Create the environment for private businesses to be competitive – Govt told

The Deputy Chief Economist of Development Bank Ghana (DBG), Dr Godwin Kojo Ayenor, has said the government must create the enabling for the private sector to flourish.

He stated that the sector needs to be competitive and that can only happen when the enabling environment has been created.

“The private sector needs to be competitive and the government needs to create the environment for that to happen,” he said.

“There are spaces and gaps in this whole value chain and so we need to connect the demands with the supply and create the enabling environment for the private sector to invest,” Dr Ayenor said during a media interaction in Accra last Thursday.

The Development Bank Ghana (DBG) has embarked on an initiative to boost the production of poultry and three cereals in order to promote food security in the country.

The cereals are rice, maize and soya bean.

Under the initiative, which takes off with workshops, the bank will provide support to players in the value chain to boost the production of the commodities locally.

The Deputy Chief Executive Officer of the DBG, Michael Mensah Baah said with about $1 billion spent on rice imports and $600 million to import poultry annually, the country would save a lot through the intervention the bank was putting in place.

Source: By Laud Nartey

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