Create desk for informal sector businesses Phanes Group opens African solar power incubator — Registrar General’s Department urged

A Consultant, Mr Lawrence Adjei has called on the Registrar General’s Department to create a business registration desk for the informal sector to fast track business operations.

According to him, there was the need for both registration and filling returns desk to simplify and create less expensive registration process.

Mr Adjei who is also the Operations manager of Grun Global Consultant Limited made the call when he presented a Business Growth Plan, (BG) at a conference held in Accra.

The BG plan is to be used to formalise some businesses in the informal sector and partially address the liquidity challenges in the microfinance sector.

He said the plan is an advisory service that begins with a specific goal in mind with a step by step approach to achieve it.

Mr Adjei said the informal sector constituted about 80 per cent of the working population in the country.

However, he said most of the informal businesses were merely surviving rather than growing, adding that much attention should be given to them.

Mr Adjei was optimistic that the BG plan would provide a safety net to avoid the recurrence of liquidity crises facing the microfinance sector.

In a speech read on behalf of the minister of Business Development, Mr. Ibrahim Mohammed Awal he said the government is passionate about building a nation that is less dependent on foreign handouts and a more self reliant.

He said the government had put in place measures to stabilise the currency and reduce significantly the cost of borrowing amidst a host of tax cuts.

By Agnes Opoku Sarpong 

 

 

 

 

 

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