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.