• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Economic Pressures, Strained Business Operations Pushes Ghana to 7th Position on Trade Attractiveness Index

10 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Trade
1 min read
0 0
0
108
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Economic Pressures, Strained Business Operations Pushes Ghana to 7th Position on Trade Attractiveness Index

Ghana’s trade attractiveness has sharply declined, plummeting from third to seventh place among African nations, according to the latest edition of the Standard Bank Africa Trade Barometer (SB ATB). This significant drop underscores the mounting economic pressures the country faces, primarily stemming from a deteriorating macroeconomic environment and diminishing trade confidence.

The SB ATB report indicates that Ghana’s waning trade competitiveness raises serious concerns regarding its capacity to sustain growth in the face of ongoing economic volatility. “As economic conditions worsen, Ghana’s ability to facilitate seamless trade has come under strain,” the report notes. This is particularly detrimental for small and medium-sized enterprises (SMEs), which have increasingly struggled to access foreign currency—especially US dollars—necessary for import payments and cross-border activities.

Philip Myburgh, Group Head of Trade at Standard Bank Business and Commercial Banking, stated, “As Africa progresses towards greater integration under the African Continental Free Trade Area (AfCFTA), the SB ATB provides vital insights into the evolving opportunities and challenges faced by businesses across the continent.” The report highlights shifts in macroeconomic conditions, infrastructure deficits, and access to finance that are collectively impacting the trade landscape of the ten countries assessed.

Among the ten nations featured, Ghana’s fall in ranking is part of a broader trend. While Ghana’s trade attractiveness deteriorated, countries such as Tanzania (rising to fourth from eighth) and Mozambique (advancing to third from fourth) recorded notable improvements. Uganda and Kenya, conversely, also experienced declines, illustrating a dynamic and shifting trade environment.

The SB ATB evaluates trade conditions across seven thematic categories, including trade openness, macroeconomic stability, and governance. This comprehensive framework aims to address the critical information gap regarding reliable African trade data, essential for promoting intra-African trade growth.

Despite projected real GDP growth of 4.3% for 2025, Ghana grapples with persistent challenges, including high inflation—expected to reach 9.9% in 2024—driven by currency depreciation and exacerbated by adverse weather events.

RelatedPosts

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

As the continent seeks sustainable economic growth amid these complexities, Standard Bank stresses the need for prudent economic management and diversified growth strategies. “The SB ATB serves as a strategic tool for businesses to navigate the evolving trade landscape and foster sustainable economic development across Africa,” Myburgh added, underscoring the bank’s commitment to supporting the growth of the continent’s dynamic economies.

Tags: AFCFTAEconomic PressuresStandard Bank Africa Trade Barometer (SB ATB).Strained Business Operations Pushes Ghana to 7th Position on Trade Attractiveness IndexTrade Attractiveness Index

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

OPEC+ Nears Decision Point on Next Oil Output Hike

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Trending

Business

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

August 3, 2025

Multichoice Rebuffs Minister's Claim On DSTV Price Cuts, Cites Market Conditions MultiChoice Ghana has pushed back against...

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.