Accra, Sept. 10, GNA - The Association of Ghana Industries (AGI) on Wednesday asked government to work at reducing the cost of accessing capital by private sector operators.
The Association said currently, many businesses were working virtually for the banks that claim so much from them in the form of interest rates, collateral and other forms of charges.
Interest rates currently fall between 36 and 38 per cent. Other export credit facilities have much easier terms, yet most entrepreneurs are unable to access them.
Mr Samuel Appenteng, 2nd Vice-President of the AGI said this at a seminar organized by IntEnt, a Netherlands club which offers assistance to migrant entrepreneurs in creating joint ventures and new businesses in their country of origin.
The seminar aims at creating a platform for Ghanaians abroad, especially in the Netherlands, desiring to set up businesses at home. He charged officials in government circles whose jobs were to ease private sector operations, yet end up frustrating them to put a stop to it "if Ghana Incorporated is to succeed."
He also called on the improvement of services and systems that would ease the businesses in order to encourage them stay and do business in Ghana.
"In particular is the need to improve the morale of public servants through improved remuneration, skills enhancement and retooling so that they are able to work with better paid nationals who return to do business in Ghana." 10 Sept. 03
