Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: We believe that the Ghanaian cocoa sector will post reasonably strong growth throughout our
forecast period to 2019/20. High cocoa prices will encourage production, while the government has
pledged schemes in order to encourage yield growth. However, a significant portion of the growth will be
due to base effects. We also see long-term opportunities (but also significant structural challenges) in the
Ghanaian palm oil sector.
Key BMI Forecasts
? Cocoa production growth 2014/15 to 2019/20: 9% to 853,000 tonnes. While much of this growth will
be due to base effects, the government has committed to supplying free inputs and improving
infrastructure, while Cocobod has reformed its cocoa payment price.
? 2016 real GDP growth: 4.2% (up from an estimated 3.4% in 2015).
? 2016 consumer price inflation (ave): 17.9% (down from an estimated 17.1% in 2015).