Prime Minister and Minister of Finance, Dr. Keith Mitchell has accepted responsibility for Grenada’s low Doing Business Ranking that was released in November.
Grenada is ranked at the low position of 142 out of 190 countries around the world – the second lowest ranking in the Caribbean ahead of Haiti at 181.
In delivering the 2018 budget at the Grenada Trade Centre on November 23, the Prime Minister stated that it is the fault of the government that the ranking is low and that funding will be made available to put measures in place to increase Grenada’s Doing Business ranking.
“As a government, we must also accept responsibility for the low Doing Business Ranking that we have received in the last few years. We are not satisfied, Mr. Speaker. In that regard, we will explore a more focused approach to improve our ease of doing business by appointing a small unit under the Ministry of Health, Social Security and International Business, comprising personnel from the private and public sectors, as well as the Trade Unions, whose sole purpose is to deal with all specific activities related to enhancing the doing business climate.”
About two years ago, Economic Development Minister Oliver Joseph gave assurances that steps will be taken by the ruling New National Party (NNP) administration to improve the Doing Business ranking.