Public-private partnership problems

“Partnership and Innovation for Building a new and better Ghana”.

Public Sector must be the legitimate owner of all institutions and the private sector operating in a stakeholder role in all sector activities related to companies and organizations existing in the name of the development of the country.

The major economic problem in the state is caused by the inefficiency of government or the public sector in the administration and management of the inefficient market systems. Public-private partnership is a product of neo-liberalism that means freedom in all market activities irrespective of the sizes of companies operating in the market, this is a major cause of the breakdown of the economy of the state.

The government through the Ministry of Finance must ensure the regular and efficient review of state financing in terms of Budget funding in the public sector to boost the economic development of Ghana. There must be emphasis on the relational contracts associated with the public-private sector partnership or relationship that mostly due to its lack of transparency brings about corruption that gives wrong advantage to the private sector hampering our development as a country.

There must be excellence in the selection of private sector partners that must be determined by the ministry of finance not by single individuals who have personal interests attached to the prescription and selection of private sector partners. The must be evaluation of the risks and benefits of the Public-Private Partnership in economic crisis, national development debt and delivery system.
And also there must be strict limitations and regulations governing the profit oriented operations in the country that will eradicate monopoly in the market going ahead to hold back the growth of lesser companies especially the local based ones.





I believe the way out of Public-Private partnership problems the country is facing now is to improve on the public sector in ways of management and administration to upgrade the public sector towards the road to Socialism.
This is where the state legitimately owns all companies or organizations and stakeholder support in primary and secondary resources provided by the interested private sector that is driven by profit-making, this is the best we can do as a state willing to develop. The government through the right institutions must adopt revolutionary way of thinking in how to provide public service through improved structures in administration and management of all public sector activities to save the whole country from the breakdown and sale of all state owned institutions. Let us all stand and rescue the Ghanaian Heritage…


Mr. EMMANUEL OSEI-POKU
POLITICAL SCIENCE STUDENT
UNIVERSITY OF GHANA, LEGON
emmanuel18121991@gmail.com
0246041723