Question
Countries throughout the world have developed privatization policies. Some section of the Ghanaians believe that the nationalization and state management of public enterprises are the
Countries throughout the world have developed privatization policies. Some section of the Ghanaians believe that the nationalization and state management of public enterprises are the optimal way for growing the Ghanaian economy and that governments policy of one district, one factory should be established and manage entirely by the state. This position is gaining some support from some members of the Council of State. However, with many state enterprises facing strong incentives to perform inefficiently some key staff of ministry Finance and Economic planning have opposing view pointing out that one of the ways in which governments role in the economy can be made both more constructive and more efficient is to adopt a strategy that encourages regulated private ownership of the factories at the various districts and hence proposing privatization of existing state enterprises and many governmental functions. As a key staff of the ministry Finance and Economic planning discuss the extent which you agree with each positions, citing some examples in support of your views.
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