Ghana Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2029

Ghana Defense Market Report Overview

As of 2024, the Ghana defense budget is worth $317 million. The country’s defense budget is expected to grow at a CAGR of more than 11% during 2025-2029. The need to mitigate the escalation in regional instability in the Sahel region is the major factor driving Ghana’s defense expenditure. Additionally, the increasing threat of piracy in the Gulf of Guinea poses a major risk to the maritime trade and compels Ghana to enhance patrolling in the region.

Ghana Defense Market Outlook, 2024-2029 ($ Million)

Buy the Full Report for More Insights into the Ghana Defense Market Forecast

Download a Free Report Sample

The Ghana defense market research report provides the market size forecast and the projected growth rate for the next five years. Furthermore, our analysts have carried out a comprehensive industry analysis to determine key market drivers, emerging technology trends, key sectors, and major challenges faced by market participants, in this report. The Ghana defense market study has also assessed key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

Ghana Defense Market Drivers

The key factors driving the Ghana defense market growth are instability in the Sahel region and piracy in the Gulf of Guinea.

Instability in the Sahel Region: The increasing level of political instability and volatility in the Sahel region offers fertile ground for the growth of radicalism and extremism. This compels Ghana to enhance the country’s security and defense posture. 

Buy the Full Report for Additional Information on the Ghana Defense Market Drivers

Download a Free Report Sample

Ghana Military Doctrines and Defense Strategies

A vast majority of the functions of Ghana’s Armed Forces are symbolic in nature. These functions exist to emphasize the control of the civil executive over the military and are led by the democratically elected incumbent government, which retains control over the state.

The increasing radicalization in the neighborhood has compelled Ghana to evolve a comprehensive strategy to tackle terrorism. As a part of the strategy, Ghana has organized training to enhance inter-agency collaboration as well as the sharing of information between different law enforcement agencies in Ghana’s five regions.

Buy the Full Report for More Insights on the Military Doctrines and Defense Strategies in the Ghana Defense Market

Download a Free Report Sample

Ghana Defense Market Segmentation by Sectors

The key sectors in the Ghana defense market are military fixed-wing aircraft, military land vehicles, tactical communication systems, naval vessels and surface combatants, and military unmanned aerial vehicles, among others. In 2024, the most attractive sector in Ghana’s defense market is military fixed-wing aircraft, followed by military land vehicles. The military fixed-wing aircraft segment is predicted to be the single largest sector in Ghana’s defense market between 2024 and 2026.

Ghana Defense Market Analysis by Sectors, 2024 (%)

Buy the Full Report for More Sector Insights into the Ghana Defense Market

Download a Free Report Sample

Ghana Defense Market - Competitive Landscape

A few of the leading defense companies operating in Ghana are:

• AERO Vodochody AEROSPACE a.s.
• Embraer SA
• Elbit Systems Ltd
• IVECO Defence Vehicles Spa
• Ukrspecsystems LLC

AERO Vodochody AEROSPACE a.s. (Aero), headquartered in Odolena Voda, the Czech Republic, is a manufacturer of aerostructures for military and commercial aircraft programs. The company collaborates with leading aerospace manufacturers in international aerostructures programs such as Rotorcraft, and C series. It provides whole aircraft development, rotorcraft assembly, landing gears, and major component assemblies for its customers.

Ghana Defense Market Analysis by Companies

Buy the Full Report for More Company Insights into the Ghana Defense Market

Download a Free Report Sample

Segments Covered in the Report

Ghana Defense Market Sectors Outlook (Value, $ Million, 2020-2029)

• Military Fixed Wing Aircraft
• Military Land Vehicles
• Tactical Communication Systems
• Naval Vessels and Surface Combatants
• Military Unmanned Aerial Vehicles

Scope

The report provides:

• Detailed analysis of the Ghana 2023 defense budget broken down into market size and market share.
• Overview of key current and future acquisitions.
• Explanation of the procurement policy and process.
• Analysis of Ghana’s military doctrine and strategy to provide a comprehensive overview of Ghana’s military procurement regulation.
• Outline of political alliances and perceived security threats to Ghana and trends in spending and modernization.
• Analysis of the competitive landscape and strategic insights of Ghana’s defense industry.

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.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Ghana defense market over the next five years.
• Understand 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 of 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 an in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available.