President Nana Addo Dankwa Akufo-Addo has assured captains of industry and corporate Ghana that his administration will stay focused on maintaining fiscal discipline and correct fundamentals for the economy in order to safeguard their interests.
Speaking at dinner held at the Banquet Hall of the Jubilee House to launch the 18th edition of Ghana’s Club 100 Awards, President Akufo-Addo said the efficient management of the economy is central to government’s economic management.
He noted that the success of the economy will guarantee the growth of the private sector and improve the quality of life of Ghanaians.
The Ghana Club 100 is an annual compilation of the top 100 companies in Ghana to give due recognition to successful enterprise building.
It was launched in 1998 by the Ghana Investment Promotion Centre (GIPC). Companies making it into the GC 100 are to serve as role models for the private sector and provide a forum for corporate Ghana to interact with the government at a high level.
The 18th edition will focus on “Sustainable Agriculture, the Bedrock of Ghana’s Industrialization Drive”.
The theme is a reflection of government’s agenda of industrializing the economy through heightened agricultural productivity.
President Akufo-Addo touted the economic achievement of government such as signing off from the International Monetary Fund (IMF) deal, increase of real GDP growth from 3.4% in 2016 to 8.1% in 2017, decline in the debt to GDP ratio from 56.6% of GDP in 2016 to 54.8% at the end of 2018, drop in inflation from 15.4% at the end of 2016 to 9.5% as at April this year among others.
He said government will not loose sight of the importance of maintaining fiscal discipline and the correct fundamentals on the economy.
The General Manager, MTN Business, Sam Addo, commended government for initiatives it has undertaken so far to boost the investment climate in the country.
He solicited for government’s support for their business by the releasing of spectrum at affordable price to the telecom sector as a stimulus for local e-commerce businesses, teaching, communication and affordable broadband in order to achieve government’s own digital transformation agenda.
The 18th edition will take place in November.