The introduction of private involvement in the public sector necessitated the setting up of independent institutions to oversee and ensure competition, efficiency, affordable pricing and quality of services.
These institutions were formed as part of the reforms within the public sector and mandated to perform functions that include policy-making, commercial operations and regulations.
Ghana has been able to create a workable framework to regulate all aspects of the economy.
All regulatory bodies have been mandated to maintain high standards and protect the interests of both producers and consumers.
Regulatory bodies gradually moving from licensing services to ensuring compliance with the maximum standard for quality of service delivery.
Noticeable improvements in the areas to do with business but bottlenecks in many other sectors.