Business
and commercial activities have resumed after the Christmas and New Year
festivities, though on a rather slow pace.
The
beginning of each year comes with fresh ideas for businesses to introduce
products and services to satisfy clients and maximize income.
As most
commercial ventures strategize for the months ahead, customers expect excellent
service delivery to have value for their money.
Luv Biz
Report has been speaking to an economist, Deodat Adenutsi who believes businesses that
are aggressive and have good strategic plans can make a lot of gains in 2013.
In his economic
outlook for Ghana in 2012, Mr. Adenutsi commended policy makers for
macroeconomic stability, observing that the country’s interest rate had remained
relatively stable whilst the rate of the cedi exchange at the forex market was controlled
under manageable limits.
The economist
however noted that job creation could have been better for 2012, a year that was characterized
by electioneering in Ghana.
The outcome
of the polls is yet to be accepted by all political interest, as the main opposition
party challenges the election results in court.
Mr.
Adenutsi said political stability and limited industrial actions are important
for the economy to grow in 2013.
“In 2013
if these political issues will be addressed and there is stability, then I can
say that the future will be very bright for Ghana…I expect more inflows of
foreign resources [in terms of foreign direct investments], given that the environment
is stable and I expect our export earnings to go up because we have to expect
more from our crude oil” Mr. Adenutsi anticipated.
He also expects
the Bank of Ghana to continue working towards a “nose-diving rate of inflation
target” to reflect in policy rate for the banks to be more vibrant and competitive
in reducing interest rates.
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