2014-02-07 18:19:01 - Ghana Food and Drink Report Q1 2014 - a new market research report on companiesandmarkets.com
We maintain our view that Ghana will be a regional and global outperformer over the coming years thanks to swift expansion in several industries retail. We forecast real GDP growth of 6.4% in 2014 and 7.2% in 2015, following an estimated 7.0% in 2013. We expect strong growth in aggregate private consumption, forecasting an increase of 7.5% in real terms in 2013 and 6.0% in 2014, followed by an annual average of 6.0% over 2014-2017 which in turn has positive implications for consumer spending on food and drink.
Headline Industry Data
- 2013 per capita food consumption (local currency) = +10.16%; forecast compound annual growth rate (CAGR) 2013 to 2017 = +9.2%.
- 2013 beer volume sales = +8.00%; forecast CAGR 2013 to
2017 = +6.74%.
- 2013 carbonated drinks volume sales = +9.00%; forecast CAGR 2013 to 2017 = +7.53%.
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