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| This area will broadly address the conditions that drive
the development of the private sector with capital markets being
a focus sub theme. Private sector development has become the cornerstone
for the economic development agenda of most countries. It is seen
as a more efficient mechanism for achieving more efficient resource
allocation and therefore higher rates of economic growth. However,
differences exist regarding the appropriate mix of policies that
drive private sector development. Discussions on this theme will
therefore focus on identifying the policies that are likely to drive
private sector development given the particular legal, institutional
and economic conditions in Ghana.
Given that a vibrant financial sector is a prerequisite
for robust private sector development, the group will explore the
role of capital markets in private sector development. In response
to the observed difficulties faced by the private sector in mobilizing
long-term capital, the discussions will identify the policy mix
that will result in a rapid development of structures that will
increase the flow of debt and equity capital to the private sector.
The discussion will focus on economic, legal and institutional reforms
needed to effectively develop capital markets as well as the operational
requirements for efficient capital markets.
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