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Africa\u2019s largest bank, Standard Bank, trading in Ghana as Stanbic Bank, has launched the third edition of leveraged its Africa Trade Barometer (SB ATB). The report leverages the bank\u2019s presence and expertise across the continent to address the information vacuum of reliable African trade data and to support and enable the growth of intra-Africa trade.
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Speaking at the launch of the report in Accra, Head of Business and Commercial Banking at Stanbic Bank, Farihan Alhassan, said the report was borne out of the bank\u2019s desire to have up-to date data for African businesses to help them thrive. He said \u201cFree Trade Availability of trade data remains a challenge across Africa and the Standard Bank\u2019s Africa Trade Barometer aims to fill part of this data gap through up-to-date survey data on the views of African businesses on the environment they operate in, their trade behaviour, trading activities and their perceptions on trade.\u201d
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\u201cAfrica is our home; we drive her growth and knowing how important businesses, especially MSMEs are in driving growth on the continent, we decided to produce this report to provide cutting edge data and insights to businesses to guide their operations and decision making. And now that the continent is set to fully implement the Africa Continental Free Trade Agreement (AfCTA), it critical that we have up-to-date data for businesses to rely on,\u201d he added.
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The SB ATB was launched in 2022 with the intent of creating Africa\u2019s leading trade index to address the information vacuum of reliable African trade data and to support and enable the growth of intra-Africa trade. The SB ATB focuses on 10 countries \u2013 Angola, Ghana, Kenya, Mozambique, Namibia, Nigeria, South Africa, Tanzania, Uganda, and Zambia. Seven broad thematic categories are trade openness, access to finance, macroeconomic stability, infrastructure, foreign trade, governance and economy, and traders\u2019 financial behaviour. The report is available at https:\/\/www.stanbicbank.com.gh\/static_file\/ghana\/Downloadable%20Files\/2023%20Africa%20Trade%20Barometer_Issue%203_Ghana%20Report.pdf<\/p>\n
Source: Peacefmonline.com<\/span><\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n
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