By Jeorge Wilson Kingson
The Africa Business Confidence Index (ABCI) for the month of September has revealed growth in both the index for manufacturing and non-manufacturing sectors in Africa. The difference compared to August in the manufacturing and non-manufacturing indices shows a decrease
of about 1.1 and 2.0 percentage points respectively.
The index measures business confidence in the manufacturing and non-manufacturing private sector throughout Africa with the results published on monthly basis. The September ABCI results indicate confidence and growth with an index of 51.3 and 53.3 for the
manufacturing and non-manufacturing sectors respectively.
Business professionals from about 30 countries in Africa participated in the survey making the results a reliable gauge and early indicator of the underlying economic activity on the
African Continent.
The ABCI follows a similar methodology and logic as the PMI indices which set the global standard. Members of the Africa Business Panel are business professionals and entrepreneurs working in Africa’s private sector.
On a monthly basis they are invited to report change from the previous month on indicators such as new orders, production, employment, supplier deliveries, inventories, costumer inventories, prices paid, backlog of orders, new export orders and imports for the manufacturing sector. Same are the indicators for the non-manufacturing sector.
Africa Business Panel (ABP) is a joint initiative of Africa Business Communities, a fast-growing network of African entrepreneurs and business professionals, and NarrowMinds which is a leading architect of online market research and loyalty programs.
Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...
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