Key View

• Ghana’s Petroleum Hub Development Project is highly ambitious given the substantial investment required and the country's limited projected growth in domestic refined fuels demand.
• Ghana would benefit from the Sub-Saharan Africa (SSA) region’s rising consumption, however, structural constraints remain. The region's refined fuels

Key View

• As Ghana’s LNG terminal reaches its final construction phases, we maintain our view that Ghana’s LNG imports will increase to 1.2bcm in 2021.
• The imported LNG will improve the security of Ghana’s natural gas and predominantly serve the power sector.
• Ghana outshines its Sub-Saharan Africa (SSA) partners, many of whom lack sufficient

Our near-term outlook for Ghana’s oil production is brightened, as targeted investment is set to rise by 50% in 2021 for the Jubilee and TEN fields. Tullow Oil – operator of Ghana’s two largest fields, TEN and Jubilee – recently announced net capex spending on their Ghanaian assets will increase to USD180mn in 2021, from just USD120mn in 2020

Key View

• The standard of healthcare continues to vary across Ghana.
• Many rural regions across Ghana do not have an adequate number of specialist healthcare workers available.
• Telemedicine can help to address specialist healthcare worker shortages.

The standard of healthcare continues to vary across Ghana, with healthcare facilities

Key View

• Our positive outlook for private participation in Ghana’s infrastructure sector is underpinned by the country’s considerable PPP track record and project pipeline, with energy and transport being key sectors for private investment opportunities.
• While current renegotiations of take-or-pay agreements with independent power producers

Key View

• There has been solid performance at Ghana's Jubilee and TEN fields so far this year, despite multiple headwinds.
• The strong output at both fields is aligned with our view that Ghana's total oil production will increase by 2% in 2020.
• Our longer-term outlook for Ghana’s crude oil is positive, based on the expectation for continued

Key View

• Gold production in Ghana will experience significant growth in the coming year, driven by the Phase 2 completion of AngloGold Ashanti's Obuasi Project.
• A solid project pipeline and exploratory activities to replace maturing mining assets will ensure steady production growth in the country's gold sector.
• Elevated gold prices will

Key View:

• The positive developments in Ghana’s metals sector, steel and aluminium output increases, raises the potential for the country’s nascent autos industry to move up the automotive production value chain.
• The construction of an aluminium metals casting factory, CNC machine tooling centre and the expansion of a steel production plant

Key View

• Increased focus on social distancing due to Covid-19 has accelerated the uptake of digital health in Ghana
• Digital health challenges in Ghana remain.
• Ghana's eHealth strategy will continue working on making healthcare more equitable.

Increased focus on social distancing due to Covid-19 has accelerated the uptake of digital health