TAG: Ghana
OBG’s African economies have rolled out new capital market instruments and more transparent Customs procedures; they have paved the way for bigger and better-capitalised banks and the emergence of new innovative technologies; and they have made it easier for citizens to access everything from microcredit to health insurance to a well-paying job.
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.