Relations Act of 1965, Act 299.
A consumer protection initiative, under
the Environmental Impact Assessment Programme, is being implemented
to protect Ghanaians from the hazardous effects of unrestrained
industrialisation, especially in the mining and commercial tree harvesting
sectors of the economy.
Economic Objectives of the Directive Principles of State Policy
With respect to the economy, Article 36 of the Constitution enjoins the
state to take all necessary measures to ensure "a sound and healthy
economy". Among othe.h. things, it calls on the state to manage the
national economy in such a manner as to maximize the rate of economic
and social development, and to secure the maximum welfare, freedom and
happiness of every person. This includes providing adequate means of
livelihood, suitable employment and public assistance to the needy.
Framework for Promoting Economic Rights
Ghana pursues a macro-economic policy based on a market oriented
liberalized system of economic management. In 1983, the country
adOpted an Economic Recovery/Structural Adjustment Programme
(ERP/SAP).
The economy is deregulated with emphasis on private sector participation.
State owned enterprises (SOEs) are being divested under the Divestiture
Implementation Programme administered by the Divestiture
Implementation Committee (DIC).
An umbrella advisory body to boost private sector participation in the
economy, called the Private Enterprises Foundation (PEF), has been
established. PEF coordinates and shapes policies affecting the private
sector.
To promote investment locally and externally, the Ghana Investments
Promotion Centre (GIPC) has been set up. GIPC facilitates investment
initiatives in accordance with the Investment Promotion Centre Act 1994
(Act 478). A Free Zone-.1 Board has been established to further bolster
competitive investment opportunities.
In addition, a National Development Planning Commission (NDPC) has been
set up with a mandate to plan the overall development objectives of the
country. The NDPC prepared a document known as Vision 2020, which