Business Plan Trade West Africa Page 11 In times of economic slowdown on 2012-13 global truck market maintained a slight increase – from 2,6 to 2,8 million units. One of its most important drivers is an intensification of global competition. The way to improve the competitiveness of companies is to reduce logistics costs. And this is directly linked with truckings of goods, which enables to reach efficiency of logistics. Another reason for retaining growth of the truck market - the fact that the quantity and quality of the roads in the world is constantly growing. Every year the new roads are constructed and old ones are still working. The chart shows that in most developed countries the ratio MCV/HCV is in favor of heavy trucks. And in developing countries, the ratio of different - it is obvious that due to the high prices carriers are buying fewer new trucks and more used trucks. The situation in Ghana is the same. According to Ghana Statistical Service bulletin, in 2008 quantity of the trucks was 5477, MCV – 3568 (65%) and HCV - 1909 (35%). Taking into consideration Ghana’s average economic CAGR we can make assumption the number of trucks in 2014 is about 7,5 thousands.
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