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Business News Fri, 10 Jun 2016

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Boost In Business Confidence Due To Improved Working Conditions

In Ghana Analysed In 2017 Report

Association of Ghana Industries signs MOU with Oxford Business Group

Ghana, June 2016: According to the Association of Ghana Industries’ (AGI) recently released Business Barometer Report (first quarter, 2016), there has been improvement in business confidence over a cross-section of sectors in Ghana’s economy for the first time in two years. The results of the AGI barometer will be given comprehensive analysis in a report by the global publishing firm Oxford Business Group (OBG).

The Report: Ghana 2017 will look at how the country is working toward long-term stability despite challenges of doing business in the country, such as power supply shortages, unstable currency and multiple levels of taxation. There will be detailed coverage of diversifying the country’s economy away from non-oil sectors by focusing on exports. OBG’s report will also look at the ways in which the government can reduce the cost of doing business for local companies, small entities and small and medium-sized enterprises.

AGI has signed a memorandum of understanding (MOU) with OBG for the forthcoming publication on the country. Under the MOU, AGI will team up with OBG to compile and produce The Report: Ghana 2017.

Seth Twum-Akwaboah, CEO of AGI, said that he is delighted to collaborate closely with OBG in the landmark public-private partnership.

“It is becoming increasingly important for Ghana’s industries to be inter-connected,” he said. “Our partnership with Oxford Business Group will further allow us to chart a strong collaboration in gathering basic data, trends, projections and insights that are shared throughout the private sector for possible joint ventures necessary to encourage both local and foreign investment.”

Shadeh Olivia Van Esch, OBG’s country director in Ghana, said that AGI’s contribution to the upcoming report is particularly welcome given the changing landscape of the country’s local industries.

“Oxford Business Group’s partnership with the Association of Ghana Industries will provide further insight on investment opportunities in the local economy, particularly in trade, manufacturing and industry,” she said. “We are looking forward to documenting Ghana’s increased growth over a pivotal period of the country’s growth in the second half of 2016.”

The Report: Ghana 2017 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will also contain interviews with dignitaries and leading representatives including President John Dramani Mahama; Seth Terkper, Minister of Finance and Economic Planning; Abdul-Nashiru Issahaku, Governor of Bank of Ghana; Akinwumi Adesina, President of African Development Bank and Mawuena Trebarh, CEO of Ghana Investment Promotion Centre (GIPC). The Report: Ghana 2017 will be published with GIPC, Deloitte Ghana and Liberty Capital as partners and will be available in print and online.

About Oxford Business Group

Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of Africa, the Middle East, Asia, Latin and Central America and the Caribbean. Through its range of print and online products, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecoms.

The critically acclaimed economic and business reports have become the leading source of business intelligence on developing countries in the regions they cover. OBG's online economic briefings provide up-to-date in-depth analysis on the issues that matter for tens of thousands of subscribers worldwide. OBG's consultancy arm offers tailor-made market intelligence and advice to firms currently operating in these markets and those looking to enter them.

For more information please contact:

Basak Pasali, Director of Communications

E-mail: bpasali@oxfordbusinessgroup.com

Dubai Media City, Aurora Tower Floor 14 Office

PO Box 502 659 Dubai UAE

T +971 4 426 4642

F +971 4 426 4641 131 Great Titchfield St. London

W1W 5BB United Kingdom

T +44 20 7403 7213

F +44 17 3026 0274

Register to receive our Economic Updates: oxfordbusinessgroup.com/register

Source: Association of Ghana Industries

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