Business Report

The Country s and Region s Financial HealthEconomic IndicatorsEconomic indicators show that as a developing province , Ghana has a favor suitable account and financial performance especially comp atomic number 18d to the other(a) countries in the section . The rude domestic help product of the democracy was estimated to be 59 .15 billion for 2006 which amounts to 2600 GDP per capita . These figures showed that thither was a healthy development 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 investize , raise 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 th e increasing prices have subscribe to a group of egress in the country (EDC , 2006 . Its major imports include outstanding goods and petroleum (CIA , 2007 . This has an obvious pitch on the cost of takings 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 figure deficit . accordingly in accordance of rights with its fiscal indemnity of reducing budgetary deficit and domestic debt , there has been a recent reduction in oil subsidies (EDC 2006Stock MarketGhana has one rake central called the Ghana Stock transposition which has 22 listed companies by the oblite cast of the 1990 s which are of mainly of gold , cocoa , banking and brew industry . However , securities industry chokements are mainly placed by the Ashanti Goldfield stocksLocal Exchange Rates and Tr terminalsThe up-to-dateness of Ghana is called Ceti (GTC . money box the ear ly 1980 s the exchange rate of the capital ! was artificially maintained . But once this policy was abolished and the property was de apprised and floated its value began to decrease significantly .

In 1995 , a policy to manipulation 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 , sink debt service payments and lower inflation rate the exchange rates have become quite invariable in the early(prenominal) five years (EIU , 2006Figure SEQ Figure \ Arabic 1 : Cetis per US dollar (Source CIA Fact book 2007Currency go thro ugh 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 victimisation exchange rates to control inflation by using donor aid and remittances to buy Cetis to control currency give 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 ask to get a full essay, order it on our website: OrderEssay.net

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