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Hilbroy Advisory: CEPA says medium-term economic prospects bright
Hilbroy Advisory: CEPA says medium-term economic prospects bright
The Executive secretary of the Centre for Policy Analysis, Dr Joe Abbey, has stated that the medium-term prospects of the economy are bright, but there are short-term challenges as well.
Montreal,
Quebec,
Canada
(prbd.net)
12/05/2011
Montreal, Quebec, May 11th, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports:
The Executive secretary of the Centre for Policy Analysis, Dr Joe Abbey, has stated that the medium-term prospects of the economy are bright, but there are short-term challenges as well.
He said as the country assumed the new position of oil producer and middle-income status. It should learn to effectively deal with the related pressure from the citizens to increase expenditures in order to overcome infrastructural deficiencies and institutional weaknesses, as well as improve economic well being.
Speaking in Accra at the launch of a publication by CEPA titled “The Dawn of the Oil Era,” Dr Abbey said how these pressures were managed could have significant implications for economic stability, job creation, the concessionality of external loans and the governance issues associated with the “natural resource curse.”
He said these implications warranted special attention and that CEPA offered insights into the challenges at hand and provided some suggestions for addressing them in their publication.
Dr Abbey said in addition to assessing developments in the various sectors of the economy, the publication provided an intuitive appraisal of the financial health of the economy the country both against the background of the high non-performing loans in the banking system and the important evolving lessons from the global financial crisis and its consequences of world recession.
He said a number of suggestions and guidelines had also been advanced in the publication for setting budget deficit targets, making realistic provisions for key expenditure items such as the public sector wage bill and government financed development budget.
Dr Abbey said the publication also dealt with the informal domestic public debt problem.
He said it was important that increases in the policy rate of the Bank of Ghana that might become necessary as a response to high oil price increases in international markets did not result in automatic increases in the lending rates of the Commercial Banks.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
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About
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
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