‘Let policies favour domestic businesses’

Dr. Emmanuel Tweneboah Senzu, Executive Director of Bastiat Society-Ghana, an economic think tank, has called on government to empower domestic businesses to become active to contribute significantly to economic development.

He said there was the need for government to exhibit political will to create policies that will empower the small-scale sector through the capital market.

Dr. Senzu, who made this known at the formal launch of Bastiat Society-Ghana in Accra said, “The economic calamity will not be solved by overburdening and escalating of tax fees for infrastructural investment but by empowering the domestic businesses to become entrepreneurially active to contribute significantly in micro-level that could translate to the macro-economy.”

He called for the regulation of the operations of domestic businesses in order to have a tremendous impact on the country’s economy.

“Analyzing from present economic climate in respect of the 58 years of independence to attain a republic state of Ghana since 6th March 1957, Bastiat Ghana is of the view that Ghana has only attained political freedom but still in economic struggle.

“The continual rise of the country debt status deduces scientifically the gradual lost of the economic warfare before us,” Dr. Sezu said.

He said Bastiat Society, as part of its core mandate, is embarking on agro-oriented initiatives in collaboration with the Ministry of Agriculture and other agro-oriented agencies.

The initiative, according to him, is to strengthen agro-prenuership among the farmers to strengthen their efforts in the export of tradition and non-traditional commodities.

The society recognizes that the only reliable and most sustainable production industrial line could be realized in agricultural sector of Ghana, hence the institution of the agro-oriented initiative, Dr. Sezu indicated.