
Audio By Carbonatix
An Economist has appealed to the NDC administration to listen to suggestions made by the business community to ensure that an enabling environment for economic growth, job creation and its sustainability was created for all.Dr Alexander Tweneboa, Former President of the Ghana Real Estate Developers Association (GREDA) who made the appeal, said it was only when Government “listened”, “understood”, and “acted” on the challenges of the private sector that could result in rapid socio-economic development.He was speaking to the Ghana News Agency at the weekend in Accra in a telephone interview.Dr Tweneboah described the assurance President Mahama gave that he would support the business community, in his inaugural address delivered on January 7th 2013 at the Independence Square, as a good and welcoming one.He called on the President to give “credible leaning” to his pledge, adding that “we (business community) only hoped he would stick to his word and try to be an ally, as he said”.Dr Tweneboah maintained that there still remained more to be done to enable the private sector to thrive.He said though Government had put in place prudent fiscal policies to stimulate and increase growth as well as to reduce inflation to single digits, the cost of doing business was still very high and “Ghana still has the second highest bank interest rate in Africa”, he said.Dr Tweneboah expressed worry that it was cheaper to borrow money in neighbouring Nigeria and Togo than it was in Ghana adding that “if pragmatic measures are not taken to address the situation, Ghana would soon become a consumer society”.Dr Tweneboah made reference to India, Malaysia and Singapore saying that those countries created favourable environment to sustain their business communities.He said Ghana needed to imitate such countries and to roll out a 10-year strategic plan to consolidate Ghana’s economic gains and to leap into greater heights.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
14 minutes -
Morocco beat Haiti to progress as runners-up
23 minutes -
Trump accuses big oil firms of price-gouging drivers
2 hours -
Buildings collapse as quakes rock Venezuela, ‘high casualties’ likely
2 hours -
Trump asks Congress for $87bn, mostly for ‘urgent’ Iran war costs
2 hours -
Zimbabwe’s upper house approves bill to extend President Mnangagwa’s rule to 2030
3 hours -
Renault plans 800 job cuts in engineering in France
3 hours -
Players to expand prize money protest at Wimbledon
3 hours -
Bosnia knocks out Qatar to boost World Cup last 32 hopes
3 hours -
World Cup: Switzerland beat Canada but both through to last 32
3 hours -
King Charles meets women’s cricket team that is not allowed to exist
3 hours -
Meet Kevin Akoto and friend being paid $50,000 to watch every single World Cup match
4 hours -
British Airways pilot who raped girl, 12, jailed
4 hours -
Fix Kasoa–Winneba road or face 20% fare hike from June 29 – Transport operators warn gov’t
4 hours -
I’ve spent 30 years in recruitment – this is how to get a job
4 hours