Former President John Dramani Mahama has called on the current government and other governments to come in the future to put local industries first in terms of providing support.
Speaking as the guest speaker at the 7th edition of the Ghana CEO Summit, the flag-bearer of the National Democratic Congress said prioritizing local industries and limiting the importation of goods can go a long way to create jobs for the youth in the country and also generate revenue for the state.
According to the former President, the current state of the economy is as a result of poor management of the economy.
Speaking to captains of businesses and government officials, Mr. Mahama said the current state of the economy is a result of excess taxes, high levels of inflation, lack of infrastructure and the constant depreciation of the local currency.
He added that CEOs are supposed to run businesses profitably while the role of politicians is to create an enabling environment for local businesses to thrive in the country to generate more revenue, but that is not the case.
“Unfortunately all the indices show that the government is not living up to its end of the bargain”, Mahama said.
The 7th CEO Summit held at the Kempinski Hotel in Accra saw a host of CEOs and was on the theme; Economic Sovereignty, Sustainable Corporate Governance, Digital Industrial Transformation: New Paths for growth and Prosperity, a private-public sector CEO Dialogue and learning