Business Report

The Country s and Region s Financial HealthEconomic IndicatorsEconomic indicators show that as a developing region , Ghana has a favorable frugal and financial performance especially comp atomic number 18d to the former(a) countries in the piece . The gross domestic help help product of the terra firma was estimated to be 59 .15 billion for 2006 which amounts to 2600 GDP per capita . These figures showed that in that reckon was a healthy growth of 5 .7 in that social class (CIA , 2007Other important factors that must be considered before devising an enthronement decision in the country are spirited interchange , interest and fanfare order which constitute been adversely modify by the increasing prices of petrolImport and ExportsThe country earns foreign alter principally from export of florid and cocoa (CIA , 2007 ) and the increasing prices have hold bulge to a lot of growth in the country (EDC , 2006 . Its major imports include capital goods and petroleum (CIA , 2007 . This has an obvious way out on the cost of production within the country . even , the government supports industrial growth through inunct subsidies and different such measures . Such measures put a lot of speck of Ghana s budget deficit . Therefore in accordance with its fiscal policy of reducing budgetary deficit and domestic debt , there has been a recent reduction in anoint subsidies (EDC 2006Stock MarketGhana has one stock sub called the Ghana Stock interchange which has 22 listed companies by the end of the 1990 s which are of mainly of metallic , cocoa , banking and brewing industry . However , market proceedments are mainly determined by the Ashanti Goldfield stocksLocal Exchange Rates and TrendsThe up-to-dateness of Ghana is called Ceti (GTC . Till the early 1980 s the exchange rate of the airplane propeller was artificially maintain! ed . But once this policy was abolished and the fortunate was devalued and floated its value began to decrease significantly .

In 1995 , a policy to use exchange rate to control pomposity was adopted which lead to considerable intervention in the exchange rate market . The exchange place continued to take to the woods upwards until the end of the 90 s . However , since the tightening of the financial and fiscal policies , lower debt service payments and lower rising prices evaluate the exchange range have become quite shelter in the past five years (EIU , 2006Figure SEQ Figure \ Arabic 1 : Cetis per US dollar (Sou rce CIA Fact book 2007Currency crack 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 scheme of using exchange range to control inflation by using donor aid and remittances to buy Cetis to control bullion supply Thus , even though , the exchange rates are stabilizing in nominal terms the of import 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 want to get a full essay, order it on our website: OrderCustomPaper.com

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