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Newsletter – December 2016

Newsletter – December 2016
 

Nana Akufo-Addo
New Government To Boost Economy

It is speculated that a boost in the economy is likely to occur due to the positive public expectation caused by the incoming government. This is likely to cause a slump in key macroeconomic indicators such as inflation due the confidence in an administration led by Nana Akufo-Addo.

 

There have been reports of a reduction the price of goods following the election of Nana Akufo-Addo as president on December 7, 2016. Akufo-Addo’s term starts on January 7, however, automobile spare parts dealers in Accra have reduced prices of goods by 30% due to promises which have been made by the incoming government to reduce import duties. Similar situations have also been reported on other markets in Accra and Kumasi.

In economics, expectations play an important role in determining key macroeconomic indicators. People’s expectation of inflation could cause prices to fall; this is because if people expect prices of goods to fall in the near future, they will wait until after the prices have fallen to make the purchase, this will then cause prices to fall even further.

The public’s confidence in the incoming administration can also have positive implications for the local currency, if people expect the cedi to appreciate, or stay stable, they will not hoard foreign currencies such as the dollar, euro, and pound. Last week, before the general election, the cedi was trading at GH¢4.50 but is currently trading at GH¢4.11, this appreciation has been attributed to the successful conduct of the elections.

For more information please feel free to call us on  +44(0) 1274580049  or email us at sales@freightagency.com

 


 

 HH TRM Final 2
We would like to wish all of our customers a very happy holidays from everybody here at Freight Agency and we look forward to seeing you again in the new year.

 


 

Freight Agency Christmas Party

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Earlier this month the freight agency staff joined together to celebrate the coming of the holiday season at a venue in Leeds. The party was thoroughly enjoyed by all involved and was considered a great success. If you would like to put a names to faces for the Freight Agency staff featured in the above picture, please visit http://freightagency.com/who-we-are/

 


 

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Freight Agency Christmas Jumper Day
On Friday 23rd December, all Freight Agency staff came to the office in christmas jumpers and put together a charity donation as part of this occasion, all proceeds raised will me gong to the Macmillan charity.