Public Management

Ghana announces 10 new measures to boost the private sector

Friday, 15 March 2019 13:49
Ghana announces 10 new measures to boost the private sector

(Ecofin Agency) - Ghana will set ten new measures to improve its business environment, Mahamudu Bawumia (photo), the country’s vice-president announced this week.

These new measures should come into effect around March-June 2019. They include measures for the obtention of building permits, the energy sector, trans-border trades, company creation and insolvency resolution process.

In the framework of those measures, the tax, legal and company creation processes will be digitalized. As of April 2019, residents can report their earnings via an online platform. In addition, an electronic legal platform will be developed to automatize the legal process.

New firms can also obtain their identification numbers online while the issuance of building permits and business licenses processes will be automatized.

Let’s note that for some years now, the government has been trying to boost private investments to develop the country and reduce unemployment.

Since the completion of its financing agreement with the IMF, Ghana has announced many reforms to boost the business environment.

Early 2019, Forbes ranked Ghana 9th in Africa (out of 47 African countries) and the 94th worldwide (out of 161 countries worldwide) as the best country for business.  

Moutiou Adjibi Nourou

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