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Every business venture is driven by the economy and for this reason; Union Savings and Loans organized an SME clinic to educate their client on factors to consider when making strategic business decisions.  

According to an expert who touched on the 2015 Macro Economic Projections and Implications for Businesses at the summit, this year would be a tricky one for business.

Mr. Edward Abrokwah explained that knowing what the year holds for businessmen would inform their decision on areas to venture into and ones to avoid.  

Understanding every little development in the economy according to him, is an eye opener for businesses operators to know business opportunities that are a threat to what they do.

“It is imperative on businessmen to know this because it informs them on how to make strategic business decisions. The essence is for businessmen to have a guide when making business decisions”, Mr. Edward Abrokwah noted.

Elaborating more on the 2015 Macro Economic Projections and Implications for Businesses, Mr. Abrokwah tasked people in business to first think about the Real Sector when talks about the Economy shoots up. The Real Sector comprises of business players who are into production.

There is also the External Sector which is built by exportation and importation of goods. The role of this sector could be positive on the economy by stabilizing it if more exportation is carried out by business operators.   

“If you hear about cocoa output declining, you as a business operator must be worried about what is going to happen to the cedi. It means we are generating less foreign exchange into the country”, he said.

Below is a step by step point Mr. Edward Abrokwah touched on during his presentation.