Chief Executive Officer of Tropical Cables, Dr Tony Oteng-Gyasi, has cautioned entrepreneurs to avoid mixing business with politics.
He said mixing business with politics presents a risk factor to the growth of businesses.
He stated that there is nothing wrong with being politically aligned as a business person, but cautioned entrepreneurs not to allow their political affiliations to directly influence on their businesses.
The former president of the Association of Ghana Industries (AGI) made the comments on ‘Time with the Captains’, a discussion programme on TV3.
“You must have political opinions but the point is that your political opinions must not interfere with the businesses you’re running. It shouldn’t matter to you if you’re running a business, who is running the politics of our nation.
“As a business person, you should be able to walk to any Minister of Trade, any minister of industry; you should be able to walk to any government official and if you have an issue, or you have a discussion, go ahead and have that discussion. It is your entitlement; it is your due as a citizen of this Republic,” the former board chairman for the Electricity Company of Ghana (ECG) said.
The Tropical Cables CEO also observed that high-interest rate was a major indirect cause of unemployment in Ghana.
Unemployment remains a major challenge for government.
Even though several programmes have been rolled out to tackle the situation, the latest figures from the Statistical Service indicates a 2.4% rise in unemployment figures for 2020.
Dr Oteng-Gyasi said the inability of companies to pay back bank loans has led to the collapse of most businesses, which in turn has increased the unemployment rate in the country.
He cites high-interest rates as a major cause of the inability of companies to pay back their loans.
- Court of Appeal Judge to be investigated for ‘suspicious ruling’
- Ras Nene confronts Achimota Mall security for stopping his team from filming
- Ghana returns to gold top spot as output jumps 32%
- The Multimedia Group’s Lead Camera Technician, Modestus Zame laid to rest
- Tourists watch Russian man get devoured by shark on Egypt beach
- 2022/23 GPL final day: Medeama and Bechem title tug of war, Hearts of Oak’s relegation threat
- Playback: Burial service of The Multimedia Group’s Lead Camera Technician Modestus Zame
- Minority warns against turning Green Ghana Day events into corruption schemes
- ‘Spiritualist’ on trial for allegedly defrauding client of GHȼ85,000
- Economic crisis: Things will get better; but not this year – Badu-Aboagye
- Vice President Bawumia has never held British or any other citizenship – Gideon Boako
- Life lounge with Edem Knight-Tay: Only because she is a woman
- I’ve been forced out over Partygate report – Boris Johnson
- 2023 AFCONQ: Chris Hughton replaces injured Alexander Djiku with Kasim Adams
- Media Coalition Against Galamsey frustrated at non-prosecution of Akonta Mining directors
- ISSER recommends adoption of electric vehicles to achieve a low-carbon transport sector
- Prof Frimpong Boateng is a role model for fighting ‘galamsey’, follow his examples – German Ambassador urges Ghanaians
- Special Prosecutor is guest on Newsfile on Saturday, June 10
- Unemployment in Ghana is highest among female youth – ISSER report reveals alarming disparities
- GrEEn project plants 2,000 trees in Ashanti and Western regions
- Asantehene leads tree planting in Kumasi as part of Green Ghana Day initiative
- Johnnie Walker Black Label and Red Label ‘step out of boxes’
- Sankalp West Africa Summit 2023 on entrepreneurship slated for June 12
- French Open 2023: Novak Djokovic through to final after Carlos Alcaraz injury
- Man Utd owners spoke to PSG chairman about Sheikh Jassim bin Hamad Al Thani’s bid