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Business News of Sunday, 26 January 2020


Akufo-Addo assures private sector of govt support through enabling environment

President Nana Addo Dankwa Akufo-Addo President Nana Addo Dankwa Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has reaffirmed his Government’s commitment and willingness to create the enabling environment for the Private Sector in the Country to flourish. According to him, although Government is keen on streamlining well-coordinated economic policies, there should also be concerted effort from the Private Sector to tap into conducive opportunity created to thrive.

Speaking at the ongoing 2020 Edition of the Ghana Investment and Opportunity Summit in London, President Akufo-Addo said they are taking steps to reduce the cost of doing Business in the Country to formalize the economy.

He also said Ghana was ready to harness the potential of the Continental Free Trade Area Agreement.

Mr Akufo-Addo further said Ghana is prepared to partner the London Stock Exchange in revenue and resource mobilisation for investment on the African continent.

He noted that Africa and for that matter Ghana, is well-endowed with natural resources therefore, the oil-rich West African nation is fully prepared to partner the London Stock Exchange in investment on the continent.

He said : “…There are things that we need to do on our side in Africa. We can do better in terms of our own domestic resource mobilisation, move away from raw materials exports and insists on processing and adding value to our own resources.

“But in the process, the Stock exchange in London can be a pivot in the new relationship with the continent of Africa.

“Countries like my own sees itself in the noble opportunities of helping to mobilise all of these capital around the world for investment in Africa’s infrastructure.

“The wealth of Africa is undisputed, the natural resources are there.”