This is a best prospect industry sector for this country. Includes a market overview and trade data
Last Published: 7/27/2017
Overview

U.S. brands of construction equipment dominate the high end of Ghana’s construction sector. Companies like Caterpillar, John Deere, Cummins and others have a long track record in West Africa and are well established, recognized and highly valued. Recent competition from China however has eroded opportunities in the lower tiers of the equipment sector.

Activity in the construction market in Ghana has in recent years been focused primarily on the non-governmental space while the country’s ability to finance state-backed projects has deteriorated. Companies looking for opportunities in Ghana’s construction equipment sector should keep a close eye on financing opportunities and closely track private sector projects.

Ghana has neglected much of its infrastructure and in many cases there is a chronic need for upgrades to roads, bridges, ports, rail links and airports. The current IMF program will limit the Government of Ghana’s ability to take on new debt loaded needed to finance many of these infrastructure projects, but there is hope that in the mid to long term the country’s finances will get back on track. Companies that establish themselves to take advantage of opportunities on the horizon will be at a competitive advantage over other suppliers.

As with many others opportunities in Ghana, financing plays a key role in the construction equipment sector.

Sub-Sector Best Prospects

Used and refurbished equipment from respected global brands have the most immediate opportunities for success in Ghana. Exporters should seek to identify reliable partners that can represent their company’s interests on the ground in West Africa.

Opportunities

The Commercial Service in Ghana maintains close contacts with distributors of U.S. manufactured construction equipment. For the most current information on recent developments, please contact the U.S. Commercial Service Ghana.

Web Resources

Ministry of Transport
Ghana Standards Authority
Ministry of Interior
Ghana Revenue Authority

Construction Equipment
 
$US thousands2014201520162017 (Estimated)
Total Market Size110,680116,508116,886118,559
Total Exports2,9453,6223,7023,791
Total Imports113,625120,130120,588122,350
Local Production0000
Imports from the U.S.3,3663,6093,9254,402
Total Market Size = (Total Local Production + Total Imports) – (Total Exports)
Data Sources: Statistical data are unofficial estimates from trade sources and industry.
 

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.



Ghana Construction Equipment and Machinery Trade Development and Promotion