At the center of Dr. Bawumia’s economic policy is the involvement of the private sector for infrastructure development. He has pledged to reduce government expenditure by 3% of GDP (about GHc30 billion) when he is president.
The private sector will be responsible for pre-financing these infrastructures or equipment for the government to lease or give out on concession to toll.
This policy presents a massive challenge to the private sector in Ghana to have the financial capacity. We have often said the private sector is the engine of growth, and this is the opportunity for private businesses to invest in medium to long-term projects for good returns on investment.
The business community should take note of this wonderful opportunity and be ready. We should not be like the biblical 5 virgins in Matthew 25:1, who were not prepared and missed out on the great opportunity presented to them.
The golden age of wealth creation is on the horizon. We should be prepared to embrace it.
It’s Possible.
Kwadwo Nsafoah Poku.
