A number of new initiatives, including educational programmes and a specialised support fund for small and medium-sized enterprises (SMEs), have been established to promote the growth and diversification of small businesses in Ghana.
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The sultanate’s economy continues to enjoy the benefits of petroleum wealth, which has provided budget surpluses in most years and served as a backbone for growth. However, planning is well under way for an era in which oil will not be the main economic driver, with the twin goals of diversification and creating an increased number of private sector jobs at the top of the government’s current agenda.
While rising domestic demand in Malaysia helped reassure investors after last summer’s regional downturn, concerns remain that the country is displaying an over-reliance on high domestic consumption levels to prop up growth.
Economic update | Jordan Year in Review 2013
14 Jan 2014
While growth in Jordan picked up pace in 2013, the external environment continues to weigh on the economy and could slow recovery in 2014.
Economic update | Mongolia budgets for growth
14 Jan 2014
Lawmakers in Mongolia have approved a budget for 2014 that emphasises investment in the economy and seeks to build the infrastructure needed to sustain a commodities boom and maximise growth. While this likely means higher debt levels in the short run, the expectation is that earnings will improve in the medium-to-long term.
Economic update | A taxing time for Nigeria
12 Jan 2014
As Nigeria looks to broaden and stabilise its source of revenues, the government is taking steps to streamline a complex, multi-layered system of taxation that has historically resulted in wide-spread evasion.