SMEs urged to seek business development advice// Hon. Nana Ama Dokua
Deputy minister for trade and industry has called on small and medium scale enterprises to seek business development services to help promote growth and sustainability of businesses.
She said the government as part of efforts to sustain the development, growth, and expansion of businesses, had established the Business Resources Centres (BRC) to serve as a one-stop-shop to complement the existing Business Advisory Centres for small and medium scale entrepreneurs.
It was therefore important for SMEs to seek technical assistance to grow their businesses and sustain them for future generations.
Speaking at the launch of the 2023 boosting Green Employment and Enterprises in Ghana (GEA) Innovation Challenge in Ghana,
Hon. Nana Ama Dokua, deputy minister for trade and industry, the situation in the country where the death of a business owner automatically led to the death of the business as well.
She said it was important for businesses to seek knowledge to grow and expand production to ensure that the companies existed even after the nothing of the owner.
Hon. Nana Ama Dokua, deputy minister for trade and industry, mentioned mismanagement on the part of successors, lack of succession plan, improper transfer of business knowledge to potential successor, not separating daily life spending and activities from business spending among others, as some of the reason businesses collapsed after the nothing of the owner.
She said the government had over the years been implementing aggressive industrialization programmes to make Ghana the new manufacturing hub of Africa.
The development of SMEs, Export Development, Development of Industrial Parks and Special Economic Zones, Business Regulatory Reforms, Strategic Agric Industries and One District One Factory, are all strategies towards achieving that goal.
Hon. Nana Ama Dokua, deputy minister for trade and industry, pointed out that, SMEs constituted over 90 per cent of businesses operating in Ghana and needed to develop capacities and innovate to be more competitive.
It is being implemented (GNA ) with funding from the world bank to pitch businesses that have graduated or currently enrolled in its six-month Incubation and GEA Acceleration programme.
Story by Fada Amakye from Daily Sun 106.com