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Business News of Tuesday, 8 August 2017


Banks commit to partnering government’s privatization agenda

Ghana Economic Forum 2017 has seen the banking sector express interest in seeing government’s drive to create jobs in the private sector become a reality.

The Forum, which brings on board industry players and banking experts, also saw government engage the private sector on practicable ways of meeting its macro economic targets by the end of the year.

Senior minister, Yaw Osafo Maafo said the government is intensifying its strategy to make the private sector more competitive to ensure the creation of jobs.

Chief Executive Officer of the B&FT, Edith Dankwa said, “Ghana is one of the world’s most attractive investment destinations after more than a decade of substantial economic progress.”

She said, “The country is endowed with a new breed of dynamic entrepreneurs complementing the decades of hard work by seasoned entrepreneurs. Ghanaian businesses are now poised to own the country’s economy.”

Former Minister of Trade and Industry, Ekow Spio Garbrah lamented the burgeoning debt stock of the country.

He posits that government’s resolve to reduce the budget deficit can be achieved if it cuts down on public spending.

The two-day forum, organized by the Business and Financial Times (B&FT), in partnership with the Ghana News Agency, and other corporate organizations, has been officially endorsed by the Government as part of Ghana’s 60th Independence celebrations.

Since 2012, the Ghana Economic Forum has rallied some of the country’s most remarkable minds to discuss, debate and gain insights needed to advance the economy of Ghana.

The Sixth Edition of the Ghana Economic Forum (GEF) opened for more than 500 local and international business leaders.