presenter: dr. ishmael yamson date: september 23, 2010
TRANSCRIPT
PRESENTER: Dr. Ishmael Yamson
DATE: September 23, 2010
Introduction: PSDS I PSDS II MTDPF (2010-2013)Key Focus AreasPolicy ObjectivesKey ActionsGovernance StructureImplementation
PSDS I
PSDS II
MTDPF (2010-2013)
Competitiveness
Private Investment
Industrial Development
Micro, Small & Medium Enterprises
Market Access
Private Sector Impact on Ghana and Ghanaians
Improve Private Sector Competitiveness, Domestically and Globally
Attract Private Capital from both(Foreign and Domestic Sources
Pursue Accelerated Industrial Development
Build the Capacity of Micro, Small and Medium Enterprises
Pursue and Expand Market Access
Make Private Sector Work for Ghana(sharing the benefits of Growth and Transformation)
STRATEGIES AND KEY ACTIONS TO DELIVER THE OBJECTIVES
Strategies: Pursue Competitive Macro Environment- Medium to Long-Term Improve the Investment Climate
• Ease of Doing Business• Cost of Doing Business
Expand, Modernize and Improve Availability and Efficiency of Critical Infrastructure -Energy will be core
Align Human Resource Development to Private and Public Sector Needs Drive Enterprise-level Efficiencies and Productivity
Implement PSDS II
Re-introduce the Public Investment Programme(PIP) and Align to Deliver Country and Enterprise Competitiveness
Audit Ghana’s HR Needs and Plan for Delivery- Medium to Long Term
Strategies
Expand the Space for Private Sector Investment and Participation
Harmonize and Align Investment Laws and Regulations
Make Financial Sector Efficient and Relevant to Private Sector
Promote and Re-direct Remittances from Diaspora for Investment
Demonstrate the Security of Investors and Establish Personal Safety Environment
Promote PPPs-Publish Framework, Enact the Law and Guidelines
Publish Investment Opportunities-GIPC
Resource the Courts and the Police
Consolidate Investment Laws including Taxation Laws
Strategies
Drive Value Addition from Local Raw Materials• Agriculture• Downstream Oil/Gas• Minerals
Diversify the Economy away from Commodity Dependence and Focus on Manufacturing, Tourism, Creative Arts and Non-Traditional Exports
Pursue Spatial Industrial Development Reform the Process and Legal Framework for Land
Acquisition Build strong Ghana Brand
Provide Incentives for Local Value Addition
Implement SADA, CEDECOM Initiatives
Complete and Launch Ghana Brand Initiative
Implement Land Administration Project (LAP)
Strategies
Build and Develop Entrepreneurship Capacity
Enhance Access to Affordable Credit
Make Available Appropriate Technology
Remove Internal Value Chain Constraints
Provide Incentives
Reform and Resource Existing Institutions i.e. MDP, NBSSI, GIMPA, etc.to offer Training and Capacity Building
Make EDIF, Venture Capital etc. Accessible to MSMEs
Provide Incentives for Push-Pull Arrangements
Include MSMEs in all PPP and Local Content Arrangements
Strategies
Promote Regional Integration
Promote Regional Infrastructure
Secure Emerging Market Competitiveness
Complete EPA Negotiations, Exploit WTO and Enhance AGOA
Implement ECOWAS Treaties
Harmonise Legal, Customs, Immigration and Other Trade Regimes
Complete Trans-West African Highway
Promote West African Infrastructure
Remove Value Chain Constraints
Strategies
Transfer Skills, Competencies and Capabilities
Good Corporate Governance
Ensure Consumer Safety and Welfare
Enforce Environmental Sustainability
Expand Opportunity for Job Creation/Widen Economic Opportunity nationally
Ensure all FDIs Incorporate Technology Transfer Provisions in Agreements
Regulatory Bodies to Rigorously Monitor for Compliance
Promote Spatial Private Sector Investments
Focus on Women, Physically Challenged and the Disadvantaged
EPA Standards and Others to be Rigorously Enforced and Sanctions Applied for Non-Compliance
PSDS II will be the Implementation Vehicle
PSDS II is Planned to commence from January 2011 – IT MUST HAPPEN!:
The Governance Arrangements for PSDS II will apply. It will require the following:
◦ Partnership of all Stakeholders◦ Commitment from GoG◦ Commitment from Private Sector◦ Leadership from the top◦ Mutual Accountability
Thanks for Your Attention