Business in Ghana

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Posts Tagged ‘FDI’

Most developing countries will benefit from oil price slump, says World Bank Group

Posted by Business in Ghana on January 12, 2015

WASHINGTON, January 7, 2015 Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth, says a World Bank Group analysis of the oil price decline, contained in the latest edition of Global Economic Prospects.

The decline in oil prices reflects a confluence of factors, including several years of upward surprises in oil supply and downward surprises in demand, receding geopolitical risks in some areas of the world, a significant change in policy objectives of the Organization of the Petroleum Exporting Countries (OPEC), and appreciation of the U.S. dollar. Although the relative strength of the forces driving the recent plunge in prices remains uncertain, supply related factors appear to have played a dominant role.

Soft oil prices are expected to persist in 2015 and will be accompanied by significant real income shifts from oil-exporting to oil-importing countries. For many oil-importing countries, lower prices contribute to growth and reduce inflationary, external, and fiscal pressures.

However, weak oil prices present significant challenges for major oil-exporting countries, which will be adversely impacted by weakening growth prospects, and fiscal and external positions. If lower oil prices persist, they could also undermine investment in new exploration or development. This would especially put at risk investment in some low-income countries, or in unconventional sources such as shale oil, tar sands, and deep sea oil fields. Read the rest of this entry »

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Pragmatic and Effective Market Oriented Reforms, Key to China’s Economic Growth: Prof Bala Ramasamy

Posted by Business in Ghana on May 22, 2014

From Ben Ofosu Appiah, Japan

Through pragmatic and effective market oriented reforms, China has been able to lift over 300 million of its people out of poverty in the last 30 years, an economic achievement no other country has accomplished in the past. This was disclosed by Professor Bala Ramasamy, professor of Economics at China Europe International Business School (CEIBS) in an evening of Strategic Conversation on the topic: Enter the Dragon: Policies to Attract Chinese Investment, at the CEIBS Africa Auditorium in Accra, Ghana on Monday 19th May, 2014.

On how China was able to do this, Prof Bala referred to the famous saying of the former Chinese Premier Deng Xiaoping, the architect of Chinese economic reforms, “crossing the river by feeling the stones” to describe the gradual , experimental way reforms were implemented. These reforms according to the professor were aimed at balancing growth  with social  and economic stability. A mix of fiscal, administrative and employment creation policies were introduced  and local government officials were rewarded for delivering on key reform goals: growth, Foreign Direct Investment (FDI), employment and social stability. Read the rest of this entry »

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FDI into Africa accelerates as investor perceptions begin to shift

Posted by Business in Ghana on May 3, 2012

Distributed by African Press Organization on behalf of Ernst & Young

There was strong growth in the number of new foreign direct investment (FDI) projects in Africa in 2011 with project numbers almost up to levels last seen in 2008. In the last decade Africa has seen an increase in inward investment from 339 new projects to the continent in 2003 to 857 in 2011 (an increase of 153%).  Investment has come from across the world, with strong growth in project numbers from rapid-growth markets and developed markets alike with projects from the former increasing from 99 to 319 and developed markets projects from 240 to 538 since 2003. Intra-African investment has also been a key driver of this growth. Read the rest of this entry »

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