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Unfavourable business regulatory framework hindering entrepreneurial potential in Ghana – World Bank Consultant
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Emmanual Awuni, a private sector consultant at the World Bank, says an unfavourable business regulatory framework is hindering entrepreneurial potential and deepening Ghana’s unemployment situation.
He said the existing regulatory framework and requirements from state agencies were a major obstacle to the realisation of the entrepreneurial potential of Ghanaian youth.
The unfavourable business regulatory framework, which includes business registration, was demotivating the youth from pursuing entrepreneurship, he said.
This challenge, he said, could worsen the unemployment situation in the country, as 3.87 percent of the population is currently unemployed.
He was speaking at the End Poverty Day Programme which was held at the World Bank office in Accra.
“We have seen an unfavourable business regulation framework in the country. We are looking at the entry and exit points for businesses. As a young person, you know that when you are starting a business and you want to register, it is sometimes difficult. To even exit the business has its own challenges,” he said.
Mr. Emmanual Awuni called for reforms in the regulatory framework and requirements to encourage youth to pursue entrepreneurship.
He said the World Bank (WB) aimed to eliminate the bottlenecks associated with the regulatory framework by engaging the relevant agencies to improve the regulatory quality in Ghana.
Thus, the WB had supported the Ministry of Trade and Industry to introduce business regulatory reforms to give agencies the push on how to improve regulatory governance and coordination to encourage entrepreneurship in the country.
The reforms, he said, will consequentially reduce unemployment in the country.
Mr. Awuni observed that many unemployed youths in the country lacked knowledge of career paths to pursue. He urged the stakeholders in labour and employment relations to welcome the idea of pre-employment services to reduce unemployment in the country.
He indicated that economic growth in the country had not been consistent with job creation.
He said major progress in terms of economic growth in the country was achieved in the extractive sector, and a significant number of those employed in the sector were expatriates. Therefore, the economic growth was not really creating the jobs needed to reduce the unemployment rate in the country.
Source: GNA
Minister for Tourism, Culture and Creative Arts, Abla Dzifa Gomashie, has called on both local and international investors to tap into opportunities in Ghana’s tourism, hospitality and creative industries.
Speaking in an interview yesterday with World Media USA Today, the Minister said government is committed to creating a conducive investment environment to support growth in the sector.
She highlighted key investment areas including hotels, fashion, music, film production, and tourism infrastructure.
Dzifa Gomashie also encouraged Ghanaians to invest in domestic tourism to help boost the local economy.
According to her, strategic investment in tourism and the creative economy will drive economic transformation, create jobs, and position Ghana as Africa’s gateway for heritage, culture, business and investment.
“Ghana has vast opportunities across tourism, hospitality and the creative industries. We are ready and open for business,” she stated.
The Minister’s remarks come as government intensifies efforts to leverage culture and tourism as drivers of economic growth and job creation.
By Edem Mensah-Tsotorme
The National Health Insurance Authority (NHIA) has released GHS219.8 million to credentialed healthcare providers across the country to support the continued delivery of healthcare services under the National Health Insurance Scheme (NHIS).
According to a statement issued by the Authority on Thursday, the payment was made on July 1, 2026, and covers a backlog of claims from previous years as well as vetted claims for services provided up to May 2026.
The NHIA said the latest disbursement brings the total amount it has paid in claims this year to nearly GHS1.2 billion.
It explained that the payment is aimed at improving the financial stability of healthcare providers and enabling them to continue offering quality healthcare services to NHIS members without interruption.
The Authority said private healthcare facilities received GHS98.24 million, representing 44.69 per cent of the total payment. Public healthcare facilities received GHS80.86 million, representing 36.78 per cent, while mission and faith-based health facilities received GHS40.70 million, representing 18.53 per cent.
The Chief Executive of the NHIA, Dr. Victor Asare Bampoe, said the payment demonstrates the Authority’s commitment to reimbursing healthcare providers on time.
“This payment reinforces our commitment to strengthening the financial sustainability of the health facilities that serve NHIS members every day,” he stated.
He added that the Authority remains focused on ensuring that healthcare providers, from major hospitals to Community-based Health Planning and Services (CHPS) compounds, receive timely and accurate payments for the services they provide.
Dr. Bampoe said the NHIA is also implementing measures to improve claims processing, reduce payment delays and strengthen collaboration with healthcare providers in line with the government’s goal of achieving Universal Health Coverage.
He encouraged all credentialed healthcare providers to submit their claims promptly and accurately while following the Authority’s claims processing guidelines to support faster vetting and reimbursement.
The NHIA reiterated its commitment to strengthening the National Health Insurance Scheme through sustainable financing, increased confidence among healthcare providers and improved access to quality healthcare services for all Ghanaians.
By: Jacob Aggrey
