TAG: Economy
Efforts over the past year to stabilise Ghana’s economy are finally bearing fruit. Following a period of sluggish growth induced by weaker oil prices, the economy expanded by 7.9% in 2017, according to a statement made by President Nana Akufo-Addo in early 2018.
Efforts over the past year to stabilise Ghana’s economy are finally bearing fruit. Following a somewhat challenging period of weak oil prices and sluggish growth, the economy reportedly expanded by 7.9% in 2017. These improving conditions are reflected in the results of Oxford Business Group’s inaugural OBG Business Barometer: Ghana CEO Survey. Of the more than 100 C-suite executives surveyed, 91% had positive or very positive expectations of local business conditions in the coming 12 months, and 8/10 said they were likely or very likely to make a significant capital investment over this same period.
One of the first Gulf countries to fully embrace the need to diversify its economy, Bahrain continues to benefit from the relative strength and independence of its private sector. Despite a moderate growth outlook and concerns over regional political volatility, business sentiment from C-Suite executives surveyed in Oxford Business Group’s Business Barometer: Bahrain CEO Survey remains positive. Some 63% said they were likely or very likely to make a significant capital investment, with the country’s high level of transparency and strong business environment seen as key to continuing to attract foreign and domestic investment.