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Wednesday, January 19, 2022

E/R SMEs go through tougher times

Array

Logistical constraints and the lack of finance and are hampering growth
of small-scale businesses and industries in Eastern Region.

Small
business enterprises such as dressmaking and tailoring, carpentry, gari
processing, soap manufacturing, body creams and beverage production are
facing financial constraints.

This was the observation when
members of Eastern Region branch of Ghana Journalists Association (GJA)
attending a workshop went on a study tour of selected industries and
small businesses in the Region.

The workshop is under the ‘Using the media to strengthen business advocacy’ project being sponsored by management of BUSAC Fund.

Most
of the industries visited mentioned lack of access to loan facilities,
infrastructure and logistical constraints as some of the challenges
facing the growth of their business.

Mrs Gladys Ansah,
Eastern Regional Secretary of Ghana National Tailors and Dressmakers
Association (GNTDA), said due to financial constraints most members had
closed down their businesses while others even though operating were
not progressing.

She noted that most of the apprentices had
to hire sewing machines on monthly basis while others found it
difficult to make a living from their vocation because they could not
meet the huge demands of landlords.

Mrs Ansah who had
been operating since 1983, suggested that a special fund in the form of
cooperative loans should be set aside to cushion businesses in the
informal sector to enable them pay realistic taxes.

Mr
Bernard Antie, member of Wood Workers Association, said they had to
travel long distances before they could buy wood for their operations
making it expensive for them to operate and appealed for the
establishment of a wood village to enable them access raw materials to
facilitate their operations.

Mr Kwasi Afriyie-Badu, Chief
Executive Officer of KAB Governance Consult, the project consultants
said the tour was to enable journalists know at first hand from
entrepreneurs their challenges to help in the process of propelling the
media to effectively articulate those concerns.

He said
it was only when private businesses thrived that the economy would
improve hence the institution of the GJA/BUSAC business advocacy
project.

Mr Afriyie-Badu assured entrepreneurs that their
concerns would be highlighted through the project and advised them to
be transparent and keep proper records of their businesses.

Source: GNA

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