Oxford Business Group gives Akufo-Addo a copy of its most recent report.
The first edition of Oxford Business Group’s (OBG) annual economic report, The Report: Ghana 2024, has formally been given to President Nana Akufo-Addo.
The report was given at a meeting on Tuesday, August 27, in Accra, between the Ghana Investment Promotion Centre (GIPC), the President of Oxford Business Group, and the latter organisation.
It investigates the causes of Ghana’s favourable economic growth trajectory, with the IMF raising its prediction for GDP increase in 2024 to 3.1% due to constructive structural and fiscal changes as well as cautious monetary policy.
The Report: Ghana 2024 examines the effects of these policy changes and offers information on how Ghanaian companies are benefiting from initiatives to promote regional economic integration and growth in the context of the newly formed African Continental Free Trade Area.
The significance of this study as a tool for the nation’s leaders and economic strategists is highlighted by the delivery of the first copy to President Akufo-Addo.
With an emphasis on Ghana’s economic prospects, investment opportunities, and growth drivers, the paper offers a thorough examination of the nation’s economic environment.
Additionally, it looks at how government policies affect the business climate and Ghana’s place in the framework of regional economic integration.
The report specifically examines the effects of current infrastructure development advancements on Ghana’s economic productivity and export potential.
The report’s importance and the cooperative efforts with the Ghanaian government and the Ghana Investment Promotion Centre (GIPC) were emphasised by Ramona Tarta, OBG’s Country Director for Ghana.
The Report: Ghana has long served as a global and domestic resource for decision-makers. Thus, it is appropriate that we, along with our partners GIPC, who were crucial to all of our research activities in Ghana, were able to give the President himself the first copy of this significant and in-depth economic research on Ghana’s economy, Tarta said.
The study is made available to Oxford Business Group subscribers directly through the OBG terminal as well as through a number of partners, including Dow Jones Factiva, Bloomberg Professional Services, and Refinitiv Eikon.
She continued, “GIPC is dispersing the digital report to their whole database of over 10,000 business owners, entrepreneurs, and diplomats in Ghana and around the world.”
“FDI inflows are a critical pillar of Ghana’s economic development, as our dynamic growth is simply not possible without the presence of international investors,” said President Akufo-Addo, recognising the significance of the report.
The interest that the world is showing in our economy is largely due to business leaders’ access to reliable information and analysis.
Thus, we would like to express our gratitude to Oxford Business Group for adding Ghana to your list of nations and our heartfelt congrats on finishing another annual report on our economy.
Speaking at the gathering, Deputy CEO of GIPC Yaw Amoateng Afriyie stated, “The GIPC takes great pride in its ongoing partnership with the Oxford Business Group (OBG) in producing the very informative Ghana Report.”
The OBG Report, which is full of trustworthy information about the Ghanaian economy in a variety of areas, is now a vital resource for marketing Ghana.As a reliable resource guide, it benefits both local and foreign companies by drawing in new capital and bolstering the ones that are already well-established.
Ghana’s economic trajectory is at a crossroads right now. With a longer-term commitment to improving wealth for all, a number of significant international actors are developing cross-border payment systems throughout the continent to promote economic integration and progress in Ghana and throughout Africa, according to Mike Ogbalu, CEO of PAPSS.
Ghana is persistently striving for sustainable development and foreign investment, and The Report: Ghana 2024 is a vital resource for investors, policymakers, and companies attempting to understand the changing market dynamics.
The research, which was co-authored with GIPC, is anticipated to help political and commercial leaders make well-informed decisions.
The Association of Ghana Industries, Afreximbank, Africa Prosperity Network, Minerals Income Investment Fund, PwC, and Koranteng & Koranteng are among the partners that Oxford Business Group would also like to thank for their significant contributions to The Report.
