• Latest
  • Trending
‘Negligent’ AG must account for $170m judgment debt – IES

“Regulatory reform programme will improve country’s business atmosphere” – Nana Addo

November 7, 2019
Police intercept trucks carrying 150 sacks of suspected indian hemp in Eastern Region

Police intercept trucks carrying 150 sacks of suspected indian hemp in Eastern Region

June 14, 2025
Happy98.9FM Celebrate fathers with PAPA Y3 HERO activation

Happy98.9FM Celebrate fathers with PAPA Y3 HERO activation

June 13, 2025
No country runs a 24-Hour Economy Policy; It's just a political gimmick – Dr. Wolarnyo Mensah

No country runs a 24-Hour Economy Policy; It’s just a political gimmick – Dr. Wolarnyo Mensah

June 13, 2025
UN General Assembly votes overwhelmingly in favour of immediate ceasefire in Gaza

UN General Assembly votes overwhelmingly in favour of immediate ceasefire in Gaza

June 13, 2025
12 invigilators, 1 supervisor among 16 arrested for malpractice in 2025 BECE- WAEC reveals

12 invigilators, 1 supervisor among 16 arrested for malpractice in 2025 BECE- WAEC reveals

June 13, 2025
Nigeria: Ethnic Groups set in uproar after Tinubu extends posthumous pardon to Ogoni Nine

Nigeria: Ethnic Groups set in uproar after Tinubu extends posthumous pardon to Ogoni Nine

June 13, 2025
This government will not sideline traditional leaders- Mahama assures Yaa Naa

This government will not sideline traditional leaders- Mahama assures Yaa Naa

June 13, 2025
GNFS denies alleged attempt to set Nkawkaw fire tender ablaze

GNFS denies alleged attempt to set Nkawkaw fire tender ablaze

June 13, 2025
Gov't to train Over 5,000 youth in Northern Region under apprenticeship programme - President Mahama

Gov’t to train Over 5,000 youth in Northern Region under apprenticeship programme – President Mahama

June 13, 2025
Former NSS Deputy Director Gifty Oware-Mensah used service personnel allowances as collateral for a GHC 30M loan – Attorney General

Former NSS Deputy Director Gifty Oware-Mensah used service personnel allowances as collateral for a GHC 30M loan – Attorney General

June 13, 2025
CLOGSAG threatens nationwide strike over delay in salary structure implementation

CLOGSAG threatens nationwide strike over delay in salary structure implementation

June 13, 2025
Traders take over Accra Streets Just a month after Restrictions

Traders take over Accra Streets Just a month after Restrictions

June 13, 2025
Happy Ghana
Advertisement
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Sports

“Regulatory reform programme will improve country’s business atmosphere” – Nana Addo

in Sports
‘Negligent’ AG must account for $170m judgment debt – IES

‘Negligent’ AG must account for $170m judgment debt – IES

Share on FacebookShare on TwitterShare on Whatsapp

The President of the Republic, Nana Addo Dankwa Akufo-Addo, says the 3-year Business Regulatory Reform Programme introduced by his government will stimulate the growth and development of the private sector, and improve the business atmosphere in the country.

According to President Akufo-Addo, these reforms will complement and reinforce the strong measures that have been implemented for financial and economic stabilization, as well as position Ghana strategically to take maximum advantage of the African Continental Free Trade Area.

Speaking at the maiden edition of the CEOs Executive Forum, on Wednesday, 6th November, 2019, Beach Hotel, the President stated that his Government’s policy approach to supporting the growth of the private sector in Ghana has been anchored on four (4) key priorities namely, Stabilizing the Macro-Economy, Executing a Financial Sector Reform Programme, Introducing Pro-Business Policy and Programme Interventions under the Ten Point Plan for Industrial Transformation, and Implementing a Comprehensive Business Regulatory Reform Programme.

With a stable macroeconomic environment enabling businesses to plan with certainty, invest and thrive, he noted that “all our macroeconomic indices are pointing in the right direction, and it comes as no surprise, therefore, that, today, Ghana is the leading recipient of foreign direct investment in West Africa.”

Government, President Akufo-Addo stressed, will continue to demonstrate its commitment and determination to ensuring the stability of the macro-economy.

“If we are to accomplish our vision of a “Ghana Beyond Aid”, that is a Ghana no longer dependent on the benevolence or charity of foreign taxpayers and donors for the management of her public finances, we must change course, hence the establishment of the Presidential Fiscal Responsibility Advisory Council. Ghana is now the only other country in sub-Saharan Africa to establish a Fiscal Council, after the Republic of Mauritius,” he added.

Secondly, the President stated that his Government, upon assumption of office in January 2017, introduced extensive reforms to clean up the banking sector and enhance its liquidity, with the banking sector, at the half-way stage of 2019, according to the Bank of Ghana, recording a profit after tax of GH¢1.67 billion, representing year-on-year growth of 36.3%, compared with 21.7% in the same period last year.

He told the CEOs gathered that he has asked the Governor of the Bank of Ghana to interrogate the issue of high interest rates in Ghana, and how the problem could be addressed to enhance the competitiveness of the private sector.

Thirdly, President Akufo-Addo indicated that Government has embarked on a comprehensive programme for industrial transformation based on 10 pillars. These include the One District One Factory Initiative, the Stimulus Package for Distressed Companies, the development of new Strategic Anchor Industries to diversify the economy, the establishment of Industrial Parks and Special Economic Zones, and the promotion of the SME Sector.

Components – Business Reform Programme

The seven components are “Targeted Reform Initiatives”, which will ensure that Ghana’s position in the annual Doing Business Ranking improves consistently; “One-Stop Registry of all Business Regulations”, which will ensure that the inventory of business-related acts, legislative instruments, regulatory notices, and administrative directives are available in a single electronic registry.

The others include “A Voice for All in Public Consultations”, which is an interactive web portal for public consultation with government on business-related policy, legal and regulatory changes; “Rolling Review of business regulations, using Regulatory Guillotine principles”, which is a functioning e-Registry and Consultations Portal that will enable Ministries, Departments and Agencies to carry out systematically rolling reviews of regulations, in order to reduce turnaround times and the cost of compliance; and “Regulatory Impact Assessment “to be introduced in order to build a permanent system for quality control of new business regulations, and safeguard the gains made from reforms.

The President added that “Targeted Regulatory Relief” which will grant SMEs, at early stages of development, targeted relief from regulatory requirements in order to stimulate higher levels of entrepreneurship and job creation in strategic sectors, and gradually phase-in standard rules as the firms begin to grow; and “Permanent Public-Private Dialogue Mechanism”, which provides a permanent mechanism for structured dialogue between Government and the private sector, are the two components of the reform programme.


Tags: Nana AddoNana Addo Dankwa Akufo-Addo

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Nana Addo Commissions 100-Bed Ga East District Hospital

Next Post

Cop charged with ex-Prem player’s murder

Next Post
Cop charged with ex-Prem player’s murder

Cop charged with ex-Prem player's murder

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Police intercept trucks carrying 150 sacks of suspected indian hemp in Eastern Region
  • Happy98.9FM Celebrate fathers with PAPA Y3 HERO activation
  • No country runs a 24-Hour Economy Policy; It’s just a political gimmick – Dr. Wolarnyo Mensah
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.