Vice President Mahamudu Bawumia has announced ten measures introduced by various Ministries, Departments and Agencies over the past nine months to improve the country’s business environment.
The planned reforms are within the framework of the World Bank Group’s Doing Business Report, which provides objective measures of business regulations for local firms in 190 economies and selected cities at the sub-national level.
The reforms cover starting a business, obtaining construction permits, getting electricity, trading across borders, and resolving insolvency.
Government is working towards the passing of the Insolvency Bill and the Companies’ Bill into law by Parliament.
The objective of the Doing Business Stakeholders workshop was to engage and create awareness within the private sector which is ultimately the beneficiary of the ambitious reforms introduced by the Government of Ghana.
A multi-sectoral technical team from across Government agencies has presented an ambitious business reform plan to key stakeholders in Accra.
“These reforms are a 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 Vice President Bawumia explained.