The Ghanaian government is making strides in stabilizing the economy, says Finance Minister Seth Tekper, who adds that the prospects of the economy are good as has been indicated by the International Monetary Fund (IMF) in a recent report.
However, the government is not being complacent but is continuing to pursue prudent and pragmatic measures to consolidate the gains and find solutions to some of the challenges still confronting the economy, he said when opening of the 56th Annual General Meeting (AGM) of the Association of Ghana Industries (AGI) in Kumasi, the capital of Ashanti Region (Propvince), about 250 kilometres northwest of here, Wednesday.
Terkper said the government was living within its means, while working to bring interest rates down and restructure taxes and tariffs, stabilize power supply and improve industrial output.
He said the establishment of the Ghana Exim Bank by the government was aimed at making credit facilities easily accessible to exporters, and at promoting standards in production as well as opening up export markets.
AGO President James Asare Agyei called on the government to ensure that sustainable measures were instituted to improve the economic output of the country.
He said energy supply was critical to the operations of the private sector and called on the government to review the high tariffs, which were rendering businesses uncompetitive.
Agyei said the implementation of industrial policy to resuscitate the private sector had been poorly managed and called for the institution of appropriate measures and resources for its full implementation.
Source: NAM NEWS NETWORK.