The government, as part of efforts to boost the private sector, has developed the private/public partnership policy which provides opportunities for the private sector to participate in the delivery of infrastructure in the country.
The Minister of Trade and Industry, Mr Haruna Iddrisu, said the policy was intended to support the growth of industries and help the private sector discover new opportunities and promote innovation.
He said this in a speech read on his behalf at the Chief Executive Officers’ (CEOs’) Breakfast Meeting organised by the Ghana Chamber of Commerce and Industry (GCCI) in Accra yesterday.
The meeting, which was organised on the theme: “Moving from a lower middle income to upper middle income: The role of the private sector”, was intended to discuss and obtain first-hand information on the challenges facing the business community in the country.
It was also to provide a platform for captains of industry to take stock of their activities and their contributions towards national development.
Some of the speakers at the meeting were the Managing Director of Stanbic Bank Ghana, Mr Alhassan Andani; the CEO of the KAMA Group, Dr Agyekum Addo, and the Dean of the University of Ghana Business School, Professor Kwame Ameyaw Domfeh.
Mr Iddrisu said the government was making efforts to implement policies that would provide the requisite environment for the private sector to grow.
Among those policies was the Private Sector Development Strategy (PSDS) II which, when implemented, would ensure that the cost and risk of doing business were reduced and the financial sector would be more efficient and relevant to the needs of the private entrepreneur, he said.
He, however, urged the private sector to continue to work hard and not relent in its efforts to provide support to help move the economic status of the country from a lower middle income to a higher middle income.
In his welcome address, the President of the GCCI, Mr Seth Adjei-Baah, said the private sector was an instrument of change, growth and prosperity.
He said Ghana was currently a lower middle income country and the private sector had a role to play to ensure that it moved to an upper middle income level.
He expressed optimism that the meeting would provide a collective solution to the growing economic crisis facing the country.
The Chairman for the occasion, Mr Terrence Darko, in his address, said the private sector faced numerous challenges, adding that the problems made it difficult and expensive to run businesses in Ghana.
“It renders our businesses uncompetitive in the international market,” he said.
He said as one of the fastest growing economies in the world, Ghana’s economy had reached its transitional stage, adding, “It is either we work hard and move to the upper middle income or we continue to complain and deteriorate economically and more.”
The Minister of Trade and Industry, Mr Haruna Iddrisu, said the policy was intended to support the growth of industries and help the private sector discover new opportunities and promote innovation.
He said this in a speech read on his behalf at the Chief Executive Officers’ (CEOs’) Breakfast Meeting organised by the Ghana Chamber of Commerce and Industry (GCCI) in Accra yesterday.
The meeting, which was organised on the theme: “Moving from a lower middle income to upper middle income: The role of the private sector”, was intended to discuss and obtain first-hand information on the challenges facing the business community in the country.
It was also to provide a platform for captains of industry to take stock of their activities and their contributions towards national development.
Some of the speakers at the meeting were the Managing Director of Stanbic Bank Ghana, Mr Alhassan Andani; the CEO of the KAMA Group, Dr Agyekum Addo, and the Dean of the University of Ghana Business School, Professor Kwame Ameyaw Domfeh.
Mr Iddrisu said the government was making efforts to implement policies that would provide the requisite environment for the private sector to grow.
Among those policies was the Private Sector Development Strategy (PSDS) II which, when implemented, would ensure that the cost and risk of doing business were reduced and the financial sector would be more efficient and relevant to the needs of the private entrepreneur, he said.
He, however, urged the private sector to continue to work hard and not relent in its efforts to provide support to help move the economic status of the country from a lower middle income to a higher middle income.
In his welcome address, the President of the GCCI, Mr Seth Adjei-Baah, said the private sector was an instrument of change, growth and prosperity.
He said Ghana was currently a lower middle income country and the private sector had a role to play to ensure that it moved to an upper middle income level.
He expressed optimism that the meeting would provide a collective solution to the growing economic crisis facing the country.
The Chairman for the occasion, Mr Terrence Darko, in his address, said the private sector faced numerous challenges, adding that the problems made it difficult and expensive to run businesses in Ghana.
“It renders our businesses uncompetitive in the international market,” he said.
He said as one of the fastest growing economies in the world, Ghana’s economy had reached its transitional stage, adding, “It is either we work hard and move to the upper middle income or we continue to complain and deteriorate economically and more.”
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