GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
No Result
View All Result
Home Business

IFC Urges Gov’t To Improve Business Environment

April 24, 2017
in Business
Share on FacebookShare on Twitter

The IFC, a member of the World Bank Group, has called on the government to improve the business environment in the country to promote growth.

You Might Also Like

Nana Akufo-Addo Has Won 2020 Ghana Elections with 51.7% of the Vote

Online Casino Best-Themed Games

Utilize Reliable Exam Dumps to Attain Cisco 300-320 R&S Certification Easily

According to the IFC, achieving the projected GDP growth target of 6.3 percent is hinged on having an enabling environment for businesses especially the private sector to thrive.

In 2007 and 2008, Ghana was recognized among the top 10 Doing Business global performers.

Meanwhile in the 2017 Doing Business Report, Ghana ranked 108th out of 190 economies in ease of doing business.

Speaking at a high level dialogue on opportunities for ambitious reforms of the business environment in Ghana hosted by the IFC, Vice-President and General Counsel of IFC, Ehthiopis Tafara said: “New governments with fresh mandates often have a window of opportunity for reform, so the time is ripe to implement immediate and long-term reforms that can improve the business environment in Ghana and attract new investment.”

Mr. Tafara expressed confidence in the new government’s commitment to creating a better environment for the private sector to thrive and emphasized that IFC is ready to support Ghana’s reform efforts through investments, mobilising capital from other investors, and providing advice when needed.

The dialogue saw the Vice President of Ghana, Alahji, Mahamudu Bawumia who led the Ghanaian delegation remarking, “Ghana is open for business. Something very exciting is happening in Ghana today. We have set the task of becoming the most business friendly economy in Africa.”

The session also highlighted opportunities to leverage information and communications technologies to enhance the business environment in Ghana, and the importance of business reform leadership.

The World Bank Group’s Trade & Competitiveness Global Practice has been supporting business reform programs in close to 40 countries in Africa, including Ghana, helping to build the capacity of reform-minded Governments.

Currently, the IFC is investing in Ghana across a range of sectors, from the energy value chain, to banking and education.

In 2016, IFC arranged a $667 million financing package to increase the container capacity of the port of Tema, Ghana’s main seaport, in a transaction that is set to trigger increased trade flows and improved transport links across West Africa.

Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Tags: africaBusiness_Financecommunications technologieseconomyEhthiopis Tafaraenergy value chainghanaInternational DevelopmentInternational economicsInternational Finance CorporationMahamudu BawumiaPort of Temareport:structureUnited Nations Development GroupVice PresidentVice-President and General CounselVice-Presidents of GhanaWest AfricaWorld BankWorld Bank GroupWorld Bank Groups Trade

Related News

Covid-19: President Akufo-Addo To Address Ghanaians Tonight

Nana Akufo-Addo Has Won 2020 Ghana Elections with 51.7% of the Vote

by ghanastar
December 9, 2020
0

Nana Akufo-Addo won Ghana’s national election, becoming president-elect at the third attempt and cementing the country’s reputation as a standard-bearer...

Online Casino Best-Themed Games

Online Casino Best-Themed Games

by ghanastar
July 9, 2020
0

Whether you like casino games or not, we can all agree that people like themes, and they express their lover...

Utilize Reliable Exam Dumps to Attain Cisco 300-320 R&S Certification Easily

by ghanastar
July 14, 2020
0

Cisco’s certifications are among the most popular credentials for IT professionals. The company is considered to be one of the...

Burkina Faso: Attack on Church Kills at Least 14

by
December 1, 2019
0

At least 14 people have been killed after gunmen opened fire inside a church in Burkina Faso. The victims were...

Next Post

Music Awards Without Shatta Wale, Is That One Too An Awards Night?

No Wonder Shatta Wale Wants To Beat You

Categories

  • Africa & World
  • African Music Lyrics Directory
  • Business
  • Business Directory
  • celebrities
  • Computing
  • Diaspora
  • Entertainment
  • Events
  • Feature
  • Featured
  • Ghana Elections 2016
  • Headlines
  • Health
  • International
  • Internet
  • Jobs
  • lifestyle
  • Music
  • News
  • Offbeat
  • Opinion
  • Politics
  • Profiles
  • Religion
  • Security
  • Seth Terkper
  • Smart Home
  • Social Networks
  • Sports
  • Technology
  • Top Stories
  • World News

Tags

accra addo africa Association football Banks - NEC business Business_Finance chairman Donald Trump economy education Entertainment_Culture environment Geography of Africa ghana Ghanaian people government Government of Ghana Human Interest John Dramani Mahama john mahama Law_Crime mahama minister MPs elected in the Ghanaian parliamentary election Nana Addo Nana Addo Dankwa Nana Akufo-Addo National Democratic Congress National Democratic Congress (NDC) New Patriotic Party New Patriotic Party (NPP) nigeria politics Politics of Ghana president Social Issues Social Media Social Media & Networking sports United Kingdom United Nations United States Vice President War_Conflict

Recent Posts

  • Government of Ghana Unveils Official Portraits of President John Dramani Mahama and Vice President Prof. Naana Jane Opoku-Agyemang
  • Who Is the Woman (Sheena Gakpe) in Sarkodie’s Latest Hit “No Sir” and Why Everyone Is Talking about It
List of Ghana Holidays for 2020
Ghana Geocoding
Ghana Cedis Exchange API
Ghana Maps Service
Toyota Cars Auto Auction History
  • African Music Lyrics Directory
  • Business Directory
  • Diaspora
  • Top Stories

All rights reserved © 2021 GhanaStar.com

No Result
View All Result
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music

All rights reserved © 2021 GhanaStar.com