Businesses urged to take advantage of interventions to grow

Business operators have been asked to make the most of government’s private sector interventions to grow, create wealth and give jobs to the people.

Mr. Thomas Kusi Boafo, Chief Executive Officer (CEO) of the Ghana Public Sector Reforms Secretariat, pointed to the deliberate steps to cut taxes to stimulate productivity and generate more revenue. He was speaking at a meeting held by the Ghana Chamber of Commerce and Industry in Kumasi.

He announced the government’s GHC50 million support package for the private sector. He added that there would also be stronger engagement with the Chamber and all other key actors on the new public sector reforms strategic document to make it useful to business growth.

Mr. Mark Badu Aboagye, CEO of the Chamber, underlined the need for businesses to be innovative and ensure painstaking value-chain analysis to stay competitive. They should stick to best practices and prioritize product packaging and said these were vital to sustain them on the path of growth and profitability.

Mr. Aboagye noted that there was growing investor confidence in the Ghanaian economy and said the Chamber had received a number of proposals from foreign investors, eager to partner some of its members to establish companies under the one-district one-factory policy.

It had therefore set up a committee to assist carry out detail analysis of the proposed companies to ensure their successful take off.