![\"bca](\"http:\/\/citibusinessnews.com\/wp-content\/uploads\/2017\/12\/bca-2.jpg\")
<\/p>\nThe International Monetary Fund (IMF) has approved the Public Sector Reforms for Ghana to be implemented in 2018.<\/p>\n
The reforms are part of efforts to reduce the bureaucracies in Ghana\u2019s public sector and improve efficiency.<\/p>\n
The Fund has been critical of Ghana\u2019s rising public expenditure which it contends has partly contributed to some economic challenges in terms of rising public sector debts among others.<\/p>\n
It has on a number of occasions and in several reviews impressed on the government the need to work to tame the figures where necessary.<\/p>\n
The Acting Chief Director of the Ministry of Business Development, Joe Tackie confirmed the approval to Citi Business News.<\/p>\n
He explains that the reforms will also see Ghana improve its ranking in the ease of doing business.<\/p>\n
\u201cThe whole idea is to ensure that the public sector can partner the private sector to be able to achieve the President\u2019s vision of making Ghana the most business-friendly one in Africa.\u201d<\/p>\n
\u201cThe business environment involves the policies, laws and regulatory issues among others which the businesses have to deal with and these are all situated in the public sector. So the idea is to ensure that the public sector is positioned to support the private sector in\u00a0partnership\u00a0to achieve the economic development of the country,\u201d he remarked.<\/p>\n
Speaking at a breakfast meeting organized by the Business Council for Africa (Ghana), for the South African Business Chamber and allied groups, Mr. Tackie also outlined some key initiatives to support private sector growth.<\/p>\n
<\/p>\n
Key ones he mentioned were the provision of the 1 million dollars for entrepreneurs under the National Entrepreneurs Innovation Program (NEIP).<\/p>\n
Also, he indicated the establishment of incubation centers across the regions for selected entrepreneurs to cushion them against high operational cost in their initial stages of business.<\/p>\n
![\"BCA](\"http:\/\/citibusinessnews.com\/wp-content\/uploads\/2017\/12\/BCA-1.jpg\")
<\/p>\n
The meeting was on the theme, \u2018Good to Great; Providing the enabling environment for businesses to thrive, the role of Ministry of Business Development and BCA\u2019.<\/p>\n
–<\/p>\n
By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
The International Monetary Fund (IMF) has approved the Public Sector Reforms for Ghana to be implemented in 2018. The reforms are part of efforts to reduce the bureaucracies in Ghana\u2019s public sector and improve efficiency. The Fund has been critical of Ghana\u2019s rising public expenditure which it contends has partly contributed to some economic challenges […]<\/p>\n","protected":false},"author":14,"featured_media":379724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,171,11],"tags":[],"yoast_head":"\n