The article discusses the need for the Ghanaian government to implement budget measures effectively to promote private sector growth. PwC Ghana’s Mr. Vish Ashiagbor emphasizes collaboration, particularly concerning the mining and agricultural sectors. Government officials, including Mr. Seth Tekper and Goosie Tanoh, highlight ongoing support for local businesses and strategies to reduce import reliance and enhance sustainable job creation.
The government of Ghana has been advised to prioritize the execution of budgetary measures to foster a conducive environment for business growth and strengthen the private sector. Mr. Vish Ashiagbor, Country Senior Partner at PricewaterhouseCoopers (PwC) Ghana, highlighted the need for effective policy implementation, emphasizing that the private sector has not yet fulfilled its potential as an engine of economic growth due to challenges in this area.
During the PwC Ghana 2025 Budget Digest in Accra, Mr. Ashiagbor described the budget as friendly to businesses, but stressed that successful implementation is crucial for actualizing its benefits. He also addressed concerns surrounding the growth and sustainability levy impacting the mining sector, advocating for constructive dialogue between government and industry stakeholders to find mutual solutions.
On agricultural investment, Mr. Ashiagbor noted that the government’s allocation appears insufficient, especially as agriculture is touted as a cornerstone for economic development. However, he believes that enhancing the broader infrastructure and creating agricultural zones will better support the sector’s growth. He suggested that indirect government support, rather than direct investment, may be more beneficial for fostering agricultural success.
Mr. Seth Tekper, the Presidential Advisor on Economic Affairs, reaffirmed the government’s dedication to bolstering local enterprises, particularly through continued support for the Exim Bank, which facilitates value addition and exports. He stressed the importance of retaining more value within domestic industries to reduce reliance on imports.
Furthering this commitment, Goosie Tanoh, the Presidential Advisor focused on the 24-hour Economy policy, shared that the government aims to reform the economy to diminish dependence on imported goods. He outlined an accelerated export development program designed to transform the agricultural value chain, thereby generating sustainable jobs and enhancing long-term economic stability. The PwC Post-Budget Analysis serves as a thorough evaluation of government financial policies, assessing their potential ramifications across various sectors and for the citizenry.
In conclusion, effective implementation of budgetary measures is essential for facilitating private sector growth in Ghana. Key figures, including Mr. Vish Ashiagbor and Mr. Seth Tekper, underscore the importance of ongoing dialogue between the government and business sectors, particularly in agriculture and mining. The government’s renewed focus on local enterprise support, along with transformative agricultural strategies, aims to stabilize the economy and enhance local value retention, ensuring sustainable growth for the future.
Original Source: gna.org.gh
