GOVERNMENTS FAILED PRIVATE SECTOR-EX-PREZ KUFUORF

-
Former President John Agyekum Kufour says effective support towards a sustainable growth of the private sector remains one key measure through which the country’s economic fortunes can change for the better.

 According to him, the private sector is the engine of growth and should therefore be supported by government with pragmatic policies and programmes which will in turn increase the country’s foreign exchange earnings through increased investments. 

Former President Kufour made these remarks at the national conference of the Ghana Bar Association in Kumasi. 

He explained further that, most small and medium enterprises have the requisite skills and capacities to add value to the country’s abundant natural resources. 

The challenge he emphasized, has been failure on the part of successive governments to actualize the usual rhetoric of supporting the private sector. 

President Kufour therefore urged present and successive governments to provide incentives to step up private sector competitiveness and create more jobs through wealth generation, while strengthening the local currency and reducing importation of basic consumables.

Comments

Post a Comment

Popular posts from this blog

JUTE FACTORY IS BACK

-
Image
the administrative block under rehabilitation At long last, the much talked about defunct GIHOC Fibre manufacturing Company popularly known as the Jute Factory, is to be back in operations very soon.  Ashanti Today can confirm that work is feverishly ongoing towards the revival of the once golden sacks manufacturing company with the first production expected in the first quarter of next year.  It is a public-private partnership with a wholly Ghanaian company, Jute Mills Ghana Limited being the operator and has already sunk about five million Ghana Cedis to revamp the company.  The Jute Factory is located within the industrial area of Kaase.  It has been on divestiture for about 20 years now with successive governments paying lip-service to revamp it.   The old machinery at main factory to be replaced soon  It is one project that is dear to the Asantehene Otumfuo Osei Tutu, who has used almost every opportunity with business people and investors wh
Read more

THE STATE OF KUMASI'S 'INDUSTRIAL AREA

-
The once Industrial enclave of the Ashanti region within the Kumasi metropolis is fast losing its status as the nerve centre of jobs for the people.     This is due to the collapse of most of the companies in quick succession in  the last few years for various reasons. Background Industrialization was a key component of the first wholly indigenous government of Ghana led by Osagyefo Dr. Kwame Nkrumah. The Ashanti region was not left out in this drive which was meant to create decent jobs for the residents, particularly the youth.  Asokwa, Ahinsan, Kaase, Atonsu and Kyirapatre were the communities that became what is known as the ‘Industrial Area’ of Ashanti from the early 60s.  The christening of this enclave as the ‘Industrial Area’ was the people’s appreciation of the numerous state and privately owned companies that were sited there.  These communities fall within present day Asokwa Constituency which is in the western part of the metropolis from the Accra d
Read more

KWAMANG SHS NEEDS URGENT HELP

-
Image
New Campus of the Kwamang Presby SHS The Kwamang Presby Senior High/Technical School in the Sekyere Central district of Ashanti needs an urgent external intervention to address some of its pressing basic needs to function very well.  A visit by Ashanti Today to the school’s premises revealed that the school does not have an administrative block to administer affairs of the school for which reason the Headmistress, the Bursar and another staff are sharing one room which has been partitioned, while the Assistant Headmaster, the rest of the Accounts staff among other administrative officers are also working from an improvised classroom. Anybody who visits the Kwamang Presby Senior High Technical school for the first time will unavoidably take it for a basic school.  This is more so when it appears to be perching on the premises of the local Junior High School as its old site.  The school is wallowing in a myriad of challenges that are seriously militating against
Read more