|
Rapid economic growth requires Free
Market Economy - IPA
Accra, Dec. 24, Ghanadot/GNA - The Institute of Economic
Affairs (IEA) on Monday said free-market economy based on
the freedom to choose, to produce and to exchange was
identified as a crucial tool for the development of the
private sector and the growth of the economy.
It was therefore essential to build a market-based economy
that could be supported by strong institutions, which
protected physical and intellectual property rights as well
as appropriate interventions by government.
A release signed in Accra by Miss Abena Offe, Programmes Co-ordinator,
IEA said this was the outcome of a current survey conducted
by the Institute to assess the impact of two workshops,
which were organised in collaboration with the Centre for
International Private Enterprises (CIPE) in June 2007.
It said some of the topics discussed at the workshop
included the power of markets and the role of institutions,
private sector development and constraints, Information
production in a market economy and corporate social
responsibility.
It said six months after the workshop, a representative
sample of the participants had expressed their changing
views on free markets and private enterprises.
According to the statement, Mr. Kwaku Kwarteng, Government
spokesperson on Finance alluded to the fact that the
workshop had strengthened his commitment to free markets and
enabled him to increase his efforts in promoting free market
ideas.
He said before the workshop, he was of the view that the
state must find ways of supporting the poor on the premise
that individuals differ on entrepreneurial skills and
abilities.
Mr. Moses Dani Baah, People's National Convention (PNC)
Member of Parliament for Sissala East said presentations and
issues discussed at the workshop had shown that the world
was moving towards a free market economy.
Mr. David Tetteh Assuming, National Democratic Congress (NDC)
Member of Parliament for Shai Osudoku said knowledge gained
at the workshop would help him in his dealings with
Community based Organisations and corporate bodies in his
constituency.
The ultimate goal of the workshop was to build economic
platforms in four political parties so that there would be
broader support for economic reforms that seek to liberate
markets.
It brought together some leading members of the country's
main political parties, business organisations, academia,
and members of the civil society.
GNA
|
