Business News of Saturday, 16 December 2017
Nii Kotei Dzani, the President of Groupe Ideal, has urged the youth to take advantage of government’s policy initiatives aimed at stimulating the economy to build their own businesses.
Speaking at Groupe Ideal’s festival of Nine Lessons and Carols in Accra, Nii Kotei Dzani said the country’s economy held high prospects and this must encourage young entrepreneurs to create jobs and employment.
He said the economy was on the path to recovery as the prudent measures being implemented by government was beginning to take effect.
On the performance of the company, Nii Kotei Dzani said despite the economic difficulties of 2017, Groupe Ideal was able to increase its assets from 1 billion cedis to 1.5 billion cedis.
He said the feat was achieved on the back of opportunities the company was able to exploit despite the challenging environment.
The Ideal Group President said the company would use 2018 to consolidate growth and expand the brand into the other regions of the country, adding that there would be no acquisitions in the year.
He announced plans for some of the Group members to expand to Ashanti, Western Region, and Brong Ahafo, adding that Ideal Trade would take over the market next year.
Nii Kotei Dzani also charged local investors to take advantage of the booming oil and gas sector to accelerate Ghana’s development.
He also announced a salary increase of between 25 to 35 percent for staff in 2018 and urged staff to take advantage of the company’s loan facility as well as the mortgage and vehicle loans. GNA