16 November 2012

Ghana: Businesses Urge to Feed Plans Into National Dev't Plan

The President of the Dominion University College, Dr. Ekow Spio-Garbrah has urged players of the Ghanaian private sector to feed their business plans into the country's development plan.

Though, since assumption of the Mills/Mahama-led government, which ushered in the Ghana Shared Growth and Development Agenda (GSGDA), as a medium term development strategy to replace the Growth and Poverty Reduction Strategy (GPRSII), some businesses in Ghana do not align their plans with it.

Dr. Spio-Garbrah made this when he launched the Ghana Economic Outlook Business Strategy Conference in Accra. He added that feeding business plans to Ghana's medium development strategy (GSGDA) would enable them to project into the incoming year.

For instance, the companies can forecast about inflation, the strength of the cedi, budget deficit, among others.

Throwing more light on the upcoming event, the Director In-charge of Marketing and Public Relations at the Ghana Investment Promotion Centre (GIPC), Mr. Edward Ashong-Lartey said his outfit was collaborating with the ministries of Finance, and Trade and Industry, Dominion University College Business School and the Africa Business Media (Publishers of the Ghana Business & Finance Magazine) to organize the conference.

According to him, the Ghana Economic Outlook and Business Strategy Conference is slated for 21st November 2012 at the Accra International Press Centre (AICC) on the theme: 'Strategy for a Good Year 2013'.

The conference will provide a platform towards the end of the year for the business community to adequately strategize for the following year, based on the economic outlook as will be presented by a number of economic experts.

The event will offer participants the opportunity to have insight into the plans and projections of managers of the economy and also foster a healthy business networking discussion among CEOs from top corporate institutions in Ghana that constitute the Ghana Club 100.

The event is being organized under the distinguished patronage of His Excellency, President John Dramani Mahama, the Minister of Finance and Economic Planning, Dr. Kwabena Duffour, the Minister of Trade and Industry, Ms Hannah Tetteh and the World Bank Country Director; Mr. Yusupha B. Crookes will deliver a number of keynote speeches and moderate some panel discussions. It will also be attended by heads of the various public institutions in the country.

For registration, the organizers appealed to the general public especially the management of corporate Ghana to register to visit www.ghanaeconomicoutlook.com to registration.

In September of this year the GIPC organized the Ghana Club 100 awards to recognize the contribution of the private sector to the economic development of the Country.

The centre has as one of its major objectives to facilitate the development of the private sector to enable it play its proper role as the "engine of growth of the economy". It is in this vain that the focus on the CEOs of the Club 100 member companies cannot be over emphasized.

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