 |
| (Photo Credit: graphiconline.com) |
The Minister of Trade and Industry, Mr. Kobina T. Hammond, has revealed plans to present the Business Regulatory Reforms Commission Bill to Cabinet. This key move will set the stage for parliamentary deliberation and, hopefully, the passage of an impactful regulatory reform into law during the first session of 2024. This landmark initiative aims to overhaul the regulatory landscape, foster transparency, and establish a business-friendly environment in Ghana, fostering a conducive atmosphere for private sector growth. Mr. Hammond made this announcement during his address at the 2nd UK-Ghana Chamber of Commerce (UKGCC) End-of-Year Gala Dinner and Awards, held at the Movenpick Ambassador Hotel in Accra.
A Vision of Economic Transformation
Emphasizing the broader goal of economic transformation, Mr. Hammond underlined President Nana Addo Dankwa Akufo-Addo's vision for a comprehensive economic overhaul. Central to this vision is the Industrial Transformation Programme, designed to expand and diversify Ghana's manufacturing sector while promoting strategic investments that yield transformative economic and social outcomes. The overarching objective, as Mr. Hammond articulated, is to create an environment where businesses can thrive, innovation is championed, and opportunities abound.
READ ALSO: Government To Impose Import Restrictions on Rice, "Yemuadie" And Other Goods
Strengthening Bilateral Relations
Highlighting the historical, linguistic, and strategic ties between Ghana and the UK, Mr. Hammond emphasized the celebration of deep-rooted bilateral trade and investment relations. He underscored the mutual commitment to democratic values, freedom, the rule of law, and inclusive development, enunciating a shared vision for mutually beneficial trade and investment outcomes.
Commitment to Private Sector Growth
Anthony Pile, the UKGCC Executive Council and Founder of Blue Skies Ghana Ltd, reiterated the chamber's unwavering dedication to fostering unbounded growth for its member businesses. He pledged to continue providing exceptional support to promote trade between Ghana and the UK, reinforcing the commitment to the prosperity and development of member businesses.
Award Winners
Commenting on the challenging global landscape, marked by events such as the COVID-19 pandemic, the UKGCC's Anthony Pile conveyed pride in the chamber's resilience and growth. As a testament to this resilience, the second edition of the UKGBA celebrated the accomplishments of outstanding contributors to the Ghanaian economy.
Notably, Tullow Oil PLC and Guinness Ghana Ltd were recognized for their exceptional economic and social impacts through awards such as the Economic Impact award and the Social Impact award, underscoring their remarkable contributions to Ghana's development.
Other winners included Standard Chartered Bank and the Chamber of Commerce, as well as Ghana Commercial Bank Plc, which received the Dynamic Member award for their outstanding dedication to maintaining moral business conduct, honesty, and a cooperative strategy. Ghana Plc was given the Decades of UK-Ghana Business Partnership award in recognition of their incredible 127 years of operations in Ghana, which shows their unwavering dedication to the trade and investment relationship between the UK and Ghana.
Under the UKGCC Founding Member category, five additional institutions were acknowledged, namely ABSA Bank Ghana Limited, G4S Security Services Ghana Limited, Hogan Lovells, Vivo Energy Ghana, and Vodafone Ghana.
Among those present were the British High Commissioner to Ghana, Harriet Thompson, Deputy Trade Minister for Africa, Alistair Long, Ghana’s High Commissioner to the United Kingdom, Papa Owusu Ankomah, and Executive Director of UKGCC, Adjoba Kyiamah.
Follow Us On Facebook: https://web.facebook.com/bfmnetwork
Moving Forward with Optimism
Amidst a backdrop of global challenges and resilience, the collective determination of key stakeholders in Ghana's economic landscape, as demonstrated through the announcements and recognitions at the UK-Ghana Chamber of Commerce event, paints a picture of optimism and progress. As Ghana continues to navigate complex economic terrain, these initiatives and recognitions serve as beacons of hope, symbolizing the ongoing commitment to growth, resilience, and a positive business ecosystem.
Comments
Post a Comment