PRESENTER: Dr. Ishmael Yamson

DATE: September 23, 2010

Introduction: PSDS I PSDS II MTDPF (2010-2013)Key Focus AreasPolicy ObjectivesKey ActionsGovernance StructureImplementation

PSDS I

PSDS II

MTDPF (2010-2013)

Competitiveness

Private Investment

Industrial Development

Micro, Small & Medium Enterprises

Market Access

Private Sector Impact on Ghana and Ghanaians

Improve Private Sector Competitiveness, Domestically and Globally

Attract Private Capital from both(Foreign and Domestic Sources

Pursue Accelerated Industrial Development

Build the Capacity of Micro, Small and Medium Enterprises

Pursue and Expand Market Access

Make Private Sector Work for Ghana(sharing the benefits of Growth and Transformation)

STRATEGIES AND KEY ACTIONS TO DELIVER THE OBJECTIVES

Strategies: Pursue Competitive Macro Environment- Medium to Long-Term Improve the Investment Climate

• Ease of Doing Business• Cost of Doing Business

Expand, Modernize and Improve Availability and Efficiency of Critical Infrastructure -Energy will be core

Align Human Resource Development to Private and Public Sector Needs Drive Enterprise-level Efficiencies and Productivity

Implement PSDS II

Re-introduce the Public Investment Programme(PIP) and Align to Deliver Country and Enterprise Competitiveness

Audit Ghana’s HR Needs and Plan for Delivery- Medium to Long Term

Strategies

Expand the Space for Private Sector Investment and Participation

Harmonize and Align Investment Laws and Regulations

Make Financial Sector Efficient and Relevant to Private Sector

Promote and Re-direct Remittances from Diaspora for Investment

Demonstrate the Security of Investors and Establish Personal Safety Environment

Promote PPPs-Publish Framework, Enact the Law and Guidelines

Publish Investment Opportunities-GIPC

Resource the Courts and the Police

Consolidate Investment Laws including Taxation Laws

Strategies

Drive Value Addition from Local Raw Materials• Agriculture• Downstream Oil/Gas• Minerals

Diversify the Economy away from Commodity Dependence and Focus on Manufacturing, Tourism, Creative Arts and Non-Traditional Exports

Pursue Spatial Industrial Development Reform the Process and Legal Framework for Land

Acquisition Build strong Ghana Brand

Provide Incentives for Local Value Addition

Implement SADA, CEDECOM Initiatives

Complete and Launch Ghana Brand Initiative

Implement Land Administration Project (LAP)

Strategies

Build and Develop Entrepreneurship Capacity

Enhance Access to Affordable Credit

Make Available Appropriate Technology

Remove Internal Value Chain Constraints

Provide Incentives

Reform and Resource Existing Institutions i.e. MDP, NBSSI, GIMPA, etc.to offer Training and Capacity Building

Make EDIF, Venture Capital etc. Accessible to MSMEs

Provide Incentives for Push-Pull Arrangements

Include MSMEs in all PPP and Local Content Arrangements

Strategies

Promote Regional Integration

Promote Regional Infrastructure

Secure Emerging Market Competitiveness

Complete EPA Negotiations, Exploit WTO and Enhance AGOA

Implement ECOWAS Treaties

Harmonise Legal, Customs, Immigration and Other Trade Regimes

Complete Trans-West African Highway

Promote West African Infrastructure

Remove Value Chain Constraints

Strategies

Transfer Skills, Competencies and Capabilities

Good Corporate Governance

Ensure Consumer Safety and Welfare

Enforce Environmental Sustainability

Expand Opportunity for Job Creation/Widen Economic Opportunity nationally

Ensure all FDIs Incorporate Technology Transfer Provisions in Agreements

Regulatory Bodies to Rigorously Monitor for Compliance

Promote Spatial Private Sector Investments

Focus on Women, Physically Challenged and the Disadvantaged

EPA Standards and Others to be Rigorously Enforced and Sanctions Applied for Non-Compliance

PSDS II will be the Implementation Vehicle

PSDS II is Planned to commence from January 2011 – IT MUST HAPPEN!:

The Governance Arrangements for PSDS II will apply. It will require the following:

◦ Partnership of all Stakeholders◦ Commitment from GoG◦ Commitment from Private Sector◦ Leadership from the top◦ Mutual Accountability

Thanks for Your Attention