Audio By Carbonatix
The Chief Executive Officer of the Private Enterprise Federation (PEF), Nana Osei Bonsu has charged the government to strategically build capacity and retool local businesses and state agencies to be competitive to benefit from the African Continental Free Trade Area (AfCFTA).
Speaking to JoyBusiness, Mr. Osei Bonsu noted that the inefficiencies of various businesses in the country can be traced to the starving of institutions of their statutory allocated budgets in some cases.
"I think in Ghana we all glorify the lamentations that public services are inefficient, public services are bad news or do anything well when there is a demand for them. Sometimes yes, it’s true they cannot deliver their work efficiently but it's no fault of theirs. They don't have the tools and financial resources especially human capital."
He believes when the public sector institutions become efficient, the private sector stands to benefit more hence the need for them to be pushed to the level of competition.
He added that AfCTA presents a great opportunity. "if we look at Ghana and the gaps of what we don't have, Nigerians are going to bring, South Africans are going to bring, Kenya, Cameroonians are going to bring, then where lies the Ghanaian businesses?” He quizzed.
He added "so we have to build their capacity to understand the competition that's coming. Push them to the level where they become strong enough to withstand any competition". He indicated that unless conscious efforts are made at that, Ghana will lose out.
AWARDS
In all, the Environmental Protection Agency- EPA adjudged the best performing agency after receiving an award for the adoption of innovation, an award for best customer care unit and best business-friendly and timely delivery.
LUSPA and Star Ghana Foundation were honoured Best Reforming agency and Suprise awards respectively.
The Department for Factory Inspections -DFI also got two awards on the night.
He believes when the public sector institutions become efficient, the private sector stands to benefit more hence the need for them to be pushed to the level of competition.
He added that AfCTA presents a great opportunity. "if we look at Ghana and the gaps of what we don't have, Nigerians are going to bring, South Africans are going to bring, Kenya, Cameroonians are going to bring, then where lies the Ghanaian businesses?” He quizzed.
He added "so we have to build their capacity to understand the competition that's coming. Push them to the level where they become strong enough to withstand any competition". He indicated that unless conscious efforts are made at that, Ghana will lose out.
AWARDS
In all, the Environmental Protection Agency- EPA adjudged the best performing agency after receiving an award for the adoption of innovation, an award for best customer care unit and best business-friendly and timely delivery.
LUSPA and Star Ghana Foundation were honoured Best Reforming agency and Suprise awards respectively.
The Department for Factory Inspections -DFI also got two awards on the night.DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
The World Cup and the new geography of belonging
48 minutes -
World Cup 2026: The Stars that were a kick away from a semi-final 16 years ago, arrive in USA not as standard-bearers
58 minutes -
Sky Train trial: $2m loss was caused by Covid-19, defence lawyers argue
1 hour -
Petrol prices set for sharpest drop in months as fuel costs fall from June 16
1 hour -
Vehicle pollution, a leading risk factor for death in Ghana both the children and working class
2 hours -
GNFS intensifies fire prevention campaigns in Eastern Region
2 hours -
Presidency cuts political appointees by 124, but compensation bill jumps 148% and staff classifications raise questions
2 hours -
Retirees benefit from 7th health screening of Lordina Foundation
2 hours -
Sogakope residents storm ECG office over alleged overbilling, poor service delivery
2 hours -
BoG extends registration deadline for money transfer operators
2 hours -
Esiama Market to become commercial hub of Ellembelle – Kofi Buah
2 hours -
Black Stars to depart Rhode Island for Toronto today ahead of Panama clash on Wednesday
2 hours -
Wenchi 24-Hour Market project takes shape
2 hours -
Suaman MP urges NPP members to rally behind Dr Bawumia for victory 2028
2 hours -
Auditors’ Court to be established to prosecute audit offences – Ato Forson
3 hours