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AMA: Economic Outlook and Business Strategy Conference opens in Accra


President John Dramani Mahama has pledged to make development planning and the monitoring and evaluation of development activities an integral part of the Presidency and to resource the National Development Planning Commission to play an active role in the process.

The President also expressed confidence in Ghana’s future of a vibrant private sector that will seek to grow the economy further, generate employment, increase the availability of goods and services, and dramatically improve the welfare of Ghanaians.

President Mahama disclosed that government had begun investing in the security agencies, both physical and intelligence to enable them track criminal trends and tendencies in order to ensure peace and stability.

He was speaking in an address delivered on his behalf at the opening of the first annual Ghana Economic Outlook and Business Strategy Conference in Accra, yesterday.

For his part, Dr Kwabena Duffuor, Minister for Finance and Economic Planning, whose address was also delivered on his behalf, assured the business community and the nation as a whole that government had firm strategies for the year 2013, with sustainable job-creation as its main agenda.

Dr Duffuor disclosed that government had embarked on credible integrated plans to renew existing—and invest in new—infrastructure, adding that the main departure from the past was that the projects were fully-funded and derived from the medium-term plan or Ghana Shared Growth and Development Agenda (GSGDA).

These projects, he said, were the Eastern Corridor projects, SADA, Gas Pipeline Processing Plant and road projects. “For purposes of the outlook for 2013, let me state that these projects constitute the largest integrated and fully-funded investment in renewal and new public infrastructure since the Nkrumah era”, Dr Duffuor emphasised.

He said government was committed to a liberal regime that raised revenue from a broad base, did not impose excessive burdens on households and businesses, provided the requisite environment for investment and met the redistribution needs of low-income earners.

Dr Duffuor was emphatic that the economic outlook for the year 2013 or the near future was positive and bright, but needed to be supported with bold initiatives.

The Ghana Economic Outlook and Business Strategy Conference brought together top government officials responsible for managing the economy, Chief Executive Officers of Ghana Club 100 and other stakeholders to discuss how to ensure that the country maximises the potentials for economic growth, job-creation, industrial diversification and personal income generation in the coming year.

The conference also provided a platform for government’s economic managers to identify the key elements of the 2013 economic planning and budget statement that the private sector actors need to pay the greatest attention to in their strategic planning and projections for 2013.

It also made it possible for the international community’s representatives in Ghana, heads of diplomatic missions and development partners and institutions to indicate their general appraisal of the Ghanaian economy in 2013 and to interrogate proposed plans and actions that key economic and business actors propose to take to respond to the global, regional and sub-regional economic environment.

The conference also enabled the international community to contribute to the domestic understanding of the foreign opportunities and threats that could impact the Ghanaian economy in 2013.

It was organised by African Business Media (ABM), publishers of the monthly magazine Ghana Business & Finance, and sponsored by Engineers and Planners, Dominion University College, Ghana Investment Promotion Centre and Winmat Limited.

The theme for the conference was ‘Strategies for a good year 2013’.


Posted: 22-Nov
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