Promising 2016 Group Ndoum Research predict a positive outlook for Ghana in 2016

According to the research, the stable power crisis, stable cedis and expected rise in government expenditure in 2016 looks good for Ghana.

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Group Ndoum Research (GNR) has predicted a positive economic outlook for Ghana in 2016. In a widely circulated research article on economic performances in Africa, GNR also tagged Ghana among worst performing African countries in 2015.

According to the research, the stable power crisis, stable cedis and expected rise in government expenditure in 2016 looks good for Ghana.

"Meanwhile, the outlook for Ghana in 2016 looks a bit promising given the possible minimization of the energy crisis, relatively stable cedi and expected rise in government expenditure ahead of the December elections."

On the other hand, the research noted that the recent Fed rate hikes could force central banks in Africa including Ghana to "further tighten monetary policy stance."

In addition, the report said: "As at December 24, 2015, the Zambia kwacha recorded the highest Year-to-date (YTD) depreciation of 71.3%, followed by Malawi kwacha (41.1%), South African Rand (31.4%), Namibian dollar (31.1%) and the Tanzanian shilling (23.1%)."

"The Ghana cedi, Botswana pula and Kenyan shilling recorded a YTD depreciation of 18.4%, 17% and13% respectively."

This translated into increases in prices of goods and services on the domestic market, made most countries less competitive and increased current account deficit to GDP drastically, the report said.

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