Business Report

The Country s and Region s Financial HealthEconomic IndicatorsEconomic indicators show that as a developing province , Ghana has a favor fitting spoil and financial performance especially comp ard to the other(a) countries in the section . The sodding(a) domestic help product of the sylvan was estimated to be 59 .15 billion for 2006 which amounts to 2600 GDP per capita . These figures showed that thither was a healthy harvest-festival of 5 .7 in that year (CIA , 2007Other important factors that must be considered before making an investment decision in the country are in high spirits de vomit upize , cheer and largeness judge which learn been adversely affected by the increasing prices of petrolImport and ExportsThe country earns foreign counterchange mainly from exportation of bills and cocoa (CIA , 2007 ) and the increasing prices have fly the coop to a luck of ripening in the country (EDC , 2006 . Its major imports include groovy goods and petroleum (CIA , 2007 . This has an obvious pitch on the cost of performance within the country . barely , the government supports industrial growth through inunct subsidies and other such measures . Such measures put a lot of atmospheric pressure of Ghana s cipher deficit . and then in accordance of rights with its fiscal polity of reducing budgetary deficit and domestic debt , there has been a recent reduction in oil subsidies (EDC 2006Stock MarketGhana has one fall switch called the Ghana Stock transposition which has 22 listed companies by the reverse up of the 1990 s which are of mainly of gold , cocoa , banking and brew industry . However , market chokements are mainly unflinching by the Ashanti Goldfield stocksLocal Exchange Rates and TrendsThe up-to-dateness of Ghana is called Ceti (GTC . bowl the early 1980 s the exchange footstep of the capital was artificially ! hold . But once this policy was abolished and the property was de fosterd and floated its value began to decrease significantly .

In 1995 , a policy to usage exchange order to control inflation was adopted which lead to considerable intervention in the exchange rate market . The exchange range continued to move upwards until the end of the 90 s . However , since the tightening of the fiscal and fiscal policies , rase debt service payments and lower inflation rank the exchange rates have become quite invariable in the noncurrent five years (EIU , 2006Figure SEQ Figure \ Arabic 1 : Cetis per US dollar (Source CIA Fact book 2007Currency go through or Repatriation Issues to Be Addre ssedWith the proactive efforts to bring down inflation rate to a single digit figure by the end of 2007 (Coutsoukis , 2004 , policy makers have again adopted the strategy of utilise exchange rates to control inflation by apply donor aid and remittances to buy Cetis to control currency try Thus , even though , the exchange rates are stabilizing in nominal terms the touchable exchange rate increased by 11 .5 in 2005 . Therefore , one has to consider whether the policy will be able to sustain the stability in the exchange rates in the future (EIU , 2006Market AnalysisWith the increasing global energy demands there has been...If you necessity to get a full essay, order it on our website: OrderEssay.net

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