Government to strengthen private sector engagement to empower Ghana – Akufo-Addo

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President Summit

The government will continue to strengthen and deepen engagement with the private sector to enable Ghana to achieve the goal of a self-reliant country, said President Nana Addo Dankwa Akufo-Addo.

He said the government recognizes that it is the resilience and ingenuity of the private sector that can ensure economic growth, create substantial employment opportunities for young people and strengthen Ghana’s position as an economic power in Africa. from West.

Speaking on Tuesday at the opening of the inaugural two-day Presidential Business Summit (PBS) in Accra, the President noted that a strong private sector was the surest way for the Ghanaian economy to fully recover from the effects of the COVID-19 pandemic.

The PBS which is held under the theme: “Public-private dialogue on the role of the private sector in Ghana’s economic recovery after COVID-19”, is an annual event organized by the Ministry of Trade and Industry, in collaboration with the Office of the President and certain ministries, departments and agencies.

The Summit aims to provide a platform for constructive dialogue between government and the private sector on critical areas of interest to the private sector.

President Akufo-Addo said that due to the importance of the Summit, he called on heads of government institutions to fully participate in the event “to ensure that there is a constructive dialogue with the sector. private to enable us to achieve our vision of a Ghana beyond aid.

He noted that the thematic areas and sectors selected for deliberations during the Summit were carefully chosen to ensure that the outcome would be a workable Business Compact with clear commitments for government and the private sector.

The President assured the actors of the private sector that the Business Compact which would be drawn up during the Summit would be fully respected and implemented by his administration.

“The government will ensure that its obligations under this Pact are respected, and I hope that you, the private sector operators, will do the same as well,” he said.

The PBS will detail specific priority areas of government policy interventions in support of private sector development, which would be aligned with the government’s strategic framework for private sector development, including the budget statement and economic policy for the sector. year 2022.

The Summit will focus on five cross-cutting thematic areas, including tax and non-tax incentives to support production and private sector development; Foreign exchange regulation and currency stability; Access to finance and cost of capital; Energy pricing, availability, access and reliability; and, Supporting local industries through public procurement and local content regulation.

Seven economic sectors – Agriculture and Agri-food; Manufacturing; construction and mining; Financial services; Information and communication technologies; Tourism and hospitality; and transport and logistics will take center stage in the discussions.

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