Dr. Asiama gave the assurance when he received the leadership of the Importers and Exporters Association of Ghana (IEAG), led by its Executive Secretary, Samson Awingobit Asaki, during a courtesy call at the Bank of Ghana’s Head Office.

Governor of the Bank of Ghana, Dr. Johnson Asiama, addressing the delegation
The delegation, which was welcomed by the Second Deputy Governor, Matilda Asante-Asiedu, commended the Bank for its strong leadership in stabilizing the cedi and improving the macroeconomic outlook.

Executive Secretary of the IEAG, Samson Awingobit, praised the Bank’s policies under Dr. Asiama’s leadership and called for further support to address outstanding concerns that require the Central Bank’s intervention.

Source: Joy Business

What is expected to be a major annual luncheon with the business community is also geared towards the creation of a positive business environment where the private sector will be made the real engine of growth to accelerate the development of the country.

The pledge comes at a time when the business community continues to raise issues about the present business climate and the challenges, including the introduction of a heap of taxes, which has raised the cost of doing business.

“I will personally chair such meetings because I want to ensure that the government and businesses have a direct engagement where we can be frank with each other, all towards ensuring that we have a business climate where there is a win-win situation.

“I want to have firsthand information on the critical issues so that I can direct for actions to be taken and where we, as government, also have concerns, we can raise for businesses to address on their side,” former President Mahama said.

Speaker Series

He was speaking to a packed house of captains of industry at a forum dubbed: ‘Distinguished Speaker Series’.

The forum was on how to attract Foreign Direct Investments (FDIs) to boost the economy. It was put together by a consortium of reputable trade associations and chambers for the various presidential flagbearers to share their perspectives on how to take FDI inflows into the country to the next level when a new administration takes over the mantle of government.

They include the American Chamber of Commerce (AMCHAM) in Ghana, Ghana Netherlands Business & Culture Council, Spain-Ghana Chamber of Commerce, Ghana South Africa Business Chamber, the Canada-Ghana Chamber of Commerce, Japan External Trade Office and the Chamber of Commerce & Industry, France.

He said once the NDC government believes in the role of businesses in economic transformation, all efforts will be put in place to ensure that the business environment is smoothened to enable them to thrive.

He said it is the private sector that can help employ more people while paying taxes and, therefore, every assistance should be accorded to them to operate and deliver on their obligations to the state as well.

Module

Former President Mahama said the government of the NDC will revisit the era when projects were executed by the private sector on Build, Operate and Transfer (BOT) terms.

That, he said, was necessary for the country to have technological transfer and also own such projects after a while.

He said many such projects were under the previous NDC regime and helped to reduce the stress on government capital expenditure, yet yielded the necessary results.

AfCFTA

Former President Mahama also touched on the African Continental Free Trade Agreement (AfCFTA) and noted that the NDC government will ensure that businesses leverage the opportunities available.

He said the business environment would be made flexible in a manner that would allow for increased production to meet local demand and also for export into various African countries under the AfCFTA.

Stimulus

Former President Mahama said the NDC government will deliberately offer incentives to indigenous Ghanaian companies, purely based on their capacity and potential, to enable them to grow to become giants in their respective industries.

Source: Graphic.com.gh

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