Finance Minister Dr Mohammed Amin Adam has said that the government recognizes that significant steps must be taken to improve the business environment in Ghana.
He noted that Ghana is still one of the best destinations on the continent for the private sector to thrive.
Dr Amin Adam said this while inaugurating the Ghana Mutaul Prpsroiroity Partnership (GMPP) platform on Wednesday, March 27.
The conversation on supporting the private sector will be deepened to include local industries.
“Indigenous businesses are the backbone of our economy,” he said.
The Karaga lawmaker added that “That said, we recognize that significant steps must be taken to improve the business environment. It is thus my pleasure today to inaugurate the steering committee of the GMP Partnership.”
The GMPP platform will be used to tease out the problems faced by businesses in Ghana, in order to address them effectively from the policy level.
“I am charging the GMP Partnership to within the next few weeks, facilitate bilateral engagements with major institutions and stakeholders for the mutual prosperity of all Ghanaians.”
The Ghana Mutual Prosperity Dialogue framework is a public-private partnership aimed at attracting foreign and local investments while promoting shared growth.
The GMPD’s primary objective is to identify challenges in the investment climate and provide solutions to ensure a conducive environment is created for stakeholders.
It also aims to better understand the needs of the private sector and pragmatically remove constraints that hinder the ease of doing business in the country. Through engagement with the private sector at the industry level, the state aims to develop robust policies that align with the aspirations of different sectors.