1. THE AGI BUSINESS BAROMETER PRESENTATION OF RESULTS 1 ST QUARTER OF 2015 7th May 2015 AGI CONFERENCE ROOM, ANNEX

2. OUTLINE  Sample Segmentation  Size  Sector  Region  Results  Business Performance  Employment  Business Indicator

3. RESPONSES BY SIZE

4. RESPONSES BY SECTOR

5. RESPONSES BY REGION

6. BB Q1 2015 – THE RESULTS

7. BUSINESS PERFORMANCE Q1/2015

8. EMPLOYMENT EXPECTATION

9. MAJOR CHALLENGES

10. CHALLENGES BY SECTOR Sector Challenges 1st2nd3rd Agriculture Cedi depreciation/exchange rate volatility Availability of power supplyUnfair Competition on Markets ManufacturingAvailability of power supply Cedi depreciation/exchange rate volatility Cost of Credit ServiceAvailability of power supply Cedi depreciation/exchange rate volatility Multiplicity of Taxes ConstructionDelayed paymentAvailability of power supplyAccess to Credit

11. CHALLENGES BY SIZE Size Challenges 1st2nd3rd MicroAvailability of power supplyUnfair Competition on MarketAccess to Credit SmallAvailability of power supply Cedi depreciation/exchange rate volatility Labour Cost MediumAvailability of power supply Cedi depreciation/exchange rate volatility Cost of Credit/Delayed Payment LargeAvailability of power supply Cedi depreciation/exchange rate volatility Cost of Credit African GiantAvailability of power supply Cedi depreciation/exchange rate volatility Cost of Credit/Influx of Imported Goods

12. THE INDICATOR The Business Barometer Indicator is the statistical mean of Situation and Expectation The BB expresses the state of the business confidence as an index, with 100 as the base index. It is calculated out of “current” business mood and “expectations” for the future. This simple “balance method” is applied by many Business Climate Indicators.

13. INDICATOR RESULTS

14. INDICATOR CHANGE (Q2 2014 – Q1 2015)

15. COMPARATIVE ANALYSIS Q4 2014 – Q1 2015

16. BUSINESS PERFORMANCE Q4 2014Q1 2015

17. CONCLUSION. Confidence in the business environment dropped in Q1 2015 (85.0) as compared to Q4 2014 (98.0). Employment within the next six months is expected to decrease (especially if the current power crisis is not resolved.) Just as Q4 2014, businesses still remained under pressure from inadequate power supply, cedi depreciation, and difficulty in accessing credit

18. Effect of Power Crisis on Businesses

19. Estimate of expenses on fuel between October 2014 and March 2015 Implication SizeNumberMinimumMaximumMeanMonthlyWeeklyDaily Large 1815,000.0025,000,000.002,972,432.06 495,405.34123,851.3424,770.27 SME 201,000.006,600,000.00421,262.50 70,210.4217,552.603,510.52

20. NEW ADDITIONS TO THE BUSINESS BAROMETER SURVEY (to begin in Q4, 2015)

21. NEW ADDITIONS TO THE BUSINESS BAROMETER SURVEY Introduction of seasonal adjustment to the data analysis. This process eliminates every form of seasonality (eg. Easter & Christmas, dry & raining seasons) in the data set which might influence the business environment either negatively or positively; and reflects real sentiments of business owners. Regional Analysis. This will showcase detailed analysis on the various regions to discover prospects and/or challenges that are region- specific, hence aid our advocacy strategy.

22. THANK YOU!!!

23. CONTACT The Chief Executive Officer Association of Ghana Industries 2nd Floor, Addison House Trade Fair Centre, La, Accra P. O. Box AN-8624, Accra North, Ghana Phone: +233-0302-779023/4 Email: agi@agighana.orgagi@agighana.org Website: www.agighana.orgwww.agighana.org