Private sector holds trump card for solving country’s economic challenges
A Minister of State in charge of Public Private Partnership (PPP), Alhaji Rashid Pelpuo, has stated that the private sector holds the trump card for solving the economic challenges confronting the country.
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“We have grown to see an economy which is not progressing; because we do not have the people but rather because we are not developing the people in the private sector who can move the economy forward,” he said.
Alhaji Pelpuo said this when he launched the 25th anniversary celebrations of the Margins Group, a private security printing company in the country.
Lower-middle income
Mr Pelpuo said the country can only progress if the private sector is given the necessary assistance to produce goods locally and export them to earn the foreign currency needed to stabilise the economy.
He said the private sector had not developed adequately as it should because history had it that the government had always been suspicious of the private sector and, therefore, was only concentrating on building state enterprises.
Alhaji Pelpuo assured private-sector companies of the government’s commitment to ensure that the private sector thrived, saying that “we cannot bypass such an important entity in the country and go looking outside”.
He said the government was aware of the current challenges that the company was going through and urged the management not to relent in its efforts to deal with them.
Creativity and innovations
The Chief Executive Officer of Margins Group, Mr Moses Baiden (Jnr), in his welcome address, said it was time for Ghana and Africa to use the brains of the young and talented people on the continent in the efforts to transform Africa.
Margins, he said, believed in creativity and innovations and pledged that it would use its platform to help in the transformation of the country.
The Executive Director of the group, Mr Frank Oye, called on people to show greater commitment to locally produced goods, saying that it was the only way that such companies would survive.