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|Ghana cement market (2013 update)|
The recent history of Ghana brought fresh opportunities for companies operating in the country. After the frantic push to start up oil production in the fourth quarter of 2010, the economy registered an impressive boom the following year. However, the economy started to decline in 2012 when the elevated public sector wage bill and increased election spending proved to be detrimental to the balancing of the budget. The less favorable environment is expected to turn for the best in the second half of 2013 as the Ghanaian government intensifies its efforts to modernize the country's infrastructure and to enhance its power potential. Ghana is also in need of 1.7 million housing units in order to level out its enormous housing deficit.
The CW Group Research report provides an in-depth and data-oriented analysis of the economy, construction and cement market in Ghana. The SWOT analysis concludes on the most pressing weaknesses of the country, but also emphasizes the enormous potential of the country, especially in the light of its transformation into a regional cement grinding and/or importing hub for its neighbors. The forecast through 2017 offers cement stakeholders with the most important analytics, including cement consumption, but also cement capacity expansions planned or underway.