Ghana’s plans to add value to its natural resources as a means of boosting export growth will be explored in a forthcoming report by the global publishing firm Oxford Business Group (OBG).
The Report: Ghana 2017 will shine a spotlight on the country’s agriculture industry which is seen as a key driver of growth, despite the commodity slowdown.
OBG’s publication will consider the latest 2016 growth forecasts for Ghana, which range from 4.5percent (IMF) to 5 percent, rising to 6 percent by 2017 (Ministry of Finance and Economic Planning), after a difficult 2015.
The Report: Ghana 2017 will also document the measures that the country is taking to improve overall competitiveness, including the development of its capital markets and the challenges that high interest and borrowing rates present.
Liberty Capital has signed a memorandum of understanding (MOU) with OBG for the publishing firm’s sixth report on the country. Under the MOU, the company will team up for a third time with OBG to compile and produce the Capital Markets chapter of The Report: Ghana 2017.
William K. Adjovu, Managing Director, Liberty Capital, said, he expected the company’s research with OBG to focus on the pivotal part that agriculture will play in driving new growth and the impact that the launch of the Ghana Commodities Exchange could have on the sector’s development, given that the market platform may well be up and running by 2017.
“Our best return on investment, socially and economically lies in agriculture,” he noted. “The Ghana Commodities Exchange could accomplish several goals: first, wide-scale promotion of agriculture; second, the creation of agriculture bonds; and third, the creation of a cocoa mutual fund that could be listed.”
OBG’s country director in Ghana, Shadeh Olivia Van Esch, said she was delighted that Liberty Capital would once again be keeping the Group’s readers updated on new developments taking place across Ghana’s capital markets in 2016 and 2017.
“Liberty Capital’s team has an in-depth understanding of Ghana’s capital markets and what any changes could mean for those investing via the Ghana Stock Exchange and Ghana Alternative Market,” she said. “I look forward to building on our partnership and documenting what looks set to be an increasingly positive outlook for Ghana’s agriculture industry in the near term.”
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 President John Dramani Mahama, the Minister of Finance and Economic Planning Seth Terkper and the Governor of the Bank of Ghana Abdul-Nashiru Issahaku. The report will be published in partnership with the Ghana Investment Promotion Centre, Deloitte Ghana, the Association of Ghana Industries and Liberty Capital. It will be available in print and online.