GIPA CEO challenges private sector to demand accountability from public institutions

Simon Madjie, CEO of the Ghana Investment Promotion Authority (GIPA), has urged private sector entities to demand greater accountability and efficiency from public institutions in Ghana. He believes businesses must actively participate in enhancing the country's business environment. Madjie pointed out that businesses should not accept bureaucratic delays, especially when they have met all the necessary requirements for timely service delivery.

At the 15th Ghana Economic Forum, held in Accra, Madjie called on companies to insist on prompt service delivery and report public officials who fail to meet their obligations. "If I have five days to register you and your documents are correct, you must demand that I register you within five days. If I don't do it, report it through the system and to the head," he stated.

Madjie emphasized that the private sector is a vital stakeholder in public sector reforms and must actively hold public institutions accountable to foster better service delivery and create a more business-friendly environment. He also advocated for greater patience and access to long-term financing for private sector growth, particularly in manufacturing and participation in global value chains.

Madjie noted that Ghana's strong trading culture has led to a demand for quick returns, making it challenging for businesses requiring substantial long-term investments to secure patient capital. "Manufacturing and global value chains take time, so people must be patient," he added.