BMI View: Modern retail continues to slowly push ahead in Ghana. In addition to several new malls that
have opened in Accra since 2013, two more will open in Kumasi in 2017, expanding the total available real
estate stock - crucial for new brands to either grow or ent ..."
BMI View: Ghana's retail market is still highly underdeveloped, thus offering a lot of untapped potential
across the sector. However, the country's economic growth continues suffering from low global commodity
prices and tight fiscal policy. Despite rapid income growt ..."
BMI View: We expect to see an uptick in Ghana's real GDP growth in 2016, coming in at 4.9%, marking
the beginning of the country's recovery after a couple of difficult years. Inflation will remain high but,
forecast at 15.5%, will be lower than last year. We also expe ..."
BMI View: Ghanaian households are projected to enjoy a robust growth of nominal incomes in the
medium term. However, high inflation and a weak cedi will negatively impact real income gains and
consumer confidence. Even with low unemployment rate and expanding househol ..."
BMI View: The average household spending is still low, which limits the amount of customers can
purchase, particularly of non-essential luxury goods. However there is a slowly emerging middle class
emerging in the urban areas in the south of the region centred around ..."
BMI View: Ghana currently enjoys a booming economy that is ranked among one of Africa's strongest.
This country's positive economic performance will support steady growth in household spending, which we
expect to average a respectable 6.81% over our forecast period. T ..."