GRi Business, Economics & Finance 16 – 07 – 2003

Atebubu and Wenchi each to have additional district

Bartels decries lack of date on private sector

 

 

Atebubu and Wenchi each to have additional district

 

Nkoranza (Brong Ahafo) 16 July 2003 - The government has given approval for the creation of two districts for Atebubu and Wenchi in Brong Ahafo, Captain Nkrabea Effah-Dartey (RTD), a Deputy Minister of Local Government and Rural Development, has said.

 

He was speaking during a courtesy call on Okatakyie Agyeman-Kudom 1V, Omanhene of Nkoranza Traditional Area at the weekend.

 

The second district for Atebubu would have its capital at Yeji while that of the Wenchi District would be at Nsawkaw, the Deputy Minister said. He warned against any wrangling over the citing of district capitals and that the government would not waste the nation's resources in areas "where there is no peace and understanding among the people."

 

Okatakyie Agyeman-Kudom appealed to the government to create two constituencies for Nkoranza as the area is large and called for proper demarcation of the lands of Nkoranza and the Mos that was a source of problem for the two traditional areas.

GRi…/

 

Send your comments to viewpoint@ghanareview.com

 

Return to top

 

Bartels decries lack of date on private sector

 

Accra (Greater Accra) 16 July 2003 - The Ministry of Private Sector Development on Tuesday decried the lack of credible data on the private sector, saying it was seriously hampering the development of the sector.

 

Kwamena Bartels said information is not readily available, neither is there reliable data on small, medium enterprises or the large informal sector. Bartels was speaking in Accra when he took his turn at the meet-the-press series to discuss the performance of his ministry in the last two and a half years.

 

Ghana has about 480,859 registered businesses categorised into sole proprietors, partnerships, private limited liability companies, public companies, external companies and non-governmental organisations.

 

He said it was the desire of government to ensure that the Golden Age of Business is ushered in with a meaning. Bartels said in this regard, the ministry is working to remove the bottlenecks in, not only data acquisition but also the total development of the private sector.

 

"The vision involves the implementation of policies to strengthen and energize the private sector as the main driver for economic growth, while at same time build capacity ... to support the private sector." He said government, among other things, has initiated a programme of mentoring the youth in tertiary institutions with the introduction of the captains of industry programme.

 

"Under the programme, successful business entrepreneurs across the country would be invited to share and celebrate their lives with the young ones."

 

In future, Bartels said government would at the enterprise level provide support to the Young Investor's Programme, provide funding for young entrepreneurs at the rate of three a year and facilitate the change in the curricula of tertiary institutions to be private sector friendly and supportive.

 

On the goals achieved by the ministry, the Minister said there had been a positive inter face between the various stakeholders and the private sector. Bartels said the ministry has also instituted bi-monthly meetings with the Governing Council of the Private Enterprise Foundation leading to cabinet's approval of the payment of the National Reconstruction Levy on half yearly basis instead of on quarterly basis.

 

"This is to enhance the liquidity position of the various enterprises." He said the Ministry and PEF are currently working with the relevant sector ministries on withholding tax, reclassification of non-traditional export commodities into traditional exports.

 

He said, yam, for instance would become a traditional export. Other areas being discussed are the capitalisation of the Ghana Investment Fund, repatriation of funds in the mining industries, treatment of bad debts and compliance with ECOWAS trade liberalisation scheme by member states and the means of reducing the cost of doing business in Ghana.

GRi…/

 

Send your comments to viewpoint@ghanareview.com

 

Return to top