Key View

• The actions of the National Medicine Price Committee will primarily benefit individual patients and institutional payers.
• It will also provide some benefits to pharmaceutical companies operating in the country.
• A cap on patented drug prices will however not be welcomed by foreign multinationals.
• Drugmakers should be aware that the

Key View:

• We hold a positive view on Ghana’s railway construction over the next decade as the government moves forward with plans to develop the country’s moribund rail sector.
• A number of announcements in recent months have indicated that there is substantial support from the government and private investors to develop the country’s railways

Key View

• Aker Energy continues its successful appraisal campaign at the Pecan discovery, with more oil discovered in early March 2019 at the Pecan South-1A well, drilled south of the main Pecan field offshore Ghana.
• Once developed, the Pecan field will provide a major boost to Ghana’s crude and condensates output. Although the operator is yet

Key View

• We at Fitch Solutions expect a significant ramp up in spending by the Ghanaian government in the coming year, with the 2019 budget including extensive new spending plans.
• Nonetheless, the ongoing implementation of structural fiscal reforms will boost revenue collection and ensure the fiscal deficit continues to narrow, albeit slowly.

Key View

• We at Fitch Solutions believe that growth will accelerate in Ghana in 2019. Increasing oil production and improving private credit access alongside large foreign and government investments will boost output in most economic sectors.
• Over the long term the outlook remains fairly bright as developments in the mining and manufacturing

Key View

• Ghana's growing middle class will be able to support VWs low volume vehicle production industry.
• The increasingly urbanised population and the limited affordability will make VWs "Mobility Concept" a more viable avenue for Ghana.

In August 2018, Volkswagen AG (VW) and the government of Ghana signed a memorandum of understanding with

Key View

• We expect that some risks to policy formation will oblige the government to abandon plans to cut subsidies to the cocoa sector.
• We stress however that the government will remain able to pass policy in most other areas and it will survive to the 2020 election.
• There are some potential long-term risks to social stability and independent