Ishmael Yamson & Associates is pleased to invite you and your colleagues to attend a public event on the topic “The Audacity to Transform the Economy of Ghana”
After 58 years of Ghana’s Independence, the country has failed to deliver consistent and sustained growth with widespread prosperity. Instead the period has seen disjointed economic performance, with short spells of strong growth followed by long periods of poor economic performance and harsh adjustment programmes.
The lack of sustainable strong economic performance has variously been blamed largely on our colonial past, political instability from 1966 to 1981, our over-dependence on commodity exports and poor governance. While the country has now embedded democracy and has seen political stability since 1992, albeit fragile, the promise of delivering consistent, sustainable, strong economic performance to create widespread prosperity has evaded the country.
Currently Ghana’s economy is going through one of its most difficult periods. There is serious energy crisis with pervasive power outages, many other economic and social infrastructure including roads and water are in deplorable conditions. The macro-economic environment is harsh and unfriendly for business activities, economic growth has weakened, productivity has plummeted while business and consumer confidence are on a steep decline. The situation indeed does not look promising for a country which currently is classified as Lower-Middle Income and the future is most uncertain.
There is need for action now. The Minister of Finance in his 2015 budget launched a Transformation Agenda. While the core elements are yet to be defined, it is nonetheless a good beginning. What remains is to clearly define what this transformation entails and whether the Audacity to Transform the Economy of Ghana exists. We need to understand what our failures have been, what we have learnt from them and how we intend to recover from them. Even more importantly, we need to understand what implications all this will have on investors and the private sector and how to restore confidence in the economy.
What do all these happenings mean for you and your business, and how should you respond?
The purpose of the Forum will be to identify and define a strategic agenda that will respond to the issues of the transformation Ghana needs, suggest a road map to create sustainable strong economic growth which will expand public and private sector opportunities for creating wealth and jobs.
The purpose of the Seminar and the follow-up Workshops will be to;
1 - assist businesses understand and appreciate the potential implications of a transformation agenda,
2 - help them identify potential discontinuities and disruptions that transformation agendas normally entail,
3 - define their own strategic agenda to respond to the discontinuities and disruptions, and
4 - identify opportunities that are likely to emerge and how to leverage them.
This event is designed to help owners of SMEs, corporate leaders responsible for strategy definition and implementation, Board-level Directors, public sector policy makers and senior politicians chart a strategic path to growth across the sectors and businesses they are responsible for.
The event plan detailed on the subsequent page combines a;
1 - one-day forum delivered by a panel of leading thinkers on the local and global economy who have a deep understanding of the Ghanaian economic landscape, and
2 - two-day workshop designed to help participants to model responses.
Programme Design Activity Description& Proposals
Concept The Context of Transformation Framing the strategic shifts in the Global and Local Economy and the appropriate responses from Ghana’s private and public sectors
One-day event starting at 9am Identify the strategic economic shifts, the transformation response, and their implications for economic actors in Ghana
Define a road map to create sustainable strong economic growth
2 days starting at 8:30am Identify strategic paths to growth available to economic actors in Ghana
Build a strategic framework for developing solutions
Speakers Razia Khan, Managing Director, Macro Research, Standard Chartered Africa
Santiago Herrera, Lead Economist, Ghana, World Bank
Felix Addo, Country Senior Partner, PwC Ghana
Mrs. Mawuena Trebarh, CEO, Ghana Investment Promotion Centre
Patrick Awuah, President, Ashesi University
Dr. Nii Kwaku Sowa, CEO, Sowa & Associates
Dr. Emmanuel Oteng Kumah, International Economic Consultant and Advisor
Dr. Ishmael Evans Yamson, Chairman, Ishmael Yamson & Associates
Cost of Participating Participant GH¢1750 per ticket
Advertising Stand GH¢3000 per stand
Venue Alisa Hotels North Ridge, Accra
Event Dates Seminar Tuesday, 26 May 2015
Workshop Wednesday, 27 May 2015 and
Thursday, 28 May 2015
Networking Cocktail Thursday, 28 May 2015
Ishmael E Yamson
The Audacity Team