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The Ghana 2014 Wealth Report - Product Image

The Ghana 2014 Wealth Report

  • ID: 2819417
  • May 2014
  • Region: Ghana
  • 78 Pages
  • New World Wealth

FEATURED COMPANIES

  • Aston Wealth Management
  • deVere Group
  • Fidelity Bank
  • Guaranty Trust Bank
  • Porsche
  • Stanbic Private Bank
  • MORE

Ghana is one of the fastest growing wealth markets in Africa. This report provides a comprehensive review of the wealth sector in Ghana, including HNWI trends, wealth management trends and luxury trends in the country.

Scope

- Independent market sizing of local HNWIs across five wealth bands.
- HNWI volume, wealth and allocation trends from 2007 to 2013.
- HNWI volume, wealth and allocation forecasts to 2017.
- HNWI and UHNWI asset allocations across 16 asset classes.
- Details on offshore funds and where they are held.
- Demographics including age, gender, city and sector breakdowns of HNWIs.
- Review of local wealth management industry.
- Review of local luxury and collectables industry.
- Insights into the drivers of HNWI wealth.

Key Highlights

- Ghana is one of the fastest growing wealth markets in Africa with HNWI numbers rising by 56% between 2007 and 2013 and by over 400% since 2000.
- At the end of 2013, Ghanaian HNWIs held 24% (US$2.4 billion) of their wealth abroad compared to 36% in 2007.
- Financial Services is the main industry from which Ghana's HNWIs have acquired their wealth – it is the primary source of wealth for 24% of HNWIs. Other important industries for HNWIs include real estate and construction (16%), FMCG (13%) and basic materials (10%).
- There are no full service private banking offices in Ghana. However there are a number of banks that offer services for affluent customers including GT Bank, Stanbic and Fidelity Bank.
- Porsche is the only luxury car brand with a dealership in Ghana. It opened in Accra in 2012.

FEATURED COMPANIES

  • Aston Wealth Management
  • deVere Group
  • Fidelity Bank
  • Guaranty Trust Bank
  • Porsche
  • Stanbic Private Bank
  • MORE

1 Introduction

2 Executive Summary

3.1 Political Background to Ghana
3.2 Economic Background to Ghana
3.3 Benchmarking Ghana's Wealth in Context
3.3.1 World statistics
3.3.2 Distribution of wealth in Ghana
3.3.3 HNWI volume and wealth trends

4.1 Trends in HNWI Wealth to 2017
4.1.1 HNWI trend analysis
4.1.2 Trends of the wealth bands
4.1.3 HNWIs - Age & Gender distribution
4.1.4 HNWIs – Breakdown by city
4.1.5 HNWIs – Affluent Neighborhoods & Suburbs
4.1.6 HNWIs – Population densities
4.1.1 HNWIs – Industry breakdown
4.2 UHNWIs
4.2.1 UHNWI volume trend analysis
4.2.2 UHNWI wealth trend analysis
4.3 Top UHNWIs
4.4 Core HNWIs
4.4.1 Core HNWI volume trend analysis
4.4.2 Core HNWI wealth trend analysis

5.1 Analysis by Asset Class
5.1.1 Trends in alternative assets
5.1.2 Trends in “art, wine and wheels”
5.1.3 Trends of investments in real estate
5.1.4 Trends of investments in cash and deposits
5.1.5 Trends of investments in fixed income
5.1.6 Trends of investments in equity
5.1.7 Trends of investments in business interests
5.2 Analysis of Foreign Investments
5.2.1 Investments in Europe
5.2.2 Investments in North America (including Caribbean & Bermuda)
5.2.3 Investments in Africa
5.3 Alternative Breakdown: Liquid vs. Investable Assets
5.4 Analysis of Ghanaian UHNWI investments

6.1 Private Banks
6.2 Wealth Advisors
6.3 Family offices
6.4 Wealth Management Industry – Clientele Model and Maturity
6.5 Behavioral Mapping of Wealth Management Industry in Ghana

7.1 Luxury Cars
7.2 Luxury Brand Stores
7.3 Luxury Hotels
7.4 Luxury Food Stores

8.1 Regulations
8.2 Key Economic Trends and Drivers
8.2.1 LC to USD exchange rate
8.2.2 Real GDP growth
8.2.3 GDP per capita
8.2.4 Domestic market capitalization
8.2.5 Housing price indices
8.2.6 Commodity index
8.2.7 Inflation rate
8.2.8 Interest rate
8.2.9 Stock market performance
8.3 Wealth breakdowns

LIST OF TABLES

Table 1: HNWI wealth band and group definitions
Table 2: Largest cities in Ghana by population, 2013
Table 3: Regions of Ghana by population, 2013
Table 4: HNWIs – Volume Distribution Wealth Pyramid, 2013
Table 5: HNWIs – Wealth Distribution Wealth Pyramid (% share), 2013
Table 6: HNWIs – Top Ghanaian Cities for millionaires, 2013
Table 7: HNWIs – HNWI Population Density in Major Cities, 2013
Table 8: UHNWI List, 2013
Table 9: HNWIs – Allocations of HNWI Assets (%), 2007-2017
Table 10: HNWIs – HNWI Holdings Growth (%), 2007–2017
Table 11: HNWIs – Allocations of HNWI Assets (US$ billion), 2007-2017
Table 12: HNWIs – Trends of Investments in Alternative Assets (% growth), 2007–2017
Table 13: HNWIs – Alternative Asset Composition (%), 2007–2017
Table 14: Global: Trends in Art, Wine and Wheels, 2007 - 2013
Table 15: Global: Prime Residential Real Estate Prices (US$ per square meter), 2013
Table 16: Global: Prime International Cities Performance (%), 2007–2013
Table 17: HNWIs – % Foreign allocation, 2007–2017
Table 18: HNWIs – Liquidity Breakdown (%), 2007–2017
Table 19: HNWIs – Liquidity Breakdown (US$ Billion), 2007–2017
Table 20: UHNWIs – Allocations and Share of HNWI Assets, 2013
Table 21: Private banking in Ghana, 2013
Table 22: Wealth Advisors in Ghana, 2013
Table 23: LC to USD Exchange Rate, 2007–2017
Table 24: Real GDP Growth, 2007–2017
Table 25: GDP Per Capita, 2007–2017
Table 26: Domestic Market Capitalization, 2007 - 2013
Table 27: Housing Price Index (US$ terms), 2007–2013
Table 28: Commodity Indices, 2007–2017
Table 29: Inflation rate, 2007–2017
Table 30: Interest Rate, 2007–2017
Table 31: Stock Market Performance (US$ terms), 2007–2013
Table 32: HNWI Wealth to GDP Ratio, 2007–2017
Table 33: Appendix One
Table 34: Appendix Two

LIST OF FIGURES

Figure 1: Map of Ghana
Figure 2: Asset Price Performance (US$ terms), 2007–2013
Figure 3: Ghanaian HNWI Performance, 2007–2017
Figure 4: HNWIs – Ghana vs The World, 2007–2017
Figure 5: HNWIs – Growth Factor Correlation, 2007–2013
Figure 6: HNWIs – Volume Distribution Wealth Pyramid, 2013
Figure 7: HNWIs – Wealth Distribution Wealth Pyramid (% share), 2013
Figure 8: HNWIs – Age Distribution, 2013
Figure 9: HNWIs – Distribution by Industry, 2013
Figure 10: UHNWIs – Wealth Share Vs Volume Growth, 2007–2013
Figure 11: UHNWIs – Volume by Wealth Band, 2007–2017
Figure 12: UHNWIs – Wealth by Wealth Band (in US$ billion), 2007–2017
Figure 13: HNWIs – Asset Class Composition, 2007–2017
Figure 14: HNWIs – Trends of Investments in Alternative Assets (in US$ billion), 2007–2017
Figure 15: Global: Trends in Art, Wine and Wheels, 2007 - 2013
Figure 16: HNWIs – Foreign Investment Allocation and Growth by Asset Class (%), 2013–2017
Figure 17: HNWIs – Global Distribution of Foreign Investments, 2007–2017
Figure 18: HNWIs – Liquidity Breakdown (%), 2007–2017
Figure 19: UHNWIs – Asset Class Composition, 2007–2017
Figure 20: Global: Wealth Management Industry Pyramid
Figure 21: Ghanaian Wealth Management Industry – Behavioral Mapping, 2013
Figure 22: LC to USD Exchange Rate, 2007–2017
Figure 23: Real GDP Growth (%), 2007–2017
Figure 24: GDP Per Capita, 2007–2017
Figure 25: Domestic Market Capitalization, 2007 - 2013
Figure 26: Housing Price Index (US$ terms), 2007–2013
Figure 27: Commodity Indices, 2007–2017
Figure 28: Inflation rate, 2007–2017
Figure 29: Interest Rate, 2007–2017
Figure 30: Stock Market Performance (US$ terms), 2007–2013
Figure 31: HNWI Wealth vs GDP Ratio, 2007–2017
Figure 32: HNWIs – Volume by Wealth Band, 2007–2017
Figure 33: HNWIs – Wealth by Wealth Band (in US$ Billion), 2007–2017
Figure 34: HNWIs – Per Capita Net Worth (US$ million), 2007–2017

- Aston Wealth Management
- deVere Group
- Fidelity Bank
- Guaranty Trust Bank
- Porsche
- Stanbic Private Bank

Note: Product cover images may vary from those shown

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