ACCRA, Ghana’s Minister for Business Development, Alhaji Mohammed Ibrahim Awal, has called for an enduring partnership between the private sectors of Ghana and India to enhance the growth of small and medium enterprises (SMEs).
Speaking when Indian High Commissioner (Ambassador) to Ghana Birender Singh called on him here Monday, Alhaji Awal said the expertise and experience of India in growing the private sector would be of importance to Ghana as it moved to improve and support the Ghanaian private sector to grow and create jobs.
“Our government is a business-friendly one. We are committed to the removal of all obstacles that hinder business growth in the country. For us, the private sector is the driver of business and government has committed itself in engaging the private sector very well,” he said.
He appealed to India to help support and improve Ghana’s private sector, especially the SMEs, in terms of training and access to affordable capital as well as technology and innovation so that the private sector can expand and employ people.
Alhaji Awal said the government had created the Ministry for Business Development to give life to the SME sector, which accounts for more than 90 per cent of businesses and contribute about 60 to 70 per cent to Ghana’s gross domestic product (GDP).
The High Commissioner said the Indian government was ready to provide the necessary facilitation for Ghanaian businesses and their Indian counterparts to exchange ideas, while noting that Ghana had all the essential ingredients to attract investments, citing its stable democracy and rule of law.
He said India, like Ghana, is heavily dependent on SMES for growth and employment, and it was in that direction that the Indian government provides incentives such as start-up capital, tax incentives, and training programmes to enhance growth.
Singh said India would be ready to share its expertise and experience with Ghana.
Source: NAM NEWS NETWORK