| Product Code: ETC4395597 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Procurement analytics solutions are utilized by businesses and government agencies in Ghana to optimize sourcing, supplier management, and purchasing decisions through data analysis, forecasting, and performance monitoring.
The increasing focus on cost optimization, the growing complexity of supply chains, and the adoption of data-driven decision-making are driving the growth of Ghana procurement analytics market. Procurement analytics solutions provide insights into supplier performance, spend analysis, and sourcing strategies, enabling organizations to improve procurement efficiency, mitigate risks, and drive savings, thus fueling market growth.
The Ghana Procurement Analytics Market faces challenges related to data integration and quality. Procurement processes generate vast amounts of data from various sources, including suppliers, contracts, and transactions. However, ensuring the accuracy, consistency, and completeness of this data can be difficult, especially when dealing with disparate systems and formats. Additionally, organizations may encounter challenges in identifying and implementing the most relevant analytics tools and techniques to derive actionable insights from procurement data.
Recognizing the importance of data-driven decision-making in optimizing procurement processes, reducing costs, and mitigating risks, the government of Ghana has implemented policies to support the growth of the procurement analytics market. These policies aim to promote investment in analytics tools and technologies, adoption of data management best practices, and capacity building in procurement analytics skills. Additionally, the government emphasizes the importance of promoting transparency and accountability in procurement practices, ensuring compliance with procurement regulations, and facilitating access to analytics solutions for government agencies and businesses. By fostering collaboration between stakeholders and providing incentives for innovation, the government seeks to enhance the competitiveness and effectiveness of procurement analytics in Ghana.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Ghana Procurement Analytics Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Procurement Analytics Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Procurement Analytics Market - Industry Life Cycle |
3.4 Ghana Procurement Analytics Market - Porter's Five Forces |
3.5 Ghana Procurement Analytics Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Ghana Procurement Analytics Market Revenues & Volume Share, By Organization Size , 2021 & 2031F |
3.7 Ghana Procurement Analytics Market Revenues & Volume Share, By Deployment Mode , 2021 & 2031F |
3.8 Ghana Procurement Analytics Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Ghana Procurement Analytics Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
4 Ghana Procurement Analytics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of digital technologies in procurement processes in Ghana |
4.2.2 Growing focus on cost optimization and efficiency in procurement operations |
4.2.3 Government initiatives to promote transparency and accountability in procurement practices |
4.3 Market Restraints |
4.3.1 Lack of awareness and understanding of procurement analytics solutions in the Ghanaian market |
4.3.2 Limited availability of skilled professionals in procurement analytics |
4.3.3 Data security and privacy concerns hindering adoption of procurement analytics tools |
5 Ghana Procurement Analytics Market Trends |
6 Ghana Procurement Analytics Market, By Types |
6.1 Ghana Procurement Analytics Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Ghana Procurement Analytics Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 Ghana Procurement Analytics Market Revenues & Volume, By Solutions, 2021-2031F |
6.1.4 Ghana Procurement Analytics Market Revenues & Volume, By Services, 2021-2031F |
6.2 Ghana Procurement Analytics Market, By Organization Size |
6.2.1 Overview and Analysis |
6.2.2 Ghana Procurement Analytics Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.2.3 Ghana Procurement Analytics Market Revenues & Volume, By SMEs, 2021-2031F |
6.3 Ghana Procurement Analytics Market, By Deployment Mode |
6.3.1 Overview and Analysis |
6.3.2 Ghana Procurement Analytics Market Revenues & Volume, By Cloud, 2021-2031F |
6.3.3 Ghana Procurement Analytics Market Revenues & Volume, By On-premises, 2021-2031F |
6.4 Ghana Procurement Analytics Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Ghana Procurement Analytics Market Revenues & Volume, By Supply Chain Analytics, 2021-2031F |
6.4.3 Ghana Procurement Analytics Market Revenues & Volume, By Risk Analytics, 2021-2031F |
6.4.4 Ghana Procurement Analytics Market Revenues & Volume, By Spend Analytics, 2021-2031F |
6.4.5 Ghana Procurement Analytics Market Revenues & Volume, By Demand Forecasting, 2021-2031F |
6.4.6 Ghana Procurement Analytics Market Revenues & Volume, By Contract Management, 2021-2031F |
6.4.7 Ghana Procurement Analytics Market Revenues & Volume, By Vendor Management, 2021-2031F |
6.5 Ghana Procurement Analytics Market, By Industry Vertical |
6.5.1 Overview and Analysis |
6.5.2 Ghana Procurement Analytics Market Revenues & Volume, By BFSI, 2021-2031F |
6.5.3 Ghana Procurement Analytics Market Revenues & Volume, By Retail and eCommerce, 2021-2031F |
6.5.4 Ghana Procurement Analytics Market Revenues & Volume, By Telecom and IT, 2021-2031F |
6.5.5 Ghana Procurement Analytics Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.5.6 Ghana Procurement Analytics Market Revenues & Volume, By Healthcare and Life Sciences, 2021-2031F |
6.5.7 Ghana Procurement Analytics Market Revenues & Volume, By Energy and Utilities, 2021-2031F |
7 Ghana Procurement Analytics Market Import-Export Trade Statistics |
7.1 Ghana Procurement Analytics Market Export to Major Countries |
7.2 Ghana Procurement Analytics Market Imports from Major Countries |
8 Ghana Procurement Analytics Market Key Performance Indicators |
8.1 Percentage increase in the number of organizations implementing procurement analytics solutions in Ghana |
8.2 Average time reduction in procurement processes after implementing analytics tools |
8.3 Percentage improvement in cost savings and efficiency in procurement operations |
8.4 Increase in the number of training programs or courses related to procurement analytics in Ghana |
8.5 Number of data breaches or security incidents related to procurement analytics solutions in the market |
9 Ghana Procurement Analytics Market - Opportunity Assessment |
9.1 Ghana Procurement Analytics Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Ghana Procurement Analytics Market Opportunity Assessment, By Organization Size , 2021 & 2031F |
9.3 Ghana Procurement Analytics Market Opportunity Assessment, By Deployment Mode , 2021 & 2031F |
9.4 Ghana Procurement Analytics Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Ghana Procurement Analytics Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
10 Ghana Procurement Analytics Market - Competitive Landscape |
10.1 Ghana Procurement Analytics Market Revenue Share, By Companies, 2024 |
10.2 Ghana Procurement Analytics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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