加納公司市場前景及投資研究報(bào)告-培訓(xùn)課件外文版2024.4

INDUSTRIES

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MARKETSCompaniesinGhanaCHAPTER

01OverviewTotallaborforceinGhanafrom2015to2022(in1,000s)TotaleconomicallyactivepopulationinGhana2015-202216,00014,00012,00010,0008,00014,058.913,701.813,364.513,159.212,839.612,524.912,217.76,0004,0002,000011,920.120152016201720182019202020212022*3Description:ThelaborforceinGhanawasforecasttoreachover14millionin2022.Inthepreviousyear,around13.7millionpeoplewereestimatedaseconomicallyactiveinthecountry.Accordingtothesourceestimates,thecountfollowedanupwardtrendfrom2015onwards.Thelaborforcecomprisesboththeemployedandotherpeoplewhoareofworkingageandwhoqualifytobeemployed.

ReadmoreNote(s):Ghana;2015to2022;15yearsandolderSource(s):ILOEmployersasashareoftotalemploymentinGhanafrom2006to2019ShareofemployersinGhana2006-20197%6%5%4%3%2%1%0%5.72%5.66%5.58%5.51%5.54%5.53%5.46%5.42%5.38%5.36%5.35%5.33%5.25%5.17%200620072008200920102011201220132014201520162017201820194Description:Asof2019,employersinGhanaaccountedforaround5.4percentofallemploymentinthecountry,registeringaslightlylowerpercentagechangecomparedtothepreviousyear.Overall,manyyoungpeopleinthecountrymanagetheirpersonalbusinesses.TheGhanaNationalBoardforSmallScaleIndustrieshasenvisagedsupportingsmallbusinessesinordertohelpreducethehighunemploymentrateinthecountry.ReadmoreNote(s):Ghana;2006to2019Source(s):ILO;WorldBankShareofmaleemployersinGhanafrom2006to2019ShareofmaleemployersinGhana2006-20198%7.15%7.17%6.93%6.96%6.84%7%6%5%4%3%2%1%0%6.66%6.69%6.58%6.44%6.44%6.41%6.36%6.29%6.29%200620072008200920102011201220132014201520162017201820195Description:In2019,maleemployersinGhanaoccupiedaround6.3percentofallmaleemploymentinthecountry.Inthepreviousyear,aslightlyhighersharewasregistered,at6.4percent.Moreover,withintheobservedperiod,thepeakofmaleemployerswasreachedin2020.Self-employmentfiguresformenarerelativelyhighinGhanacomparedtoothercountries.ReadmoreNote(s):Ghana;2006to2019Source(s):ILO;WorldBankShareoffemaleemployersinGhanafrom2006to2019ShareoffemaleemployersinGhana2006-20195.0%4.5%4.0%3.5%3.0%2.5%2.0%1.5%1.0%0.5%0.0%4.29%4.3%4.26%4.27%4.26%4.1%4.12%4.07%4.02%3.99%3.92%3.89%3.86%3.8%200620072008200920102011201220132014201520162017201820196Description:Asof2019,approximately4.3percentofallfemaleemploymentinGhanareferredtoself-employedwomen.Since2006,theshareoffemaleemployershasremainedaroundfourpercent.Overall,Ghanaianwomenareinchargeofmorethan46%ofprivate-ownedbusinessesinthecountry.ReadmoreNote(s):Ghana;2006to2019Source(s):ILO;WorldBankTotalweeklyhoursworkedbyemployedpeopleinGhanafrom2010to2022(inmillionhours)TotalweeklyhoursworkedbyemployedpeopleinGhana2010-2022600500400300200100020102011201220132014201520162017201820192020202120227Description:Asof2022,thetotalweeklyhoursworkedbytheemployedpopulationinGhanawasestimatedatover533million.In2021,thecountwasestimatedatover508millionhours.Since2010,thenumberofhoursworkedinthecountryhasincreasedsteadily,exceptthevisibledropin2020.ReadmoreNote(s):Ghana;2010to2022;aggregatedhoursSource(s):ILONumberofcompaniescoveredundertheSocialSecurityandNationalInsuranceTrust(SSNIT)inGhanafrom2015to2019NumberofestablishmentscoveredundertheSSNITinGhana2015-201980,00068,48770,00066,35058,74560,00050,00040,00030,00020,00010,000054,03351,237201520162017201820198Description:Asof2019,morethan68,000businesseswerecoveredundertheSocialSecurityandNationalInsuranceTrust(SSNIT)inGhana.ThenumberofcompaniesregisteredwithSSNITgrewannuallyfrom2015onwards.Thatyear,therewereroughly51,200establishmentsregistered.SSNITisastatutorypublicTrustresponsibleforthebasicnationalsocialsecurityschemeinGhana.ReadmoreNote(s):Ghana;2015to2019Source(s):SocialSecurityandNationalInsuranceTrust(Ghana)LevelofcompliancewithfundamentallaborrightsinGhanafrom2015to2018LevelofcompliancewithlaborrightsinGhana2015-20183.02.52.01.61.61.61.61.51.00.50.020152016201720189Description:ThelevelofcompliancewithfundamentallaborrightsinGhanareached1.6pointsin2018,maintainingastabletrendsince2015.Accordingtotheindicator,thecloserthescoreistozero,thehigherthelevelofcompliancetolaborrights.ThismeansthatGhanahasaconsiderablyhighpopulationcomplyingwithbasicrightspertainingtofreedomofassociationandcollectivebargaining.ReadmoreNote(s):Ghana;2015to2018Source(s):ILOCHAPTER

02EnvironmentandregistrationNumberofnewlyregisteredbusinessesinGhanafrom2013to2028(inthousands)NumberofnewlyregisteredbusinessesinGhana2013-20280.00.00.00.020.020.020.020.020.020.020.020.020.020.020.010.010.010.010.010.00.00.0201320142015201620172018201920202021202220232024202520262027202811/statistics/1156374/new-business-registration-forecast-in-ghanaThenumberofnewlyregisteredbusinessesinGhanawasforecasttoremainonasimilarlevelin2028ascomparedto2024with0.02thousandcompanies.Accordingtothisforecast,thenumberwillstaynearlythesameovertheforecastperiod.

ReadmoreNote(s):Ghana;2013to2028;allvaluesareestimatesSource(s):AveragenumberofdaysrequiredtostartabusinessinGhanafrom2013to2028AveragenumberofdaysrequiredtostartabusinessinGhana2013-202816141414141414141210813.3513.2113.11313.0112.9412.8812.8412.812.776420201320142015201620172018201920202021202220232024202520262027202812Description:TheaveragenumberofdaysrequiredtostartabusinessinGhanawasforecasttocontinuouslydecreasebetween2024and2028byintotal0.2days.Aftertheeighthconsecutivedecreasingyear,thenumberofdaysisestimatedtoreach12.77daysandthereforeanewminimumin2028.ReadmoreNote(s):Ghana;2013to2028;allvaluesareestimatesSource(s):Costtoregisterabusinessasashareofgrossnationalincome(GNI)percapitainGhanafrom2010to2019CostofbusinessstartupproceduresasshareofGNIpercapitainGhana2010-201935%30%30%25%20%15%10%5%26.7%26.4%23.3%19.7%19.4%19.2%17.5%15.5%12.3%20190%20102011201220132014201520162017201813Description:Asof2019,thecostofregisteringabusinessinGhanarepresenteda12.3percentshareofthecountry'sgrossnationalincome(GNI)percapita.Thiscontinuedthesteadilydecreasingsharesobservedsince2010.Thatyear,thecostofbusinessstartupproceduresinGhanacovered30percentoftheGNIpercapita.ReadmoreNote(s):Ghana;2010to2019Source(s):WorldBankNumberofnewcompaniesregisteredinGhanaasof2019,bytypeofentityNumberofcompaniesregisteredinGhana2019,bytypeofentityNumberofregisteredcompanies20,000

30,000010,00040,00050,00060,00070,000SoleProprietorCompanyLimitedbySharesCompanyLimitedGuaranteeSubsidiaryBusinessNamePartnershipExternalCompany14Description:In2019,morethan92thousandcompanieswereregisteredinGhana.Businesseswithsoleproprietorshipwerethehighestinnumberintermsofregistrations,followedbycompanieslimitedbyshares.Eachaddeduptoapproximately66.2thousandand18.1thousandenterprises,respectively.Comparatively,externalcompaniesenteredintothecountry'sregistryreachedatotalof96only.ReadmoreNote(s):Ghana;2019Source(s):RegistrarGeneral'sDepartmentEaseofdoingbusinessinGhanain2020,bytopicEaseofdoingbusinessinGhana2020,bytopicIndexscore(0-100)010203040506060708090EaseofdoingbusinessStartingabusiness85Gettingelectricity77DealingwithconstructionpermitsGettingcredit686060ProtectingminorityinvestorsRegisteringpropertyPayingtaxes59565554TradingacrossbordersEnforcingcontractsResolvinginsolvency2515Description:In2020,Ghanascored60pointsintheeaseofdoingbusinessindex.ThecountryoffersthemostfavorablebusinessenvironmentinWestAfrica.Specifically,Ghana'sattractivenesswashighintermsofstartingabusinessandgettingelectricity,whichobtainedascoreof85and77indexpoints,respectively.However,resolvinginsolvencywasthemainchallengeforenterprisesoperatingthere.

ReadmoreNote(s):Ghana;2020Source(s):InternationalEconomics;WorldBankCHAPTER

03KeycompaniesLeadingcompaniesinGhanaasof2022,bymarketcapitalization(inmillionU.S.dollars)MaincompaniesinGhana2022,bymarketcapitalizationMarketcapinmillionU.S.dollars600

800

1,00002004001,2001,4001,6001,8002,000Scancom(MTNGhana)TullowOil1,7261,016StandardCharteredBank36217Description:In2022,Scancom(MTNGhana)wastheleadingcompanyinGhanaintermsofmarketcapitalization.Thatyear,thetelecommunicationsenterpriseaccumulatedamarketcapofover1.7billionU.S.dollars,ranking76thinAfrica.ThiswasfollowedbyTullowOil,withamarketcapitalizationvaluereachingaroundonebillionU.S.dollars.ReadmoreNote(s):Ghana;March31,2022Source(s):AfricanBusinessLeadingcompaniesinGhana2022,bystockvalueasofNovember03,2022(inGhanaiancedis)LeadingmarketsinGhana2022,bystockvalueAmountinGhanaiancedis01,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

8,000,000

9,000,000

10,000,000

11,000,000NewgoldIssuerLtd.MTNGhanaBENSO9,729,94489,42869,100Total

45,344StandardCharteredBankGhana

38018Description:AsofNovember3,2022,NewgoldIssuerLimitedreservedthehighestintrinsicvalueinGhana.Astheleadingtraderinthecountry,itsactualworthamountedtoaround9.7millionGhanaiancedis(GHS),roughly708.9thousandU.S.dollars.TotalGhanaandStandardCharteredBankfollowedwithstockvaluesreachingaround89.4thousandGHSand69.1thousandGHS,roughly6.5thousandU.S.dollarsandfivethousandU.S.dollars,respectively.ReadmoreNote(s):Ghana;DataasofNovember03,2022;stockexchangesharevaluesSource(s):AfricanFinancialsMarketshareofleadingoilcompaniesinGhanaasof1stquarter2022MarketshareofleadingoilcompaniesinGhana2022Marketshare0%5%10%15%20%25%GhanaOilCompanyLimitedTotalPetroleumGhanaLimitedVivoEnergyGhanaLimitedZenPetroleumLimited19.48%8.69%8.39%7.39%StarOilCompanyLimited5.06%4.89%PumaEnergyDistributionGhanaLimitedBenabOilCompanyLimitedPetrosolGhanaLimited2.82%2.35%1.98%GasoPetroleumLimitedFrimpsOilCompanyLimitedIbmPetroleumLimited1.97%1.75%DukesPetroleumCompanyLimitedPacificOilGhanaLimited1.72%1.56%19Description:Asofthefirstquarterof2022,GhanaOilCompanyLimited(GOIL)occupiedthelargestmarketshareinGhanaincomparisontootheroilcompaniesinthecountry.GOILaccountedforaround19.5percentoftheshare,followedbyTotalPetroleumGhanaLimitedandVivoEnergyGhanaLimited,withsome8.7percentand8.4percentofthemarketshare,respectively.ReadmoreNote(s):Ghana;Q12022Source(s):NationalPetroleumAuthorityGhanaAnnualrevenueofGhanaOilCompanyLimited(GOIL)from2015to2022,byentity(inbillionGhanaiancedis)AnnualincomeofGOILCompanyLimited2015-2022,byentityGroupCompany16141210813.948.447.436.955.75.5665.294.674.254.113.763.843.082.471.952.032020152016201720182019202020212022*20Description:Asofthethirdquarterof2022,GhanaOilCompanyLimited(GOIL)registeredrevenueamountingto7.43Ghanaiancedis(GHS)(around513millionU.S.dollars)atthecompanylevel.Inthefullyear2021,thevaluereachedatotalof5.29billionGHS(around365millionU.S.dollars).Theserepresentedanincreaseinincomecomparedtothepreviousyearsobserved.GOILisoneoftheleadingmarketingcompaniesinpetroleumproductsinGhana.

ReadmoreNote(s):Ghana;2015to2022*;year-endingDecember31;grossrevenue;*DatauntilSeptember30,2022.Figureshavebeenroundedtoprovideabetterunderstandingofthedata.CurrencyconversionrateperformedonNovember18,2022.

ReadmoreSource(s):GOILAnnualrevenueofTotalPetroleumGhanafrom2015to2022,byentity(inbillionGhanaiancedis)AnnualincomeofTotalPetroleumGhana2015-2022,byentityGroupCompany4.54.03.53.02.53.933.923.233.222.632.622.382.372.392.381.861.852.01.51.00.50.01.791.791.661.6520152016201720182019202020212022*21Description:Asofthethirdquarterof2022,TotalPetroleumGhanaregisteredrevenueamountingto3.92billionGhanaiancedis(GHS)((around271millionU.S.dollars)atthecompanylevel.Inthefullyear2021,thevaluereached3.22billionGhanaiancedis(GHS)(around222millionU.S.dollars).Theserepresentedarisecomparedtotheotheryearsobserved.TotalGhanaisoneoftheleadingmarketingcompaniesinpetroleumproductsinGhana,besidesGhanaOilCompanyLimited(GOIL).

ReadmoreNote(s):Ghana;2015to2022*;year-endingDecember31;grosssalesvalue;*DatauntilSeptember30,2022.Figureshavebeenrounded.CurrencyconversionrateperformedonNovember18,2022.Datahavebeenretrievedfromseveral[...]

ReadmoreSource(s):TotalPetroleumGhanaRevenuegeneratedbyCocoaProcessingCompanyLimited(CPC)Ghanafrom2016to2022(inmillionU.S.dollars)AnnualrevenueofCocoaProcessingCompanyLimited(CPC)Ghana2016-202245403541.8428.2628.433025201510523.914.78201713.65202013.36201602018201920212022*22Description:Asofthefirstquarterof2022,CocoaProcessingCompanyLimited(CPC)registeredarevenuereaching23.9millionU.S.dollars.Between2016and2021,theprocessingfactoryexperiencedanoverallriseinincomegeneration,peakingin2021,at41.84millionU.S.dollars.CPCprocessesrawcocoabeansintosemi-finishedproductsandmanufacturescocoaproductssuchaschocolatebarsandpowder.

ReadmoreNote(s):Ghana;2016to2022*;financialyearendingSeptember30;*Dataasof1stquarterendedMarch31,2022.Figureshavebeenrounded.Datawereretrievedfromdifferentpublicationsbythesamesource.

ReadmoreSource(s):AfricanFinancials;CocoaProcessingCompanyTotalrevenueofStandardCharteredGhanafrom2019to2022(inmillionGhanaiancedis)TotalStandardCharteredGhanarevenue2019-20221,4001,2001,211.471,070.331,022.741,000853.038006004002000201920202021202223Description:In2022,StandardCharteredGhanaregisteredrevenueofapproximately1.2billionGhanaiancedis(GHS),correspondingtoaround103.3millionU.S.dollars.Thisrepresentedanincreasefromthepreviousyearwhenthevaluereachedaround1.1billionGHS.Therevenuecomprisedreceiptsfromcorporate,commercial,andinstitutionalbankingaswellasconsumer,private,andbusinessbanking.StandardCharteredGhanaisaleadingcompanyinthecountrybymarketcapitalization.

ReadmoreNote(s):Ghana;2019to2022Source(s):StandardCharteredCHAPTER

04StartupsStartupecosystemindexscoreinGhanaasof2022StartupecosystemindexscoreinGhana2022Indexscore0.00.10.20.30.40.50.60.7TotalscoreQuantityscoreQualityscoreBusinessscore0.580.140.190.2525Description:In2022,Ghanaobtained0.58pointsinthestartupecosystemindex,accordingtodataprovidedbyStartupBlink.TheindicatorrankedGhana82ndoutof100countriesworldwide.Moreover,itwasoneoftheleadingAfricancountriesforstartupsasofthesameyear.ReadmoreNote(s):Ghana;2022Source(s):StartupBlinkGenderdistributionofstartupfoundersandco-foundersinAfricain2020GenderdistributionofAfricanstartupco-founders2020Unidentified0.2%Female15.2%Male84.6%26Description:In2020,theco-founderandC-levelpositionsofstartupsinAfricawerelargelyoccupiedbymen.Approximately85percentofthesepositionswereoccupiedbymen,whileonly15percentwereoccupiedbywomen.Theglobalaveragewasslightlyhigher,thoughmoststartupfounderswerestillmen.ReadmoreNote(s):Africa;2020;1,840currentco-foundersorC-levelexecutivesSource(s):BriterValueofventurecapitalfundingraisedinGhanaaccordingtoselectedsourcesin2020(inmillionU.S.dollars)ValueofVCfundingraisedinGhana202012011110080604020019.9PartechAfricaDisruptAfrica27Description:Thevalueofventurecapital(VC)fundingraisedbyAfricanstartupsonthecontinentin2020decreasedsignificantlyfromthepreviousyear.AccordingtoPartechAfrica,111millionU.S.dollarsinVCfundingwenttostartupsinGhana.DisruptAfrica,however,reportedasignificantlylowervalueofonly19.9millionU.S.dollarsinVCfundingthatwenttoGhanaianstartupsin2020.ReadmoreNote(s):Ghana;2020Source(s):Briter;DisruptAfrica;Partech;TechCrunchValueofearly-stagefundingdealsinGhanain2021,bystartup(in1,000U.S.dollars)Valueofearly-stagefundingdealsinGhana2021,bystartupValueinthousandU.S.dollars100050150200250250250300StarsFromAllNations(SFAN)(Pre-Seed)mPharma(Prize)BezoMoney(Seed)200Mazzuma(Pre-Seed)Mono(Seed)125125KudiGo(VentureRound)Boost(VentureRound)JetstreamAfrica(Grant)OZé(Seed)12012011070FXKudi(Pre-seed)Bosea(Credify)(Grant)2510GooTechnologies(Wegoo)(Grant)Motito(Grant)6428Description:In2021,StarsFromAllNations(SFAN)andmPharmaweretheGhanaianstartupssecuringthehighestearly-stagecapital.Theyeachobtained250,000U.S.dollarsthroughapre-seedfundingroundandthroughaprize,respectively.Moreover,BezoMoney,afinancialserviceprovider,secured200,000U.S.dollarsinaseedfundinground.ReadmoreNote(s):Ghana;2021Source(s):TechCabalInsights;TheBaobabNetworkNumberoffundedtechstartupsinGhanafrom2019to2022Numbero