President Nana Akufo-Addo has officially received the first copy of Oxford Business Group’s (OBG) annual economic report, The Report: Ghana 2024.
The report was presented during a meeting with the President, Oxford Business Group, and the Ghana Investment Promotion Centre (GIPC) in Accra on August 27th.
Key Highlights of the Report:
- Positive Economic Outlook: The IMF has revised its 2024 GDP growth forecast for Ghana upward to 3.1%, citing positive fiscal and structural reforms and prudent monetary policy.
- Regional Economic Integration: The report explores how Ghanaian businesses are capitalizing on opportunities within the African Continental Free Trade Area (AfCFTA).
- Infrastructure Development: The report analyzes recent progress in infrastructure development and its impact on economic productivity and export potential.
Significance of the Report:
- Resource for Leadership: The report serves as a valuable resource for Ghana’s leadership and economic strategists.
- Comprehensive Analysis: It provides a detailed analysis of Ghana’s economic landscape, including growth drivers, investment opportunities, and the broader economic outlook.
- Government Policies: The report examines the impact of government policies on the business environment and Ghana’s position within regional economic integration.
Collaboration and Distribution:
- Partnerships: Oxford Business Group collaborated with the Ghanaian government and GIPC to produce the report.
- Distribution: The report is available to Oxford Business Group subscribers and through partners like Dow Jones Factiva, Bloomberg Professional Services, and Refinitiv Eikon.
- GIPC Distribution: GIPC is distributing the report to its extensive database of entrepreneurs, businesses, and diplomats.
Government and Industry Perspectives:
- President Akufo-Addo: The President acknowledged the report’s importance and emphasized the role of foreign investment in Ghana’s economic development.
- GIPC: The GIPC highlighted the report’s value as a tool for promoting Ghana and attracting investors.
- Industry Partners: Several organizations, including Afreximbank, Africa Prosperity Network, and PwC, contributed to the report.
Conclusion:
The Report: Ghana 2024 offers valuable insights into Ghana’s economic landscape and provides a foundation for informed decision-making by investors, policymakers, and businesses. As Ghana continues its economic journey, the report’s analysis will be instrumental in navigating the evolving market dynamics and achieving sustainable development goals.
