In recent years, it has become apparent that the government’s involvement in various sectors has hindered progress and effective service delivery. The solution to this problem lies in breaking the government monopoly and entering into strategic public-private partnerships (PPP). Dennis Osahon Aikoriogie (DOA) aims to revamp the private sector and deregulate the economy in order to enhance service delivery and stimulate economic growth.
One of the key areas that needs immediate attention is the provision of effective infrastructure. As outlined in the DOA manifesto and policy thrust, achieving 24/7 electricity is crucial for industrialization. The lack of power has led to operational setbacks for companies and relocation of companies to Ghana and neighboring countries, ultimately resulting in high production costs. To address this issue, the DOA plans to create an enabling business environment by investing in infrastructure and reducing the cost of doing business.
Additionally, DOA recognizes the importance of reviewing the incentive structure to attract Foreign Direct Investment (FDI) to industries of strategic importance. By providing tax holidays to infant industries and concessions to priority enterprises, the government can stimulate economic growth and industrialization. This selective and time-bound protection will encourage investment in key sectors and promote sustainable development.
Furthermore, DOA policy thrust intends to support small and medium-sized enterprises (SMEs) through incubation, training, and funding initiatives. By partnering with key federal government agencies such as SMEDAN and the Bank Of Industry, DOA policy thrust aims to nurture aspiring entrepreneurs and provide them with the necessary resources to succeed. This strategic partnership will not only support SMEs but also stimulate job creation and economic empowerment.
DOA’s policy thrust commitment to revamp the private sector and deregulate the economy through strategic public-private partnerships is the key to achieving effective service delivery and economic growth. By investing in infrastructure, reviewing the incentive structure, and supporting SMEs, DOA aims to create a conducive environment for businesses to thrive and contribute to the overall development of the economy. He frowns at a situation when government remember the private sector only when they want to increase Internally Generated Revenue (IGR) by increasing taxation and tariffs, investors see this fiscal policy as disincentive, while
It is good to grow the IGR, there must be a balance between increasing IGR and providing the enabling business environment that will attract the private investment (PI) and foreign direct investments (FDI).
Vote for the DOA and let’s work together to build a prosperous private sector and sustainable future for all.
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