GIPA CEO challenges private sector to demand accountability from public institutions
According to him, businesses should not tolerate unnecessary bureaucratic delays, particularly when they have fulfilled all the requirements for services to be delivered within stipulated timelines.
Simon Madjie, CEO of the Ghana Investment Promotion Authority (GIPA), has urged private sector entities to demand improved accountability and efficiency from public institutions. He believes businesses must actively participate in enhancing Ghana's business environment and should not tolerate bureaucratic delays once all requirements for services have been met.
During the 15th Ghana Economic Forum in Accra, Madjie emphasized that companies should insist on timely service delivery and report public officials who fail to meet their obligations. He asserted that the private sector is a vital stakeholder in public sector reforms and should hold public institutions accountable for efficient service delivery and a more business-friendly environment.
Madjie also called for increased investor patience and access to long-term financing to aid private sector growth, especially in manufacturing and participation in global value chains. He noted that Ghana's trading culture has led to an expectation for quick returns, making it challenging for businesses needing substantial long-term investments to secure patient capital.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
