Ghana Autos Report Q3 2012

  • ID: 2137529
  • May 2012
  • Region: Ghana
  • 35 Pages
  • Business Monitor International
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Ghana Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Ghana's automotive industry.

The first signs of BMI's view that the Ghanaian economy will enjoy stellar economic growth over the medium term, propelled by the nascent oil & gas sector, were visible in data released for 2011, which showed GDP growth of 16.8% in Q311 and 16.0% in Q411. For the autos sector, this translated into light vehicle sales of 9,177 units, according to data reported by Renault. This year-on-year (y-o-y) growth of 43% surpassed even our own upbeat projection of 30% growth, based on the sector's impressive expansion to date. Despite the country's small size, Ghana's autos market has grown rapidly in recent years owing to economic growth and a developing middle class.

We expect this momentum to be sustained in 2012, when our Africa team's forecast for GDP growth of 7.9% should contribute to 28% growth in vehicle sales, to 11,774 units. In addition to increasing personal spending power, we believe government-led schemes, such as re-equipping READ MORE >

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Executive Summary

SWOT Analysis
Ghana Autos SWOT
Ghana Political SWOT
Ghana Economic SWOT
Ghana Business Environment

Global Overview
Global Autos Update: End Of First Quarter Brings Both Positive And Negative Revisions As Key Trends
Table: Passenger Car Sales (Units), Jan-March 2012

Regional Market Overview
Currency And Security Issues See European Imports Winning Out

Industry Risk/Reward Ratings
South Africa Leads New BMI Ratings
Table: Sub-Saharan Africa Autos Risk/Reward Ratings

Macroeconomic Forecast Scenario
Expenditure Breakdown
Table: Ghana - Economic Activity

Industry Forecast Scenario
Table: Ghana Automotives Historical Data & Forecasts

Competitive Landscape
Market Overview
Latest Developments
Used Car Segment
Company Developments

Company Monitor
Incentive Programme Fuels GM Regional Expansion

Company Profile
Nissan Ghana (Auto Parts Ltd)
Toyota Ghana

BMI Methodology
How We Generate Our Industry Forecasts

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- Nissan Ghana (Auto Parts Ltd)
- Toyota Ghana

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Our Clients

  • TRW Automotive
  • Johnson Controls, Inc.
  • Valeo
  • Volvo Car Corporation
  • Lear Corporation
  • General Motors Company