Mr Kufuor says there must be correct fiscal and monetary policies from the Central Bank coupled with proper budget plans to propel the economy.
“…There should be rationality in government’s management of these two sectors of the economy,” he told Farida Khailann on the Christmas edition of the XYZ Breakfast Show on Wednesday.
He says: “When government gets rational, government will create the enabling atmosphere, thereby, for the private sector to also grow”.
Mr Kufuor, who was recently appointed as a United Nations Special Envoy on Climate Change, said the growth of the private sector is crucial because “…everybody is coming round to see that without the private sector, you don’t get productive employment. You don’t get spread of wealth, and without these two, life tends to be wretched.”
He said the “trend economically should be a government that is sufficient in managing the public aspect of the economy so as to encourage the private sector to also invest to create the jobs and spread the wealth for all of us”.