[ 2012-03-03 ]

Gov't must be fair and objective to private businesses
A former dean of the University of Ghana Business
School, Professor Kofi Opoku Nti has called on
government to be fair and objective in its support
for businesses operating in the private sector.

Delivering a lecture at the 45th J.B. Danquah
Memorial Lectures in Accra, Prof. Nti said it was
important to ignore the political, religious or
ethnic affiliations as well as the gender and/or
nationality of business owners when promoting
investments or supporting businesses in the
country.

This he said would help business owners become
more innovative and in the long run ensure success
in the partnership between government and the
private sector.

Commenting on the partnership between government
and the private sector, Professor Nti said the new
global environment requires both government and
the private sector to scan the international
market to identify opportunities and to eliminate
threats to the private sector.

“The government has to ensure that the private
sector is not discriminated against in the global
market and when necessary, it should direct its
international relations to assist the private
sector to establish linkages with their foreign
counterparts and gain access to technology” he
said.

He also stressed the fact that for any partnership
to be successful, there is the need for all
parties concerned to take up their share of
responsibilities.

The former dean of the University of Ghana
Business School acknowledged the efforts of
successive governments in the creation of several
policies and institutions targeted at helping the
private sector.

Even though there are still many challenges that
need to be addressed in the sector, Professor Nti
expressed optimism that government and the private
sector will be able to work together to move the
country onto the right economic trajectory.

He also called on government to provide an
enabling environment for the private sector to
improve upon their operational efficiency.

“Government and the private sector” he said “have
crucial and distinct roles to play in development
and that it is necessary for government to fully
align itself with the private sector to transform
the economy” he said.

Source - Joy News

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