Risk Factors
While Ghana has successfully ensured economic growth in recent years, there is still considerable commercial risk for businesses due to its exposure of external debt (50%) to foreign exchange liquidity, share of commercial loans (50% of external debt), low international reserve coverage and persistent fiscal deficits.
Due to an overreliance on commodity exports, Ghana is particularly susceptible to volatile price movements caused by external factors, such as negative foreign investor sentiment, capital outflows, exchange rate pressures and weaker demand. High numbers of non-performing loans have made debt collection agencies in Ghana more crucial than ever, especially in the banking sector.
If you are doing business in Ghana, Cedar Financial can help you reduce risks, improve Days Sales Outstanding (DSO) and increase cash flow.
We offer a full range of accounts receivable management solutions, including international credit reports, in-person field visits, expert collections services and more.
With in-depth knowledge of most risk factors that negatively affect businesses in Ghana, Deomeg is well placed to guild you navigate all the prevailing factors.
