Ghana needs policies to create a robust private sector - Kufuor tells gov't

Government must fashion policies that would fast track the growth of the private sector to help address the current economic challenges, ex-president John Agyekum Kufuor, who turned 76 today, has appealed.

Speaking to host of Morning Starr, Kafui Dey on a myriad of issues as well as Ghana’s decision to opt for an IMF bailout, Kufuor said Ghana should direct its efforts into having a robust private sector to enable the country make quality steps in improving the lives of its citizens.

“What I pray for is that the country is governed out of the economic doldrums we are in so we make quality steps ahead for happiness for all of us,” Kufuor said.

He added, “the currency [must] be strengthened, especially the private sector because without it, I will tell you our economy would be like step go, step go and you can’t predict too well, so we need a robust private sector and I hope that is where our policy would be directed to.”

Government is hoping to implement a three-year programme next year after holding a series of negotiations with the International Monetary Fund.

The Cedi also lost about 40 percent of value to the Dollar and other major currencies since the beginning of the year.