Government already creating enabling environment for private sector – Akufo-Addo

President Nana Akufo-Addo has stated that, his government is already putting in place measures to help the private sector flourish.

“We have taken the 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 [there’s] relative stability of the exchange rate,” he said.

“There are things the government must do and there are things the citizens as a whole and organized labour in particular must do” stating that “We in government have set about our task with zeal. Our first budget, the Asempa Budget, has set out clearly the road map to bring prosperity to Ghana, he added.

The president was speaking to workers on Monday as part of activities to mark May Day in Accra

President Akufo –Addo also bemoaned the lack of work ethics among Ghanaian workers, describing it as unsatisfactory. “When efforts are made to improve pay levels without commensurate improvements in productivity the results inevitably points to macro-economic instability for our country.

“It means the size of the formal sector shrinks even further. I do not suggest the current pay levels are satisfactory in all sectors of our economy. But I am saying the productivity levels and work attitude are unsatisfactory in all levels of the economy,” he said.