Ghana’s bid to diversify its economy by adding value to the country’s broad range of exports, such as gold, will be analysed in a report by the global publishing firm, Oxford Business Group (OBG).
The Report, Ghana 2017 will look at latest developments in the Economic Partnership Agreement (EPA) between the EU and the Economic Community of West African States (ECOWAS), which has an initial target ratification deadline of October and is expected to be a major driver of export growth.
A press release copied to Citi Business News indicated that the report will also detail coverage of what investors can expect from the Bank of Ghana’s new governor, Abdul-Nashiru Issahaku, as he looks to maintain a stable economy, address inflation and propel growth ahead of elections in November 2016.
As part of the agreement, Deloitte & Touche, Ghana, has signed a memorandum of understanding (MOU) with OBG for the publishing of the 2017 report.
Under the MOU, Deloitte Ghana will team up with OBG to compile and produce the Tax Chapter of The Report.
Managing partner and CEO at Deloitte Ghana, Felix Nana Sackey stated that the report will highlight the key role that small and medium-sized enterprises (SMEs) play in new growth.
“Despite the cost of working capital, Ghana’s smaller businesses can still do very well,” he said, adding that “we will be looking at the opportunities that are available to SMEs and also the challenges they face in areas such as regulatory control adherence.”
Country Director of the OBG in Ghana, Shadeh Olivia Van Esch, welcomed Deloitte on board for the Group’s latest project.
She noted that the year’s partnership marked six years of relationship and comes at a time of high expectation in the country.
“Ghana’s efforts to create jobs and incentivise banks to offer credit lines across key sectors of the economy have been a key focus of our research with Deloitte, alongside the country’s positive prospects for longer-term growth,” she said.
“As a major industry player, Deloitte has an in-depth understanding of the country’s tax framework and its broader implications for investors. I’m delighted that our readers will once again benefit from its team’s expertise and insight,” she added.
About the OBG Report
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 leading representatives, including the President of Ghana John Dramani Mahama, Seth Terkper, the minister of finance and economic planning and Abdul-Nashiru Issahaku, the governor of the Bank of Ghana.
Oxford Business Group’s report will be published in partnership with Deloitte.
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.