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Ghana Food and Drink Report Q2 2017

BMI View: We maintain a positive outlook for Ghana's food and drink sector over our forecast period which will be supported by a positive economic outlook and improving consumer fundamentals. We expect strong sales growth of packaged staple goods over our forecast period as the number of households in the USD5, 000+ income brackets more than doubles. We expect rapid expansion in the formal food retailing sector to also foster growth in food and drink sales over this period. However, we do note, due to low income levels in Ghana - premiumisation will not gain traction over our forecast period.

BMI forecasts that headline total food sales in local currency will increase by 17.2% in 2017. In compound annual growth rate (CAGR) terms, we forecast that total food sales in Ghana to rise by 15.6% in local currency terms between 2016 and 2021.

We forecast positive growth for the dairy industry over our forecast period owing to rising disposable incomes, which we believe will translate into the diversification of diets. We forecast dairy sales will grow by a CAGR of 16% to 2021.


BMI Industry View
Key Trends And Industry Developments
SWOT
Food & Drink
Industry Forecast
Food
Latest Updates
Structural Trends
Table: Food Sales (Ghana 2014-2021)
Drink
Latest Updates
Structural Trends
Table: Total Alcoholic Drinks Spending And Consumption (Ghana 2014-2021)
Table: Non-Alcoholic Drinks Sales (Ghana 2014-2021)
Mass Grocery Retail
Latest Updates
Structural Trends
Industry Risk Reward Index
Sub-Saharan Africa Risk/Reward Index
Table: Sub-Saharan Africa Food & Drink Risk/Reward Index Q217
Ghana Risk/Reward Index
Rewards
Risks
Market Overview
Food
Recent Developments
Market Drivers And Trends
Drink
Recent Developments
Market Drivers And Trends
Mass Grocery Retail
Recent Developments
Market Drivers And Trends
Competitive Landscape
Table: Key Players In Ghana's Food & Drink Sector
Company Profile
Accra Brewery Limited
Fan Milk
Guinness Ghana Breweries Limited
Shoprite
Demographic Forecast
Table: Population Headline Indicators (Ghana 1990-2025)
Table: Key Population Ratios (Ghana 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Ghana 1990-2025)
Table: Population By Age Group (Ghana 1990-2025)
Table: Population By Age Group % (Ghana 1990-2025)
Glossary
Food & Drink
Mass Grocery Retail
Methodology
BMI Food & Drink Forecasting & Sourcing
Risk/Reward Ratings Methodology
Table: Rewards
Table: Risks
Table: Weighting

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