Business

We are working to reduce cost of doing business in Ghana – Akufo-Addo

1 Mins read

President Akufo-Addo has assured investors that steps are being taken by his government to reduce the cost of doing business in Ghana.

The president was delivering the keynote address at the Ghana Investment Opportunities Summit, an event organised at the Hilton Park Lane Hotel in London as part of the second UK Africa Summit.

In spite of being one of the biggest attractors of foreign direct investment in Africa, Ghana’s bureaucratic processes and high cost of doing business remain a cause of concern for some international investors.

Addressing the gathering in London, the president outlined some of the interventions initiated by his administration in tackling bottlenecks hampering the growth of business in the country.

“Government has a very important and positive role to play in spurring industrialisation and economic transformation. Ensuring that businesses are up and running, promoting access to the capital that will keep the wheels of business moving, maintaining macroeconomic stability, making available public goods such as an efficient bureaucracy, a strong adherence to the rule of law and a fair and equitable social system in health and education delivery are some of the major responsibilities of government. The government of Ghana is addressing each one of them.”

President Akufo-Addo also announced plans to build the capacity of Ghanaian enterprises to play key roles in the economy.

Related posts
Businesscommodity

Bread prices take a hit from the Russia-Ukraine war.

4 Mins read
“At the beginning of the year, we bought a bag of flour for GH¢210 – but now we are buying it at…
agricultureBusiness

5 Trends in the fresh fruit and vegetable market 2022

4 Mins read
Many publications have been released to document and predict some of the trends that have occurred in the global fresh fruit and vegetable…
Businesslocal

Expanding its reach, Lululemon now sells hijabs

2 Mins read
Dive Brief: As the athletics space pushes toward greater inclusivity, Lululemon last week debuted two hijabs on its e-commerce site, according to details…

Leave a Reply

Your email address will not be published.