Members of the Private Enterprise Foundation (PEF) would soon have the opportunity to meet with the presidency twice yearly to discuss issues relating to the development of the economy. The first of such meetings was held with the Vice-President, John Dramani Mahama, last week.
The owners of private businesses are also expected to engage President John Atta-Mills with their concerns and challenges.
According to PEF they are hoping to use such encounters to advance the cause of the private sector.
PEF believes that the presidency stands the chance of benefiting directly from the experiences of business managers in the country which can foster policy formulation in the private sector.
PEF expects to use the next meeting which is yet to be scheduled discuss in detail issues relating to the implementation of both the Industrial Policy and the Private Sector Development Strategy II which were both okayed by cabinet last month.
PSDS II The strategy sets out a course for government to facilitate private sector development in Ghana to enable Ghanaian firms to become more competitive in international and regional markets.
Under the PSDS II, Ghana’s Gross Domestic Product (GDP) is expected to receive a minimum boost of 10% per annum on the average with expected per capita income o f a US$ 1,200 by 2015 pushing the nation into a middle-income status. The current GDP and per capita income stand at 5.9% and about US$ 700 respectively.
In the strategy, government would take action to address priority constraints on private sector operations by developing a fully-fledged trade policy, enhance quality standards by undertaking a fundamental review of existing state institutions tasked to provide quality standards services with respect to international best practices.
Ghana is objectively rated as having one of the best investment climate s in Africa; businesses perceive the investment climate in the country to be favourable and key barriers to doing business in Ghana are eliminated.
PEF comprises members of the Association of Ghanaian Industries, Chamber of Mines, Ghana Bankers Association, and Chamber of commerce.
The rest are the Federation of Association of Ghanaian Exporters, Ghana Employers Association and other private sector groups.
The owners of private businesses are also expected to engage President John Atta-Mills with their concerns and challenges.
According to PEF they are hoping to use such encounters to advance the cause of the private sector.
PEF believes that the presidency stands the chance of benefiting directly from the experiences of business managers in the country which can foster policy formulation in the private sector.
PEF expects to use the next meeting which is yet to be scheduled discuss in detail issues relating to the implementation of both the Industrial Policy and the Private Sector Development Strategy II which were both okayed by cabinet last month.
PSDS II The strategy sets out a course for government to facilitate private sector development in Ghana to enable Ghanaian firms to become more competitive in international and regional markets.
Under the PSDS II, Ghana’s Gross Domestic Product (GDP) is expected to receive a minimum boost of 10% per annum on the average with expected per capita income o f a US$ 1,200 by 2015 pushing the nation into a middle-income status. The current GDP and per capita income stand at 5.9% and about US$ 700 respectively.
In the strategy, government would take action to address priority constraints on private sector operations by developing a fully-fledged trade policy, enhance quality standards by undertaking a fundamental review of existing state institutions tasked to provide quality standards services with respect to international best practices.
Ghana is objectively rated as having one of the best investment climate s in Africa; businesses perceive the investment climate in the country to be favourable and key barriers to doing business in Ghana are eliminated.
PEF comprises members of the Association of Ghanaian Industries, Chamber of Mines, Ghana Bankers Association, and Chamber of commerce.
The rest are the Federation of Association of Ghanaian Exporters, Ghana Employers Association and other private sector groups.
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