In Ghana, manufacturers' trade summit aims to improve Ghana's productivity



[ad_1]

<! –

->

Recently, when the governing bodies of the Ghana Bar Association (GBA) and the National Bar Council invited President Nana Addo Dankwa Akufo-Addo to discuss relevant national issues related to the "culture of impunity" and the Current state of the situation. economy, among other problems, the President has no longer had the opportunity to express his discomfort with the decline in the value of the cedi compared to its international counterparts.

"There are structural problems that are not articulated well enough," President Akufo Addo said emphatically. He went on to explain that the poor performance of the cedi was due to the fact that the country did not produce enough and therefore did not earn enough in foreign exchange through exports to strengthen the value of the local currency.

"We live in a country where we depend too much on importing things for our daily subsistence. What we can produce, we continue to import them and, at the same time, we do not generate enough exports, it is the true origin of the fragility of our currency, "said the president lucidly.

In this context, it would appear that The Business Executive Limited, the organizers of the Ghana Manufacturers Business Summit 2019, are acting in concert with the president's concerns when they planned the transfer of Ghanaian manufacturers to the network and interfaces with the government so to shape the best way to revive production in Ghana.

The highly anticipated event is a sectoral concept designed to bring together all the players in the manufacturing sub-sector every year to discuss issues related to growth opportunities, investments and challenges facing the sub-sector. confronted, while constantly seeking ways to achieve progressive productivity.

For the first event scheduled for Monday, May 27, the theme is: Achieving the recovery of growth in the manufacturing sector: the role of government.

"We deliberately chose the manufacturing sub-sector for this constant priority because of its importance to the Ghanaian economy. As a media company, we also want to define productivity as an agenda in order to emphasize its importance and bring a turning point. Ghana's economic development, "said the organizers.

It should also be recalled that in Vienna, Austria, on 22 September 2017, African leaders, representatives of the United Nations as well as representatives of international financial institutions and the private sector met at United Nations Headquarters to discuss reaffirm their commitment to a broad international partnership aimed at industrializing Africa in a socially inclusive and ecologically sustainable way.

The UN has declared 2016-2025 Africa's Third Industrial Development Decade (IDDA III). How can Ghana deliberately and strategically plan to take advantage of the opportunities inherent in the UN program?

However, even if the UN program is to be seen as a positive element, Ghana needs to keep in mind the implicit pressures induced by the gains of the current global economy.

Many African countries, including Ghana, have restructured their economies and adopted liberal economic and trade policies to support development strategies to take advantage of the global economy. These reforms have their own challenges, including the influx of imported commodities and the regrettable closure of industries leading to job losses.

While these realities weigh heavily on our local economies, the moment calls for a conscious and deliberate effort and a revision of our policies to revive the manufacturing industry for much needed restoration and growth.

The sub-sector will continue to contract and Ghana would lose its industrial base and miss the ongoing concerted efforts of Africa and the United Nations to industrialize Africa over the next ten years if the government rethinks. not strategically and deliberately its objectives. policies to address the challenges of the sector. And for the government to become aware of this important task, it is in place that the affected sector take the initiative to push and guide the government in action through sustained dialogue. It is the realization of this vital necessity that gave rise to the idea of ​​the Ghanaian Business Summit.

"As a result, the overarching goal of the Ghana Manufacturers' Summit is to stimulate sustained growth in the manufacturing sub-sector through the direct involvement of the private and public sectors in dialogue and negotiations to create an environment conducive to the growth. The other objective is to encourage the active and conscious participation of industry players in the development of the sub-sector, collectively and beyond badociations. "

In addition, "The Summit will be so engaged and functional that it will put in place a system to monitor and measure subsector growth each year."

According to the organizers, discussions with the Ministry of Commerce and Industry on the 2019 Ghana Industrial Summit began "since last year" and everything is ready for its completion. The event will be held on May 27 in Accra and already has partners such as the Federation of Private Enterprises (PEF), the Ghana Chamber of Commerce and Industry, A District, a Factory and the Company of Ghana International Trade Fairs. growth.

Nana Dr Appiagyei Dankawoso 1, President of the Ghana Chamber of Commerce and Industry, will be among the speakers at the conference and will also be the guest of honor; Dr. Nana Osei Bonsu, Mrs. Gifty Ohene-Konadu, Dr. John Kwakye and others to be confirmed.

The Business Executive Limited, organizer of this event, is also the organizer of the prestigious Ghana Industry CEO Awards, Ghana Trade and Commerce Awards, Business Leaders Awards of Excellence. African Feminine Achievement Awards and publishers of the widely distributed The Business Executive Magazine. across West Africa.

[ad_2]
Source link