It is an honour for me to be at this year’s 16th edition of the Ghana Club 100 Awards event. It is my first as President of the Republic, and I share the excitement of all the winners. The companies who have availed themselves to be ranked in the 16th edition of the now well-established Ghana Club 100 Awards have all shown a high level of commitment to business growth and excellence – Congratulations. This year’s theme – Industrialization, a tool for Job creation and accelerated economic development is at the core of government’s vision to drive Ghana towards its much-anticipated dream of a self-sufficient economy which can feed its people, give equal opportunity for prosperity and support its people to be the best that they possibly could. Although, I remain the chief employer, it is my expectation that, the majority of the jobs that are going to be created in my time will be created by the private sector. A vibrant private sector can create so many more jobs than the public sector.
In order to fully achieve this, we have taken important steps to create an enabling environment for the private sector to flourish and create jobs. We have reduced taxes, including taxes on kayayei; inflation is on the decline; interest rates are on the decline, and relative stability of the exchange rate has been restored. The recent budget also reduced the fiscal deficit from some 9% in 2016 to a projected 6.5% in 2017, bringing Ghana back to the path of fiscal discipline. Macroeconomic stability, which is key to economic growth and job creation, is, therefore, being restored. More importantly, the Planting for Food and Jobs programme, one-district-one-factory, one-village-one-dam, Zongo Development Fund, and the equivalent of one million dollars per year per constituency policies are all being rigorously pursued to stimulate job creation opportunities across the country. As a government, we gladly support and will work with the GIPC to sustain flagship initiatives such as the GC 100, a brand that recognizes and celebrates excellence, embodying the collective aspirations of Corporate Ghana.
I am happy to learn that the “Ghana Club 100 Company of the Future”, a platform for the recognition of prospective GC100 companies has become a priority of the Ghana Investment Promotion Centre in supporting the attainment of the goal of growing SMEs in Ghana. The efforts made by these very diverse businesses are truly inspiring and I hope they will provide guidance and encouragement to all SMEs across Ghana. Let me use the opportunity to commend the CEO, Management and staff of GIPC for their relentless work and contribution to boosting our business environment with the ranking of the top 100 Ghanaian companies through the Ghana Club 100 brand. It is our hope that, with an improved business environment, we can create a nation where hard work, enterprise and creativity are continuously rewarded.
Once again, Congratulations to all of you who made the rankings!