Country Outlook: Ghana. Country Overview - Ghana (The Good News)  GDP $48B USD  26M Population  5.0% GDP Annual Forecasted Growth for 2014  Broad.

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Presentation transcript:

Country Outlook: Ghana

Country Overview - Ghana (The Good News)  GDP $48B USD  26M Population  5.0% GDP Annual Forecasted Growth for 2014  Broad growth factors (resources, agriculture, industry)  Stable (and peaceful!) political system  Sound and transparent legal system  Strong ties with U.S., large diaspora population

Country Overview - Ghana (The Bad News)  Protracted government fiscal crisis  Worst performing currency in 2014  Indecisive management of critical budget/fiscal problems  Critical power challenges  Dire need for basic infrastructure upgrades  Presidential election in 2016

Energy (Oil/Gas & Power)  First major discovery in 2007, three active fields  Gas infrastructure soon in place  Potential for additional on/off shore and deep-water development  Maturing oil services sector with regional opportunities  Multi-gigawatt power deficit  Coming reforms  Focused U.S. programs to tap into

Infrastructure  Potential for BOT/PPP projects  Equipment purchase and leasing opportunities Healthcare  Growing presence of private health care providers  Established distribution network for pharmaceuticals  Dire need for expansion of basic health care services  Potential for medical tourism sector

Recent Infrastructure Projects Ghana  Water Sector  Municipal Water / Wastewater projects  Accra Municipal Drainage Project  Stalled  Port Developments  Tema  Takoradi  Atuabo (Lonrho)

What’s Next (Maybe)  Positive outcome of Ghana’s discussions with the IMF;  Improvement in the country’s fiscal situation through a stabilized debt structure, access to Euro Bond financing and a strengthened Cedi;  Prioritized project portfolio as the December 2016 election nears;  $500 million MCC Compact spurring rationalization in the power sector;  Benefits from Ghana’s focused and responsive approach to controlling an Ebola outbreak in the country.