The Bank of Ghana has increased its Policy Rate from 15 to 16 percent.
President Mahama says government would collaborate with the private sector to implement actions that would transform the sector to enhance national progress.
He has therefore charged the private sector to be at the fore front of the next phase of Ghana’s transition from low to middle-income status.
President Mahama was speaking at the inaugurating a Private Sector Advisory Council to serve as the apex of all strategic issues affecting the sector.
“We need to work together to create and sustain macroeconomic stability and we need to share with you our infrastructural investment plan and obtain your views on the key investments that would make it cheaper and easier to do business in Ghana” President Mahama said.
He added that “the overall objective is to develop a rising private sector that creates jobs and enhances livelihoods for all… we will support the transformation of the economy of Ghana and make it diversified and efficiency driven.
For his part, vice chair of the Private Sector Advisory Council, Nana Appiah Agyei Duncan Wusu I pledged their support to the government and called for the setting up of a fund to facilitate their work.