Gov’t Warns Manufacturers Of Substandard Goods

agambireMr Paul Victor Obeng, Chairman of the National Development Planning Commission (NDPC), has expressed concern about the production of substandard goods by some manufacturers in the country.

Such persons or companies, he said, would turn round after their gains to execute projects as part of their corporate social responsibility for the communities they operate and described the act as ‘robbing Peter to pay Paul”.

Addressing the Ghana Club 100 Awards Night at the Banquet Hall, State House, in Accra last Friday, Mr P.V. Obeng said that just as the government had created an enabling environment for investors to contribute their quota towards national development, it would not countenance any moves that were likely to put the economy and lives of the people in jeopardy.

“Some companies will produce substandard goods to maximise profit only to turn round and entice the country with projects in fulfillment of their corporate social responsibility,” he said.

“This robbing Peter to pay Paul attitude must stop,” he said, and urged investors to make good use of the stable political climate of the country for growth of their businesses.

RLG Communications, an indigenous Ghanaian company topped the 2012 Ghana Club 100 rankings, followed by Goldfields Ghana, Enterprise Life Assurance, Produce Buying Company (PBC) of the Ghana Cocobod, McDan Shipping Company, Kasapreko Company, Ghana Community Network Services (GCnet), Multi Pro Private Limited, Auto Plaza Limited and First Capital Plus Savings and Loans Company.

The programme organised by the Ghana Investment Promotion Council (GIPC) was on the theme, ‘Promoting good corporate governance and innovative entrepreneurship”.

The Chief Executive Officer of GIPC, Mrs Mawuena Trebarh, said companies which did not embrace innovation, eventually died off in the business cycle.

“GIPC believes that corporate Ghana has the capacity to compete with the best globally, and it is the hope  these  policies will encourage innovative entrepreneurship.

“It is, therefore, hoped that companies in Ghana will join hands in adopting best practices to ensure their long term survival and expansion,” she said.   By Castro Zangina-Tong 

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