President launches Private Sector Development Council
President John Dramani Mahama has inaugurated a new Private Sector Development Council (PSDC) to improve the coordination between the public and private sectors in Ghana. It will also ensure implementation of the Private Sector Development Strategy II.
The President will chair the council which will meet twice a year and will have representatives from the private sector including the Ghana Chamber of Commerce and Industry, Ghana Employers Association, Ghana Union of Traders’ Association, and Ghana Chamber of Mines. The government will be represented by the Ministries of Finance, Agriculture, Energy, Local Government and Rural Development, Trade and Industry. The Danish Development Agency, World Bank, and the United States International Development Agency (USAID) will also be represented.
The Private Sector Development Strategy II (PSDS II) was established in 2010 after the limited success of PSDS I where the public sector had been criticised for failing to react quickly enough or positively enough to private sector interests. Although the PSDC had originally been launched in conjunction with the policy initiative in 2010 it appears that the president wants to inject new impetus into the PSDS II programme.