Industry Trend Analysis - Capital Investments Will Provide Relief To CV Sales - SEPT 2017


BMI View: S trong growth in Ghana's f ixed c apital f ormation as well as large Chinese investments will support higher growth in commercial vehicle sales .

We believe that the strong growth in capital investment in Ghana from both local and foreign investors will support higher growth in commercial vehicle (CV) sales over our 2017-2021 forecast period. Therefore, we have revised up our CV sales forecast for both light commercial vehicles and heavy trucks from our previous 2017 forecasts of 2.5% and 3.3% respectively to 3.5% and 4.5% for the same period.

Investment To Drive CV Demand

Commercial Vehicle Sales Will Remain Buoyant
Ghana - CV Sales
e/f = BMI estimate/forecast. Source: BMI, Ghana NRSC

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