AGI is satisfied with the latest report
Business confidence in the final quarter of 2014 improved appreciably, according to the business barometer report released by the Association of Ghana Industries (AGI) on Tuesday, February 3.
Though the recorded index of 98.0 in the quarter was below the 100 base threshold, it was a significant improvement on the previous quarter?s figure of 42.0.
?Power supply remains the most critical challenge for business,? stated the report in its conclusion.
Concerns were also raised by captains of businesses over access to credit from banks in doing business.
The report, however, projected a positive impression for exports, especially for the next three months.
AGI?s President James Asare-Adjei expressed satisfaction at the latest report, saying: ?It is really gratifying that we have seen that the steep decline in business confidence in the economy has reversed.?
The business barometer is a quarterly survey of managers and chief executive officers of major indigenous businesses in the country.