President John Dramani Mahama
President John Dramani Mahama has assured businesses and investors that recent economic stability is not temporary but expected to be sustained in the long term for the development of the country.
Speaking at the 10th Ghana CEO Summit in Accra yesterday, President Mahama said this among other things will be maintained through fiscal discipline through a new agreement with the International Monetary Fund (IMF).
“Captains of industry and businesses can therefore be rest assured that the current stability we are enjoying is not a fluke, it will be sustained into the future,” he added.
President Mahama also called for deeper collaboration between government and the private sector to drive the country’s economic transformation adding that economic transformation alone is not enough without jobs and improved living conditions for citizens.
“We have spent considerable time discussing economic recovery, stability and national reset. These are necessary foundations but they are not enough on their own,” he said.
According to him, economic transformation should be measured by economic impacts in the lives of the people and expressed the government’s preparedness to improve the livelihood of people giving the current economic gains while urging public servants to ensure bureaucratic bottlenecks do not hamper businesses and investors.
“A business man should not waste productive time shuffling between public offices to obtain routine approvals. A serious investor should not receive conflicting signals from agencies of state. Clear procedures, reduced duplication, transparent rules and faster service delivery all influence a business decision to expand operations, hire more staff and compete more effectively in the export space.”
The 10th CEO summit was held under the theme, “Managing Financial Sector Reforms and Industrial Growth: Driving Ghana’s Economic Transformation from Vision To Action.”
By Ebenezer K. Amponsah