Prime News Ghana

Tackle poor business registration process - IMANI tells Govt.

By Sam Edem
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Policy think tank - IMANI Africa, has called on the government of Ghana to look into the relatively poor business registration in the country.

The call from the West African leading policy think tank comes on the backdrop of a 2017 World Bank's 'Ease of Doing Business' report which saw Ghana drop by twelve points down to 120th position from 108 last year - 2016.

Speaking to the media on the sidelines of the organization's business stakeholders conference - President of IMANI Africa, Franklin Cudjoe, noted that the current bottlenecks in registering businesses in the country (particularly, the insistence on having a Tax Identification Number - TIN before you can register a company) undermines government's effort in attracting investors, growing the private sector and creating much-needed jobs for the Ghanaian workforce.

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"I think right now the most important thing for this government to do is to: focus on making sure that our business processes are simplified to the extent that this whole business of asking people to generate TIN numbers before they can formalize their businesses, should be done away with(it should be scrapped", he said.

He went on to stress his views by citing an instance where during a trip to Hong Kong twelve years ago, he and few other friends (all foreigners to the Asian territory) were able to register a company within one hour.

The call by the policy think tank also forms part of a growing concern among the Ghanaian business public for government to take more aggressive measures in delivering on its promise to make "Ghana open for business again" - as captured in President Nana Akufo - Addo inaugural address early this year - 2017.  

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