• Submit article
  • Your News
  • Advertise
  • My LiStingGh
Wednesday, February 24, 2021
28 °c
Labadi
28 ° Thu
27 ° Fri
27 ° Sat
27 ° Sun
  • Login
  • Register
The New Crusading Guide Online
  • Home
  • Politics
  • News
  • Africa
  • World
  • Business
  • Lifestyle
  • Tech
  • Entertainment
  • Your News
  • More News
No Result
View All Result
  • Home
  • Politics
  • News
  • Africa
  • World
  • Business
  • Lifestyle
  • Tech
  • Entertainment
  • Your News
  • More News
No Result
View All Result
The New Crusading Guide Online
No Result
View All Result
Home News

Gov’t Creating Conducive, Business-friendly Environment  …To Spur Thriving Private Sector Growth

News Desk by News Desk
November 19, 2018
in News, Politics
Reading Time: 3min read
A A
0
Prez. Akufo Addo Defends SHS Multi-Track System
730
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

By Frank Amponsah

 

The President, Nana Addo Dankwa Akufo-Addo, has mentioned that government has over the past twenty-two(22) months, been working to improve the business environment by reducing the overall cost of doing business and improving the macroeconomic space to reduce significantly the cost of borrowing.

He said, ensuring entrepreneurship and innovation to advance job-creation and economic prosperity is at the heart of the work undertaken by his government and that entrepreneurship is a vital component of economic growth and development.

Related posts

Fisher Folk Back Hawa Koomson   …For Fisheries Ministry

Fisher Folk Back Hawa Koomson  …For Fisheries Ministry

February 24, 2021
GACL Only Rented Its Space To Frontiers  -Transport Minister-Designate

GACL Only Rented Its Space To Frontiers -Transport Minister-Designate

February 24, 2021

According to him, entrepreneurship has been globally considered and embraced as one of the most important drivers of economic growth hence, his government’s commitment to creating a conducive, business-friendly environment, which will result in a thriving private sector.

The president said this in his address at the commemoration of Global Entrepreneurship Month.

He averred that the creation of wealth and jobs for the teeming masses of Ghanaian youth is a very important aspect of his Ghana Beyond Aid agenda.

Government, he said is diligently pursuing other measures that will go a long way towards the digitization and formalization of the economy to accelerate growth and improve domestic revenue mobilization.

According to the president, the Ministry of Business Development through its implementing agency, the National Entrepreneurship and Innovation Programme, and its private sector partners, is pursuing a number of initiatives to enhance the entrepreneurship ecosystem.

The programs her mentioned, included building the capacity of young entrepreneurs and providing business advisory services and financial assistance to women in business.

Below is the full statement by the President:

STATEMENT BY PRESIDENT AKUFO-ADDO TO COMMEMORATE THE CELEBRATION OF GLOBAL ENTREPRENEURSHIP MONTH -NOVERMBER, 2018

November 2018 marks the celebration of the Global Entrepreneurship Month, as Ghana joins over 170 countries all over the world in this celebration.

Fostering Entrepreneurship and Innovation to advance job-creation and economic prosperity is at the heart of the work undertaken by my administration. Entrepreneurship is a vital component of economic growth and development, and has been globally considered and embraced as one of the most important drivers of economic growth.

Government is committed to creating a conducive, business-friendly environment, which will result in a thriving private sector, and the creation of wealth and jobs for the teeming masses of Ghanaian youth.

Consequently, over the past 22 months, Government has been working to improve the business environment by reducing the overall cost of doing business and improving the macroeconomic space to reduce significantly the cost of borrowing.

Ghana has made progress in the ease of doing business, according to the World Bank Group 2019 Doing Business Report. The country improved its ranking to 114 out of 190 countries, up six places from 120 in the 2018 Doing Business Report.

According to the World Bank “It is encouraging to see that progress is being made to improve the business environment to promote investments by both domestic and foreign firms, so necessary to spur growth, provide jobs and further reduce poverty”.

Government is diligently pursuing other measures that will go a long way towards the digitization and formalization of the economy to accelerate growth and improve domestic revenue mobilization. These include:

  • The implementation of the digital address system with area codes;
  • Introduction of the National Identification Card – the Ghana Card;
  • Mobile inter-operability within the banking and financial sector;
  • The paperless port clearing operations at the ports; and
  • The e-registration of businesses at the Registrar-General’s Department.

 

I am determined that we change the economic conditions in our country for the better, so that young people, who constitute our future citizens, see our country as a place of opportunity, instead of a place from which they flee at the peril of their lives. We need to do all within our power to create an entrepreneurial climate, to enable our young people to come up with creative ideas that can be developed into businesses. Entrepreneurship makes our young people creative, it puts them to work, it gives them dignity, and, most importantly, it makes our nation strong and great.

Those who set up businesses must succeed for them to create wealth and employ more people. This is the best way to turn our beloved country fortunes around, and I salute all our hard working and creative entrepreneurs for their contribution to the economic development of our country. Entrepreneurs all over the world are problem-solvers and they work to shape our future. Our own indigenous businesses make us proud and preserve our dignity as a people.

The Ministry of Business Development through its implementing agency, the National Entrepreneurship and Innovation Programme, and its private sector partners, is pursuing a number of initiatives to enhance the entrepreneurship ecosystem. These include building the capacity of young entrepreneurs and providing business advisory services and financial assistance to women in business.

I call upon all Ghanaians, the media, civil society organizations, academia, and the public in general, to commemorate this month by supporting the growth and development of our entrepreneurs, especially our women, which is the focus of this year’s celebration in Ghana.

Together let’s unite to advance job-creation, unleash innovation, and fight poverty through the power of entrepreneurship.

May God bless us all and our homeland Ghana, and make her great and strong.

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

After Almost 72hrs Of Voting And Counting, Regional Balance Eludes NDC! …Volta Missing In Action As Akans Capture Frontline Positions 

Next Post

OFOSU AMPOFO WARNS NPP -Vows To Win Power For NDC

News Desk

News Desk

Related Posts

Fisher Folk Back Hawa Koomson   …For Fisheries Ministry
National

Fisher Folk Back Hawa Koomson  …For Fisheries Ministry

February 24, 2021
GACL Only Rented Its Space To Frontiers  -Transport Minister-Designate
National

GACL Only Rented Its Space To Frontiers -Transport Minister-Designate

February 24, 2021
Akufo – Addo Charges Newly Sworn-In Council Of State Members…Help Fight COVID-19!
Health

Akufo – Addo Charges Newly Sworn-In Council Of State Members…Help Fight COVID-19!

February 24, 2021
CSOs, Religious Leaders Must Kick Against LGBTQI   -Razak Kojo Opoku
National

CSOs, Religious Leaders Must Kick Against LGBTQI  -Razak Kojo Opoku

February 23, 2021
Illegal Mining Looms In Adansi North … Pompo River Under Threat
National

Illegal Mining Looms In Adansi North … Pompo River Under Threat

February 23, 2021
To Mount The Witness Box Or Not…  We Can’t Compel EC To Testify-SC Rules
National

Election Petition: SC THROWS MAHAMA OUT…On Review Application, Sets 4th March For Judgement

February 23, 2021
Next Post
After Almost 72hrs Of Voting And Counting,  Regional Balance Eludes NDC! …Volta Missing In Action As Akans Capture Frontline Positions 

OFOSU AMPOFO WARNS NPP -Vows To Win Power For NDC

Govt. Swerves Menzgold Customers  …Over Locked Up Cash

Govt. Swerves Menzgold Customers …Over Locked Up Cash

Leave a Reply Cancel reply

RECOMMENDED NEWS

Fisher Folk Back Hawa Koomson   …For Fisheries Ministry

Fisher Folk Back Hawa Koomson  …For Fisheries Ministry

6 hours ago
GACL Only Rented Its Space To Frontiers  -Transport Minister-Designate

GACL Only Rented Its Space To Frontiers -Transport Minister-Designate

6 hours ago
Akufo – Addo Charges Newly Sworn-In Council Of State Members…Help Fight COVID-19!

Akufo – Addo Charges Newly Sworn-In Council Of State Members…Help Fight COVID-19!

6 hours ago
CSOs, Religious Leaders Must Kick Against LGBTQI   -Razak Kojo Opoku

CSOs, Religious Leaders Must Kick Against LGBTQI  -Razak Kojo Opoku

1 day ago

BROWSE BY CATEGORIES

  • Africa
  • Apps & Software
  • Business
  • Culture
  • Entertainment
  • Health
  • Lifestyle
  • More News
  • myblog
  • National
  • News
  • Opinion
  • Politics
  • Reviews
  • Social Media
  • Sports
  • Tech
  • Travel
  • World
  • Your News

BROWSE BY TOPICS

2018 League Africa airbus Amidu Anas Australia Balinese Culture Bali United Budget Travel Champions League China Chopper Bike coronavirus corruption Cuba Côte d’Ivoire Ebony EC Election Results entertainment Europe France galamsey Germany Ghana India Iran Israel Liberia NDC News North Korea NPP People Portugal Reviews Russia South Africa South Korea Spain Tech UK world Woyome Zimbabwe
ADVERTISEMENT
The New Crusading Guide Online

The New Crusading Guide is a privately own newspaper in Ghana with Mr ABdul Malik Kweku Baako as its Editor in Chief. We give you the latest news

Follow us on social media:

Recent News

  • Fisher Folk Back Hawa Koomson  …For Fisheries Ministry
  • GACL Only Rented Its Space To Frontiers -Transport Minister-Designate
  • Akufo – Addo Charges Newly Sworn-In Council Of State Members…Help Fight COVID-19!
  • CSOs, Religious Leaders Must Kick Against LGBTQI  -Razak Kojo Opoku
  • Illegal Mining Looms In Adansi North … Pompo River Under Threat

Special Links

  • Submit article
  • Your News
  • Advertise
  • My LiStingGh

Quick Links

  • About
  • Advertise
  • Careers
  • Privacy & Policy
  • Contact
  • About
  • About
  • Advertise
  • Careers
  • Privacy & Policy
  • Contact
  • About

© 2021 The New Crusading Online - All rights Reserved. Powered by Uthink.

No Result
View All Result
  • Home
  • Politics
  • Science
  • News
  • World
  • Business
  • National
  • Sports
  • Entertainment
  • Lifestyle
  • Travel
  • Opinion
  • Tech

© 2021 The New Crusading Online - All rights Reserved. Powered by Uthink.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?