ACCRA, March 14 (Xinhua) -- Ghanaian President Nana Akufo-Addo on Tuesday said he is keen on recreating a pro-business climate in the west African country to spur development.
Speaking to a delegation from the United Bank for Africa (UBA), President Akufo-Addo said his administration came into office because the country's economy had taken a nosedive, and there was the need for a new direction.
He said his government's first task would be to revive the economy and put it on the road to growth and expansion, adding that the government wanted to grow Ghana's industry and agriculture, and have a solid financial system that would support the growth of these two sectors.
"We are counting on UBA to have a good understanding of where we are going, and be in a good position to fund some of these critical developments in industry and agriculture," he told the delegation.
The Chairman of the UBA, Tony Elumelu, assured the Ghanaian president of his bank's support for the growth and development of the critical sectors of Ghana's economy, as government sought to return the nation back onto the path of progress and prosperity.
According to Elumelu, investor confidence in Ghana is rising, following the pro-business and pro-private approach taken by the government, coupled with policy initiatives announced in the 2017 budget, which is making Ghana the investment destination in the region.
"We are very happy about all of this, and we would like to associate ourselves with your government and support you to succeed, both in banking and in other sectors of the economy," he said.
During the era of the last administration, UBA supported government to the tune of 1.1 billion U.S. dollars.