Business Report

The Country s and Region s Financial HealthEconomic IndicatorsEconomic indicators show that as a developing province , Ghana has a favor able grievance and financial performance especially comp ard to the other(a) countries in the section . The sodding(a) domestic help product of the uncouth was estimated to be 59 .15 billion for 2006 which amounts to 2600 GDP per capita . These figures showed that thither was a healthy proceeds 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 seatize , matter to and largeness judge which learn been adversely affected by the increasing prices of petrolImport and ExportsThe country earns foreign counterchange mainly from export of bills and cocoa (CIA , 2007 ) and the increasin g prices have authorise to a toilet of festering in the country (EDC , 2006 . Its major imports include detonating device goods and petroleum (CIA , 2007 . This has an obvious pitch on the cost of business 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 cypher deficit . then in accordance of rights with its fiscal policy of reducing budgetary deficit and domestic debt , there has been a recent reduction in oil subsidies (EDC 2006Stock MarketGhana has one communication channel convert called the Ghana Stock transposition which has 22 listed companies by the abate of the 1990 s which are of mainly of gold , cocoa , banking and brew industry . However , commercialize chokements are mainly obdu account by the Ashanti Goldfield stocksLocal Exchange Rates and Tr cansThe up-to-dateness of Ghana is called Ceti (GTC . till the early 1980 s the exchange rate of the capital was arti! ficially retained . But once this policy was abolished and the property was de appraised and floated its value began to decrease significantly .

In 1995 , a policy to utilisation 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 , get down debt service payments and lower inflation pass judgment the exchange rates have become quite invariable in the one-time(prenominal) five years (EIU , 2006Figure SEQ Figure \ Arabic 1 : Cetis per US dollar (Source CIA Fact book 2007Currency go through or Repatriation Issues to Be AddressedWith 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 victimization exchange rates to control inflation by use donor aid and remittances to buy Cetis to control currency render 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 fate to get a full essay, order it on our website: OrderEssay.net

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