CATEGORY: OBG CEO Surveys
Ghana has been the subject of much attention in 2019. In April the country successfully concluded a three-year credit deal with the IMF that aims to improve fiscal management and strengthen public finances. That same month saw the establishment of Google’s first Africa Artificial Intelligence lab in Ghana, and in July the capital city Accra was chosen to host the Africa Continental Free Trade Area (AfCFTA) secretariat.
Continually subdued commodity prices and a humanitarian crisis in neighbouring Venezuela are two of a multitude of challenging external factors affecting the Trinbagonian economy in 2020. As the twin island nation exits recession, business leaders answering OBG’s latest CEO survey have reflected on some of the key issues affecting the country’s current economic trajectory.
In spite of the multitude of global challenges, as well as the need to tackle ongoing domestic issues, there is noticeable optimism among business leaders across the country. In the latest Trinidad & Tobago CEO Survey around two-thirds of respondents said that their company is either likely or very likely to make a significant capital investment in the next 12 months. In terms of government policy post-elections, business leaders agree that the dual priorities for the 2020 government should be both to tackle crime (37%) and diversify the economy away from dependence on oil and natural gas (39%).