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The Senior Minister, Mr Yaw Osafo-Maafo, has urged the Ghana Investment Promotion Centre (GIPC) to review the criteria used in selecting winners for the prestigious Ghana Club (GC) 100 Awards to break the tradition of the financial sector dominating the list.

Reacting to the continuous dominance of rural banks in the Club 100, he said: “The number of rural banks on the list of the GC100 companies is too high and going forward, a separate awards scheme should be developed for banks and financial institutions to make room for companies in other sectors of the economy to feature in the awards.“

Mr Osafo-Maafo said this last Thursday at the 16th edition of the Ghana Club 100 Awards in Accra on the theme: “Industrialisation –A tool for job creation and Accelerated Economic Development.” It brought together top players in the private sector, captains of industry, as well as leaders from the public sector.

He said the country was enjoying a lot of goodwill from countries around the world presently and that would translate into economic growth if the private sector could consolidate and expand its businesses to create more jobs and increase government’s revenue generation.

“When the private sector grows and pays more taxes, that is how the economy will grow so the government will continue to engage the private sector to help it expand for the benefit of the economy,” Mr Osafo-Maafo said.

The Senior Minister also hinted that the government was likely to spend more in 2018 to help grow the economy.