Build capacities of local enterprises, Beige CEO urges government

By Kodjo
Adams, GNA

Accra, Aug. 21, GNA – Mr Mike Nyinaku, Chief
Executive Officer of Beige Capital, has called on government to build the
capacity of local enterprises to ensure that value is added to the nation’s
natural resources to compete in the international level.

He said many foreign investors have taken over
the production of the country’s natural resources because local businesses are
handicapped in terms of financial muscle to purchase equipment to add value to
its products.

The CEO of Beige Capital was of the view that
there should be synergy among local companies to enhance their competitiveness,
saying there should be a conscious effort from homes, schools, churches and
mosque to drive all to start thinking big to meet emerging trends of global

Mr Nyinaku made the call at the 6th
series of Chartered Institute of Marketing, Ghana (CIMG) evening encounter in
Accra as part of preparation for its awards night on September 10.

Speaking on the topic: “Projecting Ghana to
the World,” Mr Nyinaku said: “We need to re-orient ourselves from the
foundation of our beginning to influence our thinking ability to envisage
prospects in the future and negate the idea of short-term investment and focus
on long-term development”.

Mr Nyinaku urged local businesses to step up their
efforts and do more to impress on the political authorities the need to develop
and implement meaningful policies that would help the sector.

Government should begin to give opportunities
to local enterprises to provide services that they are good at, he said, for
instance offering an opportunity to Beige Capital to provide banking services
to some state institutions could be an encouraging step.

He said there are lot of opportunities in the
country and that there is the need to galvanize our efforts to think positively
in building a viable economy for national development.

Mr Nyinako urged CIMG to be agent of change to
promote corporate communications and drive the crusade to make the country
‘think above the box’.

Mr Kojo Mattah, President of CIMG, said the
country was endowed with many great opportunities such as being a leader in the
production of cocoa and possessed abundant deposits of gold, diamond and
bauxite but lacked behind in utilizing these resources effectively.

Mr Mattah said it was worrying that the
country’s natural resources including water bodies have been exploited and
desecrated with impunity and all must come on board to re-strategize and chart
the path to national development.

He said while nations like Malaysia, Singapore
that has become self-governing at the same time went on to achieve lasting and
monumental economic development; we have succeeded in reducing these
opportunities to mere slogans.


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