THE AGI BUSINESS BAROMETER PRESENTATION OF RESULTS 3rd QUARTER, 2015 3rd November 2015 TRADE FAIR...
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THE AGI BUSINESS BAROMETER PRESENTATION OF RESULTS 3rd QUARTER, 2015 3rd November 2015 TRADE FAIR CONFERENCE ROOM
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SAMPLE DISTRIBUTION Sample Size – 456 Sample Distribution by Sector Manufacturing – 37% Service – 44% Construction – 19% 3
Transcript of THE AGI BUSINESS BAROMETER PRESENTATION OF RESULTS 3rd QUARTER, 2015 3rd November 2015 TRADE FAIR...
THE AGI BUSINESS BAROMETER
PRESENTATION OF RESULTS3rd QUARTER, 2015
3rd November 2015TRADE FAIR CONFERENCE ROOM
OUTLINE
Sample DistributionKey Findings
Business Performance Employment Indicator GRA Single Window
System Major Challenges Business Indicator Comparative Analysis
3
SAMPLE DISTRIBUTIONSample Size – 456
Sample Distribution by Sector• Manufacturing – 37%• Service – 44%• Construction – 19%
BUSINESS PERFORMANCEQ3/2015
Better Same Worse0
10
20
30
40
50
60
70
40 39
21
60
33
7
CurrentExpectation
EMPLOYMENT INDICATOR
Increase Remain the same Decrease0
10
20
30
40
50
60
70
27
60
13
6
GRA SINGLE WINDOW SYSTEM
Awareness of Single Window System
YES NO44
45
46
47
48
49
50
51
52
53
47
53
Usage of the Single Window System
YES NO0
10
20
30
40
50
60
70
32
68
The Single Window System as compared with the previous system
Convenient Not Convenient0
10
20
30
40
50
60
70
66
34
MAJOR CHALLENGES Q3, 2015
Cost of credit
Access to credit
Multiplicity of taxes
Inadequate power supply
Exchange rate volatility
5th
4th
3rd
2nd
1st
CHALLENGES BY SECTOR
SectorChallenges
1st 2nd 3rd
Manufacturing Exchange rate volatility Inadequate power supply Multiplicity of taxes
Service Exchange rate volatility Inadequate power supply Multiplicity of taxes
Construction Exchange rate volatility Delayed payment Access to credit
CHALLENGES BY SIZE
SizeChallenges
1st 2nd 3rd
Small Exchange rate volatility
Inadequate power supply Access to credit
Medium Exchange rate volatility
Inadequate power supply Multiplicity of taxes
Large Exchange rate volatility
Inadequate power supply Multiplicity of taxes
African Giants Exchange rate volatility
Inadequate power supply Multiplicity of taxes
THE INDICATORThe Business Barometer Indicator is
the statistical mean of Situation and Expectation
The BB expresses the state of the business confidence as an index, with 100 as the base index. It is calculated out of “current” business mood and “expectations” for the future.
This simple “balance method” is applied by many Business Climate Indicators.
INDICATOR RESULTS
Q2-09
Q3-09
Q4-09
Q1-10
Q2-10
Q3-10
Q4-10
Q1-11
Q2-11
Q3-11
Q4-11
Q1-12
Q2-12
Q3-12
Q4-12
Q1-13
Q2-13
Q3-13
Q4-13
Q1-14
Q2-14
Q3-14
Q4-14
Q1-15
Q2-15
Q3-15
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
95.85
22.42
42.00
98.00
85.00
87.90
102.30
Business Confidence Index Q3, 2015
INDICATOR CHANGE (Q4 2014 – Q3 2015)
Q4-14 Q1-15 Q2-15 Q3-150.00
20.00
40.00
60.00
80.00
100.00
120.00
98.00
85.00 87.90
102.30
COMPARATIVE ANALYSISQ2, 2015 & Q3, 2015
BUSINESS PERFORMANCE Q2, 2015 Q3, 2015
Better Same Worse0
10
20
30
40
50
60
40 39
21
60
33
7
CurrentExpectation
BETTER SAME WORSE0
5
10
15
20
25
30
35
40
45
19
4139
4244
14
CurrentExpected
EMPLOYMENT INDICATOR Q2, 2015 Q3, 2015
INCREASE REMAIN THE SAME
DECREASE0
10
20
30
40
50
60
70
21
60
19
Increase Remain the same
Decrease0
10
20
30
40
50
60
70
27
60
13
MAJOR CHALLENGES Q2, 2015 Q3, 2015
Cedi depreciation/ exchange rate volatil-
ity
Inadequate power supply
Multiplicity of taxes
Access to credit
Cost of credit
1st
2nd
3rd
4th
5th Cost of credit
Access to credit
Multiplicity of taxes
Inadequate power supply
Exchange rate volatility
5th
4th
3rd
2nd
1st
CONCLUSION Confidence level improves significantly in Q3, 2015 (102.30) as
compared to the 87.90 points recorded in Q2, 2015.
Employment level within the next six months is expected to largely remain the same.
Awareness of the single window system, recently introduced by Customs, GRA is minimal. Nevertheless, users rated it as being more convenient (faster and less expensive) as compared to the previous system.
The major challenges that Industry continues to face include exchange rate volatility, inadequate power supply and multiplicity of taxes.
THANK YOU!!!
CONTACT
The Chief Executive OfficerAssociation of Ghana Industries
2nd Floor, Addison HouseTrade Fair Centre, La, Accra
P. O. Box AN-8624, Accra North, Ghana Phone: +233-0302-779023/4
Email: [email protected]: www.agighana.org
QUESTIONS AND ANSWERS TIME
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