The President of Group Ideal, Nii Kotei Dzani, the economy is not doomed but rather recovering given the prudent economic measures being implemented by the government.
“Those predicting doom for Ghana’s economy are not God. It is recovering and we need to take advantage of it,” he stated during the company’s festival of Nine Lessons and Carols in Accra, Wednesday.
Citing his company as an example, he said in spite of the economic challenges, they have been able to increase their assets from 1 billion cedis to 1.5 billion cedis this year.
Nii Kotei Dzani said they were able to achieve this feat because they took advantage of the challenging environment to create opportunities.
Based on this sterling performance, he announced a salary increment of between 25 to 35 percent for staff in 2018 to encourage them to do more.
The Ideal Group President also hinted that, there will not be any acquisition but will rather seek to consolidate their growth and expand to other regions.
He emphasized that all was not lost given the numerous austerity measures being introduced by the government to help local companies.
“This is the time for the youth to take advantage and open businesses because the government is offering incentives. Economic challenges bring its own opportunities,” he added.
Nii Kotei Dzani also charged local investors to take advantage of the booming oil and gas sector to accelerate Ghana’s development.
Have your say
More Business Headlines
- CalBank to deploy about 2,000 agents for its agency banking
- Banking sector reform yielding positive results - Akufo-Addo
- 20 teams enter first-round of the Kosmos Innovation Centre 2019 Agritech Challenge
- Ghana Commodity Exchange integrates 20 Ghanaian farmer groups
- Ghana-IMF Relations: Time for regular health checks of the economy
- ExxonMobil, BP withdraw from bidding for Ghana's oil blocks
- GSE confirms the return of confidence on the local bourse
- Market uncertainty in 2018 had adverse impact on social investments made by banks
- MTN, Vodafone CEOs urges local firms to leverage new trends in technology
- Inlaks Ghana attends Temenos confab in Netherlands
- GhIPSS suggests use of Direct Debit to collect funds
- Chinese airlines seek Boeing compensation over 737 MAX grounding
- Shoe giants urge Trump to end trade war
- Asky Airlines makes most of technology to deliver enhanced services
- What African central bankers may decide in the Next 2 weeks