Business News of 2014-02-10

‘Overhaul Ghana’s public sector’

The Vice-President of IMANI Ghana, Mr Kofi Bentil, has called for an overhaul of Ghana’s public sector.
He said the public sector was choked with more than 550,000 workers whose contribution to productivity was nothing to write home about.
Addressing the third Entrepreneurship Clinic for students in Kumasi, Mr Bentil said 100,000 workers could very much do the work of the 550,000 workers.
The clinic was organised by the Centre for Business Development (CBD) of the Kwame Nkrumah University of Science and Technology (KNUST) to educate students on entrepreneurship and small business management.
Sponsored by HFC Bank, the month-long programme also seeks to educate the students on business and expose them to the opportunities, challenges, characteristics, attitudes and skills needed for a successful entrepreneurship and venture creation.
After the programme, participants are expected to learn how to manage and sustain businesses in Ghana, understand the business environment and the opportunities and the threat it presents.
It will also help them to discover and utilise their potential in life and how to cope with life after school, as well as understand the business financing systems of Ghana, including microfinancing.
To achieve its target, carefully selected accomplished business practitioners and entrepreneurs are invited to share their experiences through teaching, mentoring and coaching.
Mr Bentil stated that an overhaul of the public sector was necessary to ensure that the workers actually did the job they were paid to do.
He said as it was now, people reported to duty only to waste time but were quick to collect their salary at the end of the month.
“The current situation is that the public sector needs an overhaul to weed out the excesses to prevent wastage,” he said.
The Chief Executive Officer (CEO) of Cleaning Solutions Ltd, Mr Kofi Atua Ankomah, urged the students to set achievable goals and work towards attaining such goals with dedication and hard work.
The Provost of the College of Art and Social Sciences (CASS), Prof. Sam Afranie, who chaired the function, said the college would continue to put in place the right programmes and initiatives to enhance the training of students for the job market.