The Ghanaian government has announced measures to make Ghana an easier place to do business

Vice President of Ghana, Dr Mahamudu Bawumia
  • People who do business in Ghana have complained about how difficult it is to do business in Ghana.
  • The government has therefore introduced some measures to remove the barriers.
  • These reforms will take effect between March and June 2019.

The Vice President of Ghana, Dr Mahamudu Bawumia has announced 10 reforms introduced by various Ministries, Departments, and Agencies in the past nine months to improve the business environment in the country.

A multisectoral technical team from various government agencies presented the business reform to stakeholders at the Labadi Beach Hotel in Accra.

The reforms which are in line with the framework of the World Bank Group’s Doing Business Report will cover starting a business, obtaining construction permits, getting electricity, trading across borders, and resolving insolvency.

Dr Bawumia said “these reforms are further demonstration of government’s commitment to removing the obstacles that have long kept businesses in Ghana from reaching their full potential. We aim to unleash the Ghanaian entrepreneurial spirit and open our doors to the world.”

The Doing Business Report has become the global benchmark for measuring how friendly countries are for businesses. The “zero-sum ranking” fosters keen competition among countries as those that don’t reform faster than their peers can go down in the ranking even if their business environment does not change. Ghana ranked 114thin the 2019 ranking, up from 120th in 2018.

Meanwhile, the IFC Country Manager for Benin, Burkina Faso, Ghana, Niger, and Togo, Ronke-Amoni Ogunsulire said “Through our work in advising Government in over 80 countries globally and over 30 in this region, we know that having the commitment at the highest level of leadership is one of the most important ingredients of the reform agenda.” 

She was certain that “with the appropriate reform structures in place, efficient coordination, and accountability mechanisms, Ghana has the right formula to succeed and implementing an investment climate conducive to the growth of businesses.”

Click here to find out the reforms to take effect between March and June 2019.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Why do guys still masturbate when they have girlfriends?

Why do guys still masturbate when they have girlfriends?

Police uniform, weapon are ID - Mutyambai addresses Boniface Mwangi's trending clips

Police uniform, weapon are ID - Mutyambai addresses Boniface Mwangi's trending clips

If I rise, let me rise with other people - Crazy Kennar scoops 3 titles at the Pulse Influencer Awards

If I rise, let me rise with other people - Crazy Kennar scoops 3 titles at the Pulse Influencer Awards

I spent Sh800K - Vera speaks on begging for money to fund lavish Baby shower

I spent Sh800K - Vera speaks on begging for money to fund lavish Baby shower

Zuckerberg loses $6 billion hours after Facebook, WhatsApp, Instagram crashed

Zuckerberg loses $6 billion hours after Facebook, WhatsApp, Instagram crashed

Cooking for Drake, collaboration with Wizkid and other things Tems revealed in a Twitter Q&A

Cooking for Drake, collaboration with Wizkid and other things Tems revealed in a Twitter Q&A

Uhuru issues demands as heartbreak grips Kianjokoma brothers' funeral

Uhuru issues demands as heartbreak grips Kianjokoma brothers' funeral

11 fashion choices by women that men hate

11 fashion choices by women that men hate

Butita recalls life-changing phone call and secrecy involved in working for Netflix

Butita recalls life-changing phone call and secrecy involved in working for Netflix