{
  "id": 18439263,
  "title": "‘Things are a bit better’ – GNCCI CEO on business conditions",
  "url": "https://urgent.news/2026/11/06/things-are-a-bit-better-gncci-ceo-on-business-conditions-18439263",
  "topic": "world",
  "section": "World",
  "published": "2026-11-06T02:27:00.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/things-are-a-bit-better-gncci-ceo-on-business-conditions/"
  },
  "original_language": "en",
  "account": "Businesses in Ghana are experiencing some respite as falling interest rates, tax cuts, and a stable exchange rate ease their financial burdens, according to Mark Badu-Aboagye, CEO of the Ghana National Chamber of Commerce and Industry (GNCCI). Speaking on Joy News’ PM Express Business Edition, Badu-Aboagye noted that production costs were improving compared to previous years, although they still need further enhancement. He described the 2026 budget as business-friendly, attributing the relief to tax relief benefiting both businesses and consumers, alongside declining interest rates that have eased production costs. \"So largely, the cost of production is relatively better. It could have been better in a way,\" he stated.\n\nHowever, Badu-Aboagye acknowledged that single-digit inflation could partly be attributed to businesses' restraint in pricing. He emphasized that businesses had not been increasing prices excessively, relying on the national average of 5.5 percent inflation as the basis for his assessment. While he acknowledged that this figure did not reflect every individual's experience, noting that some regions had inflation rates above the national average, he considered Ghana's prices relatively stable overall.\n\nExchange rate stability and production costs were identified as significant contributors to the inflation figure. Despite this, Badu-Aboagye pointed out that inflation for locally manufactured goods had slightly increased, indicating that while business conditions have improved, they are not yet fully resolved. He suggested that further cost reductions, coupled with the tax relief already received, could help lower the cost of locally manufactured goods and push inflation down further.",
  "summary": "The CEO of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu-Aboagye, says production costs still need improvement.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}