The CEO-Government Compact 2026, a framework intended to improve public-private collaborations, guarantee reciprocal accountability, and monitor quantifiable effects on national growth, was launched by President John Dramani Mahama.
Elizabeth Ofosu-Agyare, the Minister for Trade, Agribusiness, and Industry, has been assigned by the President to submit the framework to the Attorney General for prompt consideration in order to determine the appropriate course of action.
The President urged increased cooperation between the public and private sectors to propel Ghana’s economic transformation during his speech at the 10th Ghana CEO Summit in Accra.
He clarified, “I see the Ghana CEO Summit as a strategic platform where ideas are shaped and confidence between government and the private sector is built.”
In order to gain advantages in continental commerce, the President’s speech mostly addressed structural reforms, economic resilience, and the necessity of increasing local industrial capacity.
President Mahama said that the government’s decision to voluntarily switch to the non-financial Policy Coordination Instrument (PCI) of the International Monetary Fund (IMF) after successfully exiting the bailout program shows a complete commitment to ensuring policy credibility, consolidating economic gains, and further boosting investor confidence. He cited ongoing reforms supported by strict fiscal discipline.
“When businesses thrive, the country prospers. Captains of industry and businesses can, therefore, rest assured that the current stability we are enjoying is not a fluke; it will be sustained into the future,” he stressed.
He admitted that firms and investors are still frustrated by the public sector’s bureaucratic inefficiencies.
Attendees were reassured by the President that the government is still responsive and will use private sector input to address those difficulties. The President intends to further engage business leaders on the Compact after the Attorney General’s study.
“A serious investor should not receive conflicting signals from agencies of the same state,” he said, adding that in order to motivate companies to grow, hire more employees, and compete successfully, there needs to be a regime of clear procedures, less duplication, transparent rules, and faster service delivery.
According to President Mahama, economic diversification, the development of a robust and competitive industrial sector, and the use of emerging technology and artificial intelligence are all necessary for economic expansion.
The “Big Push” program, which aims to open up the economy through massive infrastructure development, investments in the energy and communications sectors, the 24-hour economy initiative, the Accelerated Export Agenda, modernising agriculture, encouraging value addition for export, and enhancing rural livelihoods are among his government’s priorities.
“Ghanaians expect leadership that responds to crises with urgency and trust,” he said, adding that the government needs the business sector to support its initiatives and use platforms established by regional organisations to advance commerce.
President Mahama was named Chief Patron of the Ghana CEO Summit, which attracted hundreds of business executives, legislators, and industry leaders.
Source: newsthemegh.com