Business News of 2014-03-02

Reroy Cables welcomes President’s recommendation

Mrs. Kate Quartey-Pappafio, Chief Executive Officer (CEO), Reroy Cables, has welcomed the President’s recommendation to the Electricity Company of Ghana (ECG) to purchase locally manufactured cables to ensure the growth of the local manufacturing sector.

Speaking to the Ghana News Agency (GNA), Mrs. Papafio said it was the desire of local manufacturers and government to work together under the Public-Private Partnership (PPP) concept to enhance the growth of the economy.

Mrs. Papafio said the private and public sectors can collaborate to ensure quality service delivery, adding, ‘we need to know each other’s developmental plan to develop a roadmap to ensure that our activities meet the required standards to ensure efficiency.”

She suggested that the portion of funds allocated for the infrastructural fund needs to be channeled to the private sector to help them improve the world of work.

According her, the ECG has being buying her products for some time now which she said was a win-win situation, because apart from the high cost of importation, the utility company would derive value for money “ just at the backyard”.

She said this will go a long way to ensure the stabilization of the cedi, and bring into the country more development projects that will create an enabling environment for doing business to attract more investors.

She assured utility providers that Ghanaian companies would offer them internationally certified quality products if they buy from them.

Mrs. Papafio appealed to government to make available loan facility with low interest rate that will enable them expand their capacity and increase their output per man hour.

She said she is going to empower Ghanaian women with BOAMA foundation through proper skills acquisition methods to ensure that they become well recognized women with virtues that can grow the nation and the entire women in the Sub Saharan African region.