
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
-
Trump accuses big oil firms of price-gouging drivers
32 minutes -
Buildings collapse as quakes rock Venezuela, ‘high casualties’ likely
43 minutes -
Trump asks Congress for $87bn, mostly for ‘urgent’ Iran war costs
53 minutes -
Fix Kasoa–Winneba road or face 20% fare hike from June 29 – Transport operators warn gov’t
2 hours -
I’ve spent 30 years in recruitment – this is how to get a job
3 hours -
Texas family sues Tesla over fatal crash into home
3 hours -
Elon Musk loses trillionaire status as global tech rout hits SpaceX
3 hours -
Court remands two over robbery of couple
3 hours -
Two friends remanded over alleged conspiracy and theft
3 hours -
Side hustles can become success stories; MTN webinar inspires young entrepreneurs
3 hours -
She Captures Humanity supports mothers at Pentecost Hospital in Madina
5 hours -
Agogoman pays tribute to Nana Kwame Akuoko Sarpong
5 hours -
‘People are playing political games with Sedina’s whereabouts’ – Edem Senanu
5 hours -
Which records prove Sedina is in prison? – Baffour Awuah asks Interior Minister
5 hours -
Data Science Analytics expert urges Africa to use data science to solve its problems
5 hours