaging 5.4%, on the back of greater power reliability and an improving business environment.
  • Inflation will decline but remain in double digits into 2018 amid accommodative monetary policy and rising domestic demand. After an election-related uptick in 2020, inflation will ease in 2021.
  • The cedi will remain prone to periods of volatility, given a dependence on commodity exports for hard-currency earnings and changing trends in investor sentiment to emerging markets.
  • The current-account deficit will narrow as a proportion of GDP throughout 2017-21 as new oil output comes on stream. However, rising profit remittances and strengthening import demand will prevent a move into surplus.


  • Opposition parties and civil society groups have called for corrective action in the face of a claimed breakdown in law and order. The claims are exaggerated, but there has been an increase in politically motivated unrest.
  • Ghana's vice-president, Mahamudu Bawumia, led a high-profile delegation for a week's visit to China in late June. On their return Ghanaian officials claimed to have secured up to US$19bn in Chinese commitments.
  • The president and the Ministry of Finance have given seemingly contradictory statements over how quickly Ghana can end its current extended credit facility (ECF) with the IMF.
  • The Bank of Ghana (BoG, the central bank) has cuts its policy rate by 150 basis points, to 21%, as inflation continues to trend downward. However, in the local banking sector non-performing loans are still increasing.
  • Oil production has commenced from the offshore Sankofa project. Its production capacity of up to 50,000 barrels/day (b/d) has the potential to increase Ghana's total capacity above 200,000 b/d in the coming years.
  • A fatal mine collapse at the start of July has prompted the government to promise tougher action in the ongoing clampdown against illegal small-scale gold mining.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Local Specialized Freight Trucking in the US - Industry Market Research Report

  • $ 1020
  • November 2020
  • 53 pages

In transit: Rebound diesel fuel prices will likely bolster industry revenue Abstract Local Specialized Freight Trucking in the US The Local Specialized Freight Trucking industry, which transports oil, ...

  • United States
  • World
  • Trucking
  • Transportation
  • Industry analysis
  • Crude Oil Price
  • Household Consumption Expenditure


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on