Private sector investment to see growth

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President John Mahama has announced government will push private sector investment as part of moves to attain full middle income status for the country.?

Briefing top American investors on the importance to settle on Ghana over other countries for their investment at a meeting with the Business Council for International Understanding in the US, President Mahama mentioned that the private sector will be at the fore front of the next phase of Ghana?s transition from low to middle-income status.

He said: ?We have transited into middle income status and we are pushing to move this from lower middle income to middle income status. So far growth has been driven mostly by government investment but also by private investment but government has play a major role in moving the economy forward,” adding “Now we understand that from lower to middle income status the bulk of that growth must be by private sector investment. We have seen sectors that have grown phenomenally in Ghana from private sector investments and these were sectors we didn?t think the private sector could leverage that kind of investment and move them forward? he added.

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