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Build businesses to last over 100 yrs - Quarshie

BY: Kwame Asare Boadu
Magnus Lincoln Quarshie
Magnus Lincoln Quarshie

The President of Ghana Consulting Engineers Association (GCEA), Magnus Lincoln Quarshie, has called on Ghanaian entrepreneurs to endeavour to build businesses that can survive over 100 years.

He said while business longevity was synonymous with some parts of the corporate world, it was a matter of concern that most businesses in the country died with the exit of the owners because of lack of succession plan and sustainable culture.

Mr Quarshie made the call at the 2022 Urban Environment Sustainability Conference and Annual General Meeting of the GCEA in Accra last Thursday.

The event was on the theme: “Sustainability: Promoting Circular Economy and Governance”.

Good governance

Mr Quarshie also called on consulting engineers to build businesses that embrace good governance and give future to the employees.

He said there was the need for systems that allowed rotational roles and also allowed young engineers to add their modern ideas to bear on the sustainability of the business.

Product durability

The Chief Executive Officer (CEO) of the Institute of Environmental Assessment, Dr Eric Twum, who was the keynote speaker, said one-third of food produced for human consumption in the country went to waste.

He, therefore, challenged the Ghana Consulting Engineers to design products for durability, reuse, remanufacturing and recycling to keep materials circulating for as long as possible.

GCEA

The GCEA, which was incorporated on February 21, 1973, is charged with promoting and implementing the consulting engineering industries in the country on behalf of its member firms and to disseminate information and resources of interest to its members.