Asantehene, Otumfuo Osei Tutu II, calls on the Akufo-Addo administration to address economic challenges and focus on pro-growth policies to stimulate job creation and attract more investment.
He recommends involving the private sector in diversifying public enterprises such as VRA and GRIDCo to attract vital financial investments.
These comments came out during the inauguration of a 430-kilometer natural gas pipeline by Genser Energy, aimed at strengthening Ghana’s power industry.
What Otumfuo said:
“It’s about time that the government realizes that it’s not going to work for the government to be involved in setting up companies without involving the private sector, it doesn’t work. The government should confront policies and involve the private sector and you can attract more investors into the country which will create more employment.
“VRA and others are all government establishments, let’s give it out and diversify them into the private sector and get more money there and get the right people to do it. GRIDCo and others let’s give them the money and get the qualified people, diverse government from it and let them work. Electricity Company is in a situation where we don’t know, but that also must be diversified and given to the private sector.
“Why are we still holding on when we don’t have the money? We’re not able to collect all the taxes we want, we’re going to IMF and all those for money. We’re hanging onto industries we cannot maintain and run.
“It’s about time we face reality and decide on what government should be doing and what the private sector should be doing. This is a testimony of the private sector, and they were able to attract investors.
