Economy will be set on course after elections
Article Abstract:
Ghana faces elections and predictions relating to the economy will be easier once they have been held. Ghana has to reduce interest rates and inflation in order to stabilise the economy. The finance minister, Richard Kwame Peprah, aims to have decreased inflation to 25% from 70% by year-end 1996. Meanwhile economic growth has been boosted by liberalization and direct foreign investment. Foreign debt, forecast at more than $6 billion by year-end 1997, is a problem, as is the weakening of the Ghanian cedi. Exports are increasing and were worth $393 million in 1st qtr 1996 compared with $335 million for 4th qtr 1995.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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On course for entry to EU
Article Abstract:
The Czech economy started to recover in 1994 and gross domestic product (GDP) grew by 5% in 1995, a figure likely to be exceeded in 1996. Inflation was a little over 9% in 1995, while unemployment is between 3% and 4%, and drops to 1% round Prague, risisng to 7% in mining regions. The widening balance of payments deficit is causing concern. Capital inflows from abroad have been encouraged by liberal laws. The Czech government has applied to join the European Union but further progress has to be made before full membership canbe achieved.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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What Labour means for UK industry
Article Abstract:
The UK Labor Party has made statements to business which resemble those of the Conservative Party but some changes such as the introduction of a minimum wage could be made. The impact of the minimum wage depends on its level. The European Union Social Chapter could be applied to the UK, though some companies are already implementing measures in the Social Chapter. Investment in housing would benefit the construction industry, while utilities could see their profits affected by higher taxes.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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