Akufo-Addo’s government has business-oriented mindset – WBAF Chairman

Accra- Mr Baybars Altuntas, Chairman of the Board of Directors of the World Business Angels Investment Forum (WBAF), an affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI), has lauded President Akufo-Addo’s government for having a business-oriented mindset.

He said the various digital initiatives rolled out by the Government over the past two years, had made the nation unique and a preferred destination for investment.

Mr Altuntas said the mindset has not only reflected in the policies and programmes being implemented so far, but also set up the Business Development Ministry, to champion its entrepreneurial agenda.

Speaking at the opening of the WBAF Office in Accra on Tuesday, Mr Altuntas said the international community was increasingly becoming aware of Ghana’s attractiveness as the preferred investment destination.

Mr Altuntas commended Ghana’s investment and entrepreneurship credentials when he signed a formal agreement with the Government of Ghana, represented by the Ministry of Business Development.

The World Business Angels Investment Forum is an international organization, aiming to ease access to finance for businesses from start up to scale up, with the ultimate goal of generating more jobs and more social justice worldwide.

It is committed to collaborating globally to empower world economic development by creating innovative financial instruments for innovators, start-ups and small-and-medium scale enterprises.

Mr Altuntas said: “Ten or 15 days ago, I was watching CNN International on TV. I was just moving from one channel to another and I saw Africa Market, and I watched the interview from start to end.

The last question of the interviewer was ‘which countries in Africa have very entrepreneurial, SME start-up friendly environment?

In which countries is it easy to make business?’ The interviewee said ‘there are two countries, and one of them was Ghana, the WBAF Board Chairman disclosed.

I was very happy to hear this because in February we hosted our general congress in Istanbul, and in congress we had the World Excellence Awards Gala Dinner as part of the Congress.

We received 32 nominations from 29 African countries for the Best African Policy-Maker, to the most start-up friendly environment country.

Every country was claiming that they have the best environment.

When I saw that Ghana was the awardee for 2019, I immediately checked the Reasoning Page, because the jury members, nine members, prepared a reason why they decided to give this award to a winner.

I saw an interesting detail: they said GDP in 2018 was very high, one of the highest in the world, and the highest in Africa. It is very difficult to keep the GDP of a country at more than seven per cent level in 2018.

Plus, the activities of the Business Development Ministry is very interesting. Around the world, we don’t have this kind of around the world tapping of business.

They put a note as well: ‘We are seeing for the first time, a country which has a Business Development Ministry.

This is a very good role model for all countries because business development is what, as a matter of fact, all governments around the world need.

This is a very entrepreneurial mindset, and this shows that this Government in Ghana has an entrepreneurial mindset, and is trying to develop by developing businesses. So the result is the 2019 winner was the Business Development Ministry.

The international jury members of the World Excellence Awards also adjudged Ghana’s Minister for Business Development, Dr Ibrahim Mohammed Awal as the ‘The Most Business Oriented Minister of Africa’.

Vice President Dr Mahamudu Bawumia, who gave the keynote address at the launch, underscored Government’s commitment to creating a business-friendly environment, adding, Ghana is a haven of peace and stability, indeed the safest country in West Africa. Ours is a country where we insist on respect for democratic accountability, rule of law, and human rights.

“Our ultimate goal is to make our economy the most business-friendly in Africa where the private sector and the business community are at the centre of building a progressive and prosperous country.

Source: Ghana News Agency