Skip to main content

Partner with the private sector to develop the local economy- Vice President

 


The Vice-President of Ghana, Dr. Mahamudu Bawumia has urged the Metropolitan Municipal and District Assemblies (MMDAs) to partner with the private sector to develop the local economy.

He said "This is to move the MMDAs from provision of essential services to promotion of enabling environment for the private sector to partner with local authorities to develop and sustain businesses, create jobs and reduce poverty through mobilization of local, natural and human resources as well as value addition".

The Vice-President made these remarks at the 21st Biennial National Delegates Conference of the National Association of Local Authorities of Ghana (NALAG) held at the Great Hall of the Kwame Nkrumah University of Science and Technology, Kumasi.

He said government through the decentralization policy framework included the local economic development as one of the five key pillars of the policy underpinnings of our national decentralization policy and strategy.

economy, NALAG, Jospong Group

Dr. Bawumia indicated that "Our MMDAs are not only agent of political participation but agent for economic development".

He said the theme of the conference "Building the future together; the role of local authorities" is in line with government vision of "working together, bouncing back together" and that a great responsibility lies with the MMDAs to bring development to our communities.

The Executive Chairman of the Jospong Group of Companies, Dr. Joseph Siaw Agyepong in a presentation at the conference highlighted the role of the private sector in bringing development and creating jobs in the various MMDAs through effective Public Private Partnership (PPP) arrangements.

He mentioned the construction of Integrated Recycling and Compost Plants (IRECOPs) in all 16 regions as a timely project to produce the needed organic fertilizer to boost the agricultural sector.

economy, NALAG, Jospong Group

He said "the on-going Russia and Ukraine war has placed global demand for fertilizer and it is worth noting that a local Ghanaian company is building capacity to provide our fertilizer needs".

The President of NALAG, Hon. Bismark Baisie Nkum explained the role of the association as an advocacy group which influences government policies for an effective local governance.

He called on government to consider allocating 5% of the electronic levy to be paid to the district Assemblies common fund and amend the 1992 constitution to elect presiding members by simple majority.

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...