Business sentiment in Ghana appear to improve

Business sentiment in Ghana is looking up, according to the Association of Ghana Industries (AGI), which has just released its second quarter Business Barometer Index (BBI) report.

The BBI, which measures business sentiment, was 109.2, up from the 103.8 in the first quarter.

AGI President James Asare-Adjei said that business confidence at the beginning of the year rose and had continued rising into the second quarter with most companies upbeat about economic prospects this year.

However the private sector faces major challenges such as the high cost of electricity, high interest rates, access to credit, exchange rate movements as well as tough competition from imports.

Asare-Adjei urged the government to address these issues, as well as red tape at the ports.

Source: ITTO