Right Consults, an electronic security firm won the ultimate award – the Star Award of the Year, at the maiden Invest In Africa (IIA) SME Excellence Awards held at the Labadi Beach Hotel in Accra.
Country Manager of Invest In Africa, Clarence Nartey, challenged SME’s to build local businesses for global markets.
He revealed his outfit will be investing heavily in the capacity building of SMEs in the country.
According to Mr Nartey, there are ongoing partnerships with government, through the Ministry of Business Development to grow about 20 indigenous companies into multinationals capable of competing globally within the next four years.
According to him, IIA Ghana is aimed at “coordinating private sector efforts to build local content and develop the needed capacity and skills for sustained growth and jobs creation, it has grown to become a relevant local content player with a vibrant home-grown business ecosystem”
Country Manager of the African Development Bank, Dr Yero Baldeh urge the government to prioritize some key areas to enable local and upcoming entrepreneurs to expand their tentacles.
Dr Baldeh said an enhanced access to finance, reinforced business support, provision of support for entrepreneurship development as well as the promotion of an enabling environment will help entrepreneurs to compete favourably.
Speaking on the importance of the Excellence Awards, Dr Yero Baldeh was hopeful the ceremony will “empower SMEs to find new innovative ways of resolving challenges that confront them and enable them to seize opportunities presented by regional and international markets.”
Deputy Minister of Trade and Industry, Carlos Ahenkorah, also reiterated government’s resolve to embolden the private sector in fulfilment of its industrialization agenda.
Mr Ahenkorah revealed that efforts are being made to link young entrepreneurs to the relevant business market through the establishment of incubators across all University campuses in the country.
The Invest in Africa (IIA) SME Excellence Awards have been developed to honour local businesses who, through the ongoing flagship business linkage and skills development programme of the IIA, have put up enviable potential to scale up and participate in supply chains of larger organisations both in Ghana and abroad.
Other winners were Stredstar Engineering and Construction LTD winning Sustainable Business of the Year category, Joissam Ghana Ltd taking home the Scale-up Business of the Year award, AB Engineering winning the Business Transformation Award.
The rest are Asheba Africa grabbing the Business Innovation Award and Female Entrepreneur Award, Sustainable Agro LTD for the Business Linkage Award, Agri Access Ghana LTD for Award Merit Award among others
Latest Stories
-
Fighting Malaria: Volta Region achieves 98% target in treated net distribution
9 mins -
You have a special role in shaping our elections – Akufo-Addo to Ghanaian workers
35 mins -
ECG staff walkout during Ashanti Regional Minister’s speech at May Day event
54 mins -
Seventy percent of SMEs productivity lost to power crises in Central Region
1 hour -
We commend Bawumia for waking others up to come home and develop – Savannah NPP chair
1 hour -
SML-GRA contract – Legal Practitioner counters KPMG findings on parliamentary ratification
1 hour -
Do something about dumsor now – TUC tells Akufo-Addo at May Day event
1 hour -
Viewing Economics from a female lens: Legacy of Ghana’s first female Professor of Econs
1 hour -
Vaccines are safe, get your children immunized against killer diseases – Ghana Health Service
1 hour -
Glovo, five other multinational brands, and why they left Ghana
1 hour -
Narcotics Control Commission seizes 20.5kg of cannabis
2 hours -
One suspect arrested over killing of military officer at Kasoa
2 hours -
Maritime Security Threats: Global collaboration, commitment needed to overcome risks – Akufo-Addo
2 hours -
AWUSCO develops 6-year Scientific Strategic Plan towards digital transformation
2 hours -
May Day: I’m prepared to work with you again to meet Ghana’s needs – Mahama assures workers
2 hours