The Ghana Chamber of Young Entrepreneurs has expressed its disquiet about the current power outages.

According to the CEO of the chamber, Sherif Ghali, many small and medium businesses face the risk of downsizing or folding up if the situation continues.

He stated that the situation is having a toll on the cost of operations of private businesses.

“To be honest with you, these are all the small things that happen and businesses collapse. Imagine a young person who runs a Barbering Shop, a young person who runs a cold store how would they operate?” he quizzed.

For two months now, Ghana have been grappling with intermittent power outages. These outages have rendered many small enterprises incapacitated to deliver on their outputs.

While the ministry is yet to issue a schedule for the intermittent power cuts, the vice-president as well as some key government officials with responsibility over the sector have promised to curtail the situation soon.

Mr. Ghali who spoke to Joy Business at the launch of the YEC Space, a co-working space developed by the chamber, could not hide his frustration.

“Today we had a launch of the young entrepreneur co-working spaces. If not for fossil fuels and a generator, we wouldn’t be able to do the programme because all of a sudden electricity went off.”

“These things can collapse businesses.” He added.

The co-working space will offer budding entrepreneurs and start-ups with affordable office and meeting space to run their businesses. The space, which is fully equipped with internet service and a power plant will also provide mentorship and networking sessions to aid the growth of the SME sector