1. BENEFITS OF COMPETITION REFORMS FOR CONSUMERS AND PRODUCERS IN DEVELOPING COUNTRIES (CREW Project) 18 TH – 19 TH NOVEMBER, 2014 - BANGKOK Reflections on the CREW Methodology and Uptake in Other Countries/Sectors: GHANA JOE TACKIE CEO, PRIVATE SECTOR DEVELOPMENT STRATEGY 1

2. A CLEAR FOCUS ON PRIVATE SECTOR DEVELOPMENT GHANA’S MEDIUM TERM PRIVATE SECTOR DEVELOPMENT STRATEGY II CONTEXT

3. A Thriving Private Sector: GOAL To achieve sustainable, equitable and widespread private sector-led growth throughout Ghana PURPOSE To enhance the competitiveness of the private sector THE VISION

4. That will deliver: Economic transformation - productive, efficiency driven diversified economy Wider economic opportunity – Prosperity for All! Jobs, Incomes, greater regional equity A THRIVING PRIVATE SECTOR

5. LINK INTO OTHER NATIONAL INITIATIVES NDPC THEMATIC AREAS Macroeconomic stability Competitive Ghana Private Sector Modernised Agricultural & sustainable Natural Resource Management Oil and Gas Development Infrastructure and Human Settlements Development Human Development, Productivity & Employment Transparent and Accountable Governance. PSDS II Sector Strategies MDA Policies/ Initiatives Private Sector Projects Development Partner Projects

6. 6 Basic requirements Institutions Infrastructure Macroeconomic stability Health and primary education Efficiency enhancers Higher education and training Goods market efficiency Labour market efficiency Financial market sophistication Technological readiness Market size TRANSITION Now (GCI Ranking) 2014 2017 WHERE WE WANT TO BE

7. THE NEED FOR COMPETITION REFORMS

8. COMPETITION POLICY vis-à-vis COMPETITION LAW Source: CUTS, 2007 FDI Policy Procurement Policy Labour Policy IPR Policy Fiscal Policy Disinvestment Policy Industrial Policy Trade Policy ….. Other…… Competition Policy Competition Law All Government Policies that affect the functioning of markets Competition Policy - a broad concept that seeks to harmonise all government policies

9. THE RATIONALE FOR COMPETION REFORMS Competition Reforms, Economic Growth and Poverty Reduction The role and contribution of Competition Reforms to economic growth and development Wealth creation Employment creation (jobs) Participation in mainstream economic activity Better goods and services Real choices for the poor Innovation, new approaches, higher productivity, technology diffusion Tax revenues that finance services, increased capabilities of government A Competition Regime enables poor women & men to access goods & services & participate in growth

11. KEY SUCCESS FACTORS LEADERSHIP SENSE OF URGENCY BEHAVIOURS & ATTITUDE OWNERSHIP

12. SITUATE COMPETITION REFORMS WITHIN EXISTING GOVERNANCE ARRANGMENTS FOR PRIVATE SECTOR DEVELOPMENT

13. Using the capabilities of both the public and private sectors To undertake reforms Leadership from the top Mutual commitment and accountability Transparent, evidence based policy making processes. Deepening Understanding for reforms Maintaining commitment and drive GUIDED BY IMPLEMENTATION PRINCIPLES

14. COMPETITION REFORMS KEY SUCCESS FACTORS: 1. Communication 2.Strengthening Business Associations 3.Role of the Media and CSO 4. Collaboration between Govt., Private Sector and Civil Society 5. Programme of reform supervised by Inter Agency Coordinating Teams 6. Management - Target best brains in the country for credibility 7. Analysis / Recommendations – Persons able to command the respect of all sides

15. THANK YOU