Ghana’s Vice-President Mahamudu Bawumia on Thursday pledged the government’s commitment to reviewing all relevant laws and regulations that stifle investments and flow of business and transactions.

He said this would permit the private sector to operate in a predictable, stable business environment while creating jobs and opportunities for people.

Speaking after commissioning a railway sleeper plant at Prampram, near Ghana’s Port City of Tema, some 60 kilometers east of the capital, Bawumia said an effectively-run railway sector in Ghana would contribute to economic growth.

It will also significantly lower the cost and time for moving goods and people, and by extension, ensuring economies of scale and reducing domestic production costs.

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Additionally, it will open up the country and help enhance market access and opportunities.

Bawumia said the government, in reviewing its Railway Master Plan, had tried to ensure maximum private sector participation in railway infrastructure and commercial rail services development. Enditem

Source: Xinhua/NewsGhana.com.gh

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