Audio By Carbonatix
A Business Development Consultant, Gideon Agyeman, has said that government is the biggest challenge entrepreneurs face in the country.
Speaking on Joy FM's Super Morning Show, on Wednesday, October 20, 2021, he stated that government over the years has not supported the growth of businesses in the country.
"Government does not support business entrepreneurs and unfortunately when they do, that tends to be a problem itself. Government support will be nice for a season but then they'll come back to hunt you. Government is the number one problem entrepreneurs face in the country," he said.
The comment follows the Finance Minister, Ken Ofori-Atta’s statement that Ghanaian students must take charge of their future through entrepreneurship since the government payroll is full.
He expressed the view that the bureaucratic procedures involved in the acquisition of relevant documents for start-ups, regulations, taxes, etc do not create a friendly environment for entrepreneurs in the country.
Mr Gideon Agyeman further stated that entrepreneurs often suffer victimisation at the hands of government.
"To become an entrepreneur in Ghana you have to learn to lose your morals. You have to look away when you see something bad because when you speak up you'll be victimised."
He noted that this has made it impossible for entrepreneurs to criticise the government when things go wrong.
"You don't talk about the government because if you do, government will find a way to come after you. So even when things go wrong you can't talk about it," he said.
Chief Executive Officer of Horseman Shoes, Tonyi Senayah, who was also a panelist on the show, expressed similar concerns.
“You become the enemy of a lot of public agencies when you become an entrepreneur,” he said.
He added that government has failed to enforce policies and interventions instituted to support the growth of privately owned businesses in the country.
“The Finance Minister in one of the budget readings mentioned that government will give tax breaks to business owners under 35 years [but] you’ll walk to the GRA offices and they’ll tell you they don’t know anything about that and that it ended in Parliament. And it can be very frustrating,” he said.
As the way forward, Mr Senayah entreated the government to put in place “deliberate policies to walk people through the bureaucracies when registering a business or a start-up."
Latest Stories
-
US Health Deal: Ghana cannot cut off health aid overnight – Former Deputy Minister
13 minutes -
Cutting off donor aid now would deepen health sector strain – Akwasi Acquah
33 minutes -
Asutifi North targets zero exam malpractice in BECE – DCE
54 minutes -
Atebubu-Amantin MP warns gov’t over food glut, dumsor crisis
58 minutes -
We are living on borrowed time – Oppong Nkrumah
1 hour -
ECG invests GH¢1.11bn in Ashanti power upgrades to address supply fluctuations
1 hour -
Greater Accra REGSEC begins demolition of illegal structures at Sakumo Ramsar site
1 hour -
Ghana High Commission invites global investors to Ghana-UK Investment Summit 2026
1 hour -
BoG’s financial position raises concerns over policy credibility – Dr Hene Aku Kwapong
1 hour -
Ghana borrows GH¢20.48bn from Treasury bill auctions in April 2026
1 hour -
Seven teachers arrested over BECE infractions
1 hour -
World Bank launches strategy to transform West, Central Africa’s health systems
1 hour -
Gold trading losses must be minimised – Joe JacksonÂ
1 hour -
Police investigate alleged murder of couple at Saki
2 hours -
Voluntary HIV testing urged in KadjebiÂ
2 hours