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Ghana Mutual Prosperity Dialogues: Ofori-Atta leads journey to economic growth

The GMPD initiative is under the auspices of the Ministry of Finance, which is the key actor in charge of the FDI dialogue in the country

Minister for Finance Ken Ofori-Atta will on 2 November 2023, address the Ghana Mutual Prosperity Dialogues (GMPD), on the theme “Business perspectives on growth and jobs now”.

The GMPD initiative is under the auspices of the Ministry of Finance, which is the key actor in charge of the foreign direct investment dialogue (FDI) in the country with support from the International Finance Corporation (IFC).

Objectives and Deliverables

The GMPD has seven (7) main objectives and deliverables. They are first; to identify and diagnose investment climate challenges, second; to assess the country’s readiness for increased FDI, third; to take stock of and prioritize issues that will unlock FDI attraction, and fourth; to implement measurable actions to increase investment.

The fifth is to report on reform recommendations and their impact, the sixth; is to measure the impact and deliverables and their performance against key performance indications (KPIs), and the seventh; is to explore how to leverage existing economic agreements to benefit Ghana.

Background to GMPD

As Ghana emerges from its recent macroeconomic challenges. its leadership is keen to establish a broad-based dialogue on attracting investment, with considerable input from the private sector for government to improve the environment for doing business in Ghana.

Such engagement has become more important and urgent as Ghana needs to retain and further attract foreign direct investment (FDD) to drive growth. Creating an environment conducive to both foreign and domestic investment requires concerted efforts by a broad range of stakeholders.

Thus, the proposed public-private dialogue platform aims to forge a relationship of “mutual prosperity” between the private and public sectors, understanding that neither can thrive without the well-being of the other, thus, the initiative is to be known as the Ghana Mutual Prosperity Dialogue’ (GMPD).

Overall, the GMPD aims to improve the business environment in Ghana, and attract more FDI. And enhance the country’s competitiveness. By fostering collaboration between the public and private sectors, the GMPD seeks to unlock investment opportunities and promote economic growth in Ghana.

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