Smes Call For Gov’t Support

Adu-Gyamfi PixDr. Yaw Adu-Gyamfi, Vice-President of the Association of Ghana Industries (AGI), says Ghanaian Small and Medium Enterprises (SMEs) are ready when given the necessary governmental support to help tackle unemployment as well as stabilize the economy.

He said SMEs are more than qualified to turn around the economic turmoil of the nation if given the needed push from government.

Speaking at an International Labour Organisation (ILO) breakfast meeting of Chief Executive Officers in Accra, Dr. Adu-Gyamfi, who doubles as the Chief Executive Officer (CEO) of DANADAMS pharmaceuticals, said such support would enable industries to contribute its quota to ensure the stabilization of the Cedi.

Dr. Adu-Gyamfi said Ghanaian SMEs are not against foreign competition, but simply want support to be able to compete with foreign firms.

According to him, if the government supports about five to 10 pharmaceutical companies to expand and produce efficiently around 70-80 per cent of the nation’s medicinal needs, it could save the country about US$1billion per annum in import expenditure.

Additionally, if these firms are able to provide about 30 per cent of the pharmaceutical needs of the over 200-million ECOWAS population, that could also earn Ghana US$3billion per annum.

“We are willing to be part of the competition if we are given the opportunity. All we are saying is that we can and are ready to make a difference. All we want is for government to listen to us.

“We can only create jobs when our companies are given opportunities. Ghana is blessed and we must take advantage of the opportunities. If the government can give support to industries, we can bring foreign exchange to Ghana. We are ready and can do it,” he said.

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