The Deloitte annual CFO surveys unveil the current mind-set of CFOs in Africa and beyond. In Africa, this year’s Deloitte CFO Survey received an overwhelming response from CFOs in South, Southern, East and West Africa. The survey reports promise to be the most comprehensive reflection of African CFOs’ views yet – with 70% of CFO survey participants from companies with an international footprint. They reveal valuable insights into what is top of mind for CFOs, as well as the underlying drivers of the business approach and strategic choices of these CFOs.
CFO Survey Report for Ghana
Deloitte Africa is proud to present its eighth Deloitte CFO Survey, which incorporates insights of 260 CFOs in Africa.
CFOs across Africa share their views on current business risks, political risks, CFO strategies and the economic climate in Africa.
Key insights into the CFO mind set
Current and future operations
Funding and cash flow
Domestic and political challenges
The role of the CFO
As an integrated African firm, Deloitte is intent on equipping finance leaders with some of the tools and support they need to meet their day to day challenges. This report is one such tool and it is hoped the information and insights recorded here will be of value to the firm’s valued clients and readers.
CFOs in West African countries are more positive about their growth prospects than their Southern African counterparts.
CFOs in West African countries are more positive about their growth prospects over the next few years than their counterparts in Southern African countries, but a little less optimistic than East Africa CFOs.
Nature of the results
This survey as it relates to Ghana and Nigeria is a “pulse survey” intended to provide CFOs with information regarding CFO thinking in the two countries across a variety of topics. It is not, nor is it intended to be, scientific, including in its number of respondents, selection of respondents, or response rate. Accordingly, references to Ghana and Nigeria summarise findings for the two countries, but do not necessarily indicate economy- or industry-wide perceptions or trends. However, the regional data for the collective Southern, East and West African regions is scientific as minimum sample sizes were achieved.
With Ghana continuing to face challenges such as a steep currency depreciation, worsening energy crisis and rising inflation and interest rates, 66% of Ghanaian respondents expect the interest rate to increase in 2016.