GHANA’S GOVT OUTLINES SUPPORT FOR PRIVATE SECTOR

ACCRA, Ghana’s Trade and Industry Minister, Alan Kyeremanteng, has urged private sector operators to team up with government to execute the country’s development agenda of one district, one factory.

The Minister told business entrepreneurs in Accra Thursday that all they needed to do was to apply and express interest in partnering the government, backed with a solid business plan, to play a role in the one district, one factory policy.

The engagement of the private sector operators with the Minister was organized by the Private Enterprises Federation (PEF) in collaboration with the Ghana Institute of Management and Public Administration.

The Minister said the business proposals must have the capacity to influence the economic fortunes of the district since the focus of the policy was to create jobs for Ghanaians.

Kyeremanteng also stressed that the business plan should spell out how value addition would enhance economic transformation for the district with an investment size of between one million and five million cedi (one US dollar = 13.44 Cedi).

He said the private sector played a crucial role in the country’s developmental agenda, and the government would continue to create the enabling environment for the private sector to succeed because it constitutes one of the country’s engine for economic growth.

The government is committed to providing technical support to the private sector to expand their businesses and employ more people, he said, adding that the support would be in a form of grants, equity or quasi-equity.

Source: NAM NEWS NETWORK

   

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