President Nana Akufo Addo has reaffirmed his government\u2019s plan to develop the country\u2019s private sector to propel economic growth.<\/p>\n
[contextly_sidebar id=”BnoMasfgNlNSZnWCnTs1OjauWxquAkSS”]To this end, an NPP government will lessen the burden that has impeded the growth of the sector.<\/p>\n
According to Nana Addo, the private sector is a critical component of economic development.<\/p>\n
He explains that the reduction of taxes among others should allow Ghana\u2019s private sector to employ more people and improve the standard of living among citizens.<\/p>\n
\u201cWe are indeed counting on a thriving private sector to drive growth and create jobs. We will stimulate the creative juices of innovators; we will bring to life the adventurer in you. It is time to imagine and to dream again, time to try that business idea again,\u201d<\/p>\n
The President made the remarks during his investiture on Saturday, January 7, 2017.<\/p>\n
The NPP, prior to the 2016 general elections promised to reduce some taxes and completely scrap some which it believed were impacting negatively on local businesses.<\/p>\n
In his inaugural speech, Nana Addo was confident the implementation of such pledges should lift Ghana to an enviable position with regards to ease of doing business.<\/p>\n
\u201cWe will reduce taxes to recover the momentum of our economy.\u00a0 The doors of Ghana are open again; the shutters are up again, there could not be a better opportunity to make in Ghana and to make it in Ghana. Ghana is open for business again.\u201d<\/p>\n
The President, in an earlier engagement with the Private Enterprise Federation (PEF) also announced that his administration will not compete with the private sector for funds.<\/p>\n
The increased borrowing by the out gone NDC government has been largely criticized as impacting hugely on private businesses.<\/p>\n
–<\/p>\n
By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
President Nana Akufo Addo has reaffirmed his government\u2019s plan to develop the country\u2019s private sector to propel economic growth. [contextly_sidebar id=”BnoMasfgNlNSZnWCnTs1OjauWxquAkSS”]To this end, an NPP government will lessen the burden that has impeded the growth of the sector. According to Nana Addo, the private sector is a critical component of economic development. He explains that […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[32,171,11],"tags":[],"class_list":["post-283057","post","type-post","status-publish","format-standard","hentry","category-business","category-local-economy","category-top-stories"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/283057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=283057"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/283057\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=283057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=283057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=283057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}