Business News of Friday, 19 April 2013
Source: Graphic Business
The Vice-President, Mr Kwesi Bekoe Amissah-Arthur, has assured the international community of the government’s commitment to work towards consolidating the country’s economic growth.
He said with sound economic indicators in recent times, the government had made the business environment in the country more attractive for investors and partners. The Vice-President gave the assurance when Ms Joy Hutcheon, the Director-General of Country Programmes of the Department for International Development (DFID) of the United Kingdom, led a delegation to call on him at the Flagstaff House in Accra.
The meeting provided the opportunity for the Vice-President and the delegation to review partnership programmes between Ghana and the UK to discuss the possibility of initiating programmes. “We have co-operation and development over the years. Thanks for coming over to see how we can consolidate this cooperation for the benefit of our people,” Mr Amissah-Arthur said.
He lauded the British Government for its assistance and partnership with Ghana over the years and assured the UK and other development partners of the government’s commitment to sound fiscal management. “We are pursuing economic growth. Our plan is that over the next two years, we will work towards removing the imbalances in the system. We are propelling growth by eight per cent,” he said.
He said the country could boast significant economic successes, particularly reducing inflation to a single digit and maintaining that for a long time. The Vice-President, however, admitted that bureaucracy had been a disincentive to businesses and underlined the urgent need “to work to improve the business environment for the benefit of our people”.
Ms Hutcheon, who was paying her first working visit to Ghana, praised the relationship between the two countries and expressed her delight “to be here to build on the constructive relationship we have with Ghana”. She said Ghana’s success in many areas of the economy as well as its track record in the practice of democratic governance over the last decade was the envy of many countries.
She announced that the DFID had distributed four million bed nets to people as part of its malaria control programme in Ghana. “This is the time to enhance Ghana-UK relations and partner Ghana to resolve the challenges we both face,” Ms Hutcheon said.