Ghana Defense Market - Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2024-2029

'Ghana Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2029' report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

Ghana’s defense budget was $317 million in 2024 and registered a decline of 3.5% over the historic period 2020-2024. However, the defense budget declined from $343.9 million in 2023, registering a negative annual growth of 7.8% in 2024. Over the forecast period, Ghana’s defense expenditure is anticipated to register a CAGR of 11.3% over 2025-29 and reach $509.6 million by 2029.

Key Highlights

• Ghana’s defense budget was $317 million in 2024 and registered a decline of 3.5% over the historic period 2020-2024. However, the defense budget declined from $343.9 million in 2023, registering a negative annual growth of 7.8% in 2024. Over the forecast period, Ghana’s defense expenditure is anticipated to register a CAGR of 11.3% over 2025-29 and reach $509.6 million by 2029.
• Ghana is expected to offer a decent market for defense suppliers. Sectors such as military fixed-wing, military land vehicles, and tactical communication Systems rank among the leading sectors in the Ghana defense market.

Who Should Buy

• Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
• The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
• The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.

Scope

This report offers a detailed analysis of the Ghana defense market with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following -

• Ghana's defense budget: detailed analysis of Brunei's 2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
• Regulation: the procurement policy and process is explained. This is coupled with an analysis of Ghana's military doctrine and strategy to provide a comprehensive overview of Ghana's military procurement regulation.
• Security Environment: political alliances and perceived security threats to Brunei are examined; they help to explain trends in spending and modernisation.
• Competitive landscape and strategic insights: analysis of the competitive landscape of Ghana's defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Ghana defense market over the next five years
• Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Ghana market and identify the opportunities offered.
• Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
• Identify the major threats that are driving the Ghana defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channel resources by focusing on the ongoing programs that are being undertaken by the Ghana government
• Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available