The Business Council for Africa (BCA) Ghana, a global business association in Ghana, has announced its maiden Annual Economic Review Forum which comes off on Monday, 12 November 2018 in Accra.
The event which is being organized in partnership with The Business Executive Magazine has the theme: ‘Deepening Government’s Collaboration with The Private Sector: The Role of Policy.’
In a press release, the Chairman of BCA, Kwadwo Ohemeng Asumaning, described the forum as an event that has been late coming as a much-needed platform to consistently bring the government and the private sector together for the good of the economy, especially in the present dispensation where information is of the essence.
“The idea of this forum is to create a platform where relevant experts in the public and private sectors, and the academia, would perform flawless and objective review of the economy with the sincere and singular objective of bringing clear discernment of the direction and state of the economy to the private sector and, while doing that, ensure that government’s objectives in each year’s budget is properly fashioned and targeted to boost productivity.
“The forum will create the atmosphere for dialogue,” he continued, “and will be an annual event providing its own unique opportunity for peer exchange of ideas and networking amongst the private sector.”
Mr Asumaning said there are a whole lot of issues of the economy that demand constructive conversations, or dialogue, with the government in order to achieve the buy-in of the private sector and assure the government of the appropriateness, or otherwise, of some of its policies.
“Better understanding of tax issues is of interest to the private sector; we are concerned about the government meeting its revenue targets and in knowing the role the private sector can effectively play towards achieving this.
The current financial sector vulnerabilities and on-going efforts of the government on this matter also interest investors and the private sector. We are interested, as well, in the recent exchange rate pressures and that is why we are looking forward to the participation of the Bank of Ghana in this forum so that they can use the platform to enhance communication on the situation. These underscore the necessity and importance of this forum,” Asumaning said.
Some of the objectives of the one day forum, according to the organizers, would be to create and provide a privileged opportunity to acquire a better understanding of the state of the economy; make available to the private sector a special opportunity for clear and correct understanding of specific government’s policies; ensure that challenges to achieving a good year for the private sector is minimised through valuable and targeted enlightenment by the government as the event offers the government a direct feedback channel on the impact of its policies on its core target.
Mr Asumaning explained further that, “experts shall be engaged to present and dissect key aspects of the economy and relevant policies. We are positively expecting that the Minister for Finance, Hon. Ken Ofori-Atta, would grace the occasion to deliver the Keynote Address on the theme: Deepening Government’s Collaboration with The Private Sector: The Role of Policy.”
The forum shall cover the following thematic areas as the economy, fiscal policy, finance and banking and investments - in the area of public-private partnerships in on-going government programs like the One District One factory, Planting for Food and Jobs and government’s incentives for small business, etc.
The Business Council for Africa, West & Southern (BCA W&S) is an organisation run by an Executive Board and secretariat in London, with regional Councils in Cameroon, Côte d’Ivoire, Ghana, Nigeria and Senegal.
A group of over 350 companies and entrepreneurs having interests in West and Southern Africa, BCA is closely linked with the EU through its membership of the Business Council for Africa UK which is part of the European Business Council for Africa and the Mediterranean (EBCAM).
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