The Private Sector Is Engine of Ghana’s Economy-Pius Hadzide

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 Chief Executive Officer of the National Youth Authority (NYA), Pius Enam Hadzide has asserted that the success of the growing strategic partnership between private sector would hinge to a very large extent on the productive participation of the private sector.

He said government through the decentralization policy framework included the local economic development as one of the five key pillars of the policy underpinnings of our national decentralization policy and strategy.

“It is our expectation therefore that the private sector through an innovative approach would partner with government to create sustainable growth by focusing on the pillars of development for economic prosperity.

“There is an economic imperative, at this momentous occasion in our relation for the two parties to broaden the scope of our engagements given the commonalities and the synergies in our economics. Areas of possible collaboration include oil and gas, petrochemical sector, agro-processing and agriculture, education, mining (extractive sector) and tourism,”Pius Enam Hadzide told Accra-based Kingdom FM 107.7

“The Ghana government welcomes the increasing collaboration between private sector operators aimed at identifying potential investments and addressing the persistent trade imbalances in our ties,” he added.

He further stated that “Some of the strategies the two governments may deploy in the meantime to boost cooperation include exchange of trade missions, workshops and seminars and linkages with the business community and other financial services to create the necessary incentives for attracting private equity in education, infrastructure and energy for socio-economic developpment.”

“The private sector should also promote entrepreneurial activity and interaction between companies through innovation in research which all growth depends on, as well as other market instruments such as credit and economic subventions, and direct investments in health and fintech developing technology solutions.”

“This not a simplistic, business engagement. It is about bridging the divide, expanding and creating markets and new opportunities, sustaining industry and building capacity. It is a People-to-People engagement for shared prosperity, based on actionable measures.

Source: Richard Obeng Bediako

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