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Chief Executive Officer of the Private Enterprise Foundation (PEC), Nana Osei Bonsu, has described as “encouraging”, President Nana Akufo-Addo’s resolve to make the private sector the driver of development during his tenure in office.
At his inauguration, Mr Akufo-Addo said: “Money is to be made in the private sector, not the public and measures will be put in place to ensure this.”
“We believe that the business of government is to govern. Ours is to set fair rules. We will provide vision and direction and shine the light down the path of our entrepreneurs and farmers. We are indeed, counting on a vibrant private sector to drive growth and create jobs. We will stimulate the creative juices of innovators, we will bring to life the adventurer in you. It is time to imagine and to dream again, time to try that business idea again,” he added.
Commenting on the president’s remarks about the private sector, Mr Bonsu told Jonas Ofori Yeboah on the Executive Breakfast Show on Monday, 9 January that “putting the private sector in the drivers’ seat entails a whole lot of activities.”
“Normally governments will say we will engage the private sector or allow private sector [but] he says they [private sector] are going to drive [the economy]. That means he is putting the private sector as the lead to influence the development of the economy.
“This is a big statement, this is a policy shift and we are encouraged to see that if that is going to happen, what do we do as a private sector to engender ourselves, to engage ourselves, to allow ourselves the opportunities that will be created to take advantage of that; so it’s a big statement that to us is encouraging, it gives the confidence and optimism that today it’s a different approach to the development of our nation,” he said.