The National Economic Dialogue has six breakout sessions focused on various sectors of the economy.
Here are the key takeaways from each session:
- Creating the National Economic Council
- Focus on follow-up with the Dialogue to ensure implementation of recommendations
- Prioritize putting the country first in the quest for economic stability and growth.
- Emphasize creating a resilient, high-growth economy with reliable jobs for youth
- Growth with Depth for Economic Transformation
- Adopt a framework for economic transformation with a focus on digitization
- Define clear policies with industrial players, local and foreign investors
- Create markets for local businesses and emphasize technology and R&D
- Assess financing options for women and explore cassava’s potential for the pharmaceutical industry
- Private Sector-Led Growth
- Strong macroeconomic environment critical for success, with GDP target of 60%
- Policy consistency and coherence essential across governments
- Address huge debts of SOEs like Cocobod and ECG, and explore private sector participation
- Review GIPC Law, ensure tax efficiency, and prioritize food security Financing the Reset
- Create a fund ($10-15 billion) to empower specific sectors like garment and farming
- Address low productivity, work ethics, and performance management
- Reform Fair Wages and Salaries Commission to National Remuneration Commission
- Restoring Macroeconomic Stability
- Address unsustainable fiscal policies, high inflation (23.2%), and depreciation
- Reform tax regime, VAT gap, and property tax administration
- Improve foreign exchange markets, review retention regime, and recapitalize Central Bank
- Infrastructure Sector
- Invest $10 billion in infrastructure development, including agriculture, energy, and transportation
- Prioritize privatization of projects, PPP initiatives, and network connectivity in rural areas
- Restoring Good Governance and Eliminating Corruption
- Implement constitutional reforms, retrieve looted resources, and retool government institutions to fight corruption
