\n
Building con\u00adtractors have been urged to embrace innovation and resilience in order to navigate the challenges of the business envi\u00adronment.<\/p>\n
Mr Prosper Yao Ledi, President of the Association of Building and Civil Engineering Contractors of Ghana (ABCE\u00adCG), emphasised the need for innovative approaches to sustain operations amid ongoing eco\u00adnomic constraints.<\/p>\n
Mr Ledi, who stated this in his New Year\u2019s statement, acknowledged that the econom\u00adic challenges persisting from the previous year were likely to continue.<\/p>\n
He said adopting innovative strategies would be crucial for contractors to weather the uncer\u00adtainties of the New Year.<\/p>\n
Noting that this year was an election year, Mr Ledi anticipated a potential increase in projects.<\/p>\n
about:blank<\/p>\n
The President of ABCE\u00adCG said government\u2019s limited revenue streams might affect the timely awarding of contracts and payments.<\/p>\n
\u201cInnovate or die is a mantra we must all adopt this year and subsequent years,\u201d he stated and assured that the Association would actively support its mem\u00adbers in developing innovative solutions to stay competitive.<\/p>\n
He said the challenges of delayed payments, unfair con\u00adtract awards, and harassment by statutory agencies continued to persist and urged the government to intervene to address those challenges.<\/p>\n
Mr Ledi said delayed pay\u00adment of projects had caused the country to lose a lot of revenue as it led to the increase in the cost of project, adding that complet\u00ading projects on time would relief the government of unnecessary financial burdens.<\/p>\n
He urged the government to recognise construction as a growth pole and stressed the need for fair contract awards and the availability of funds before the commencement of projects to prevent delays in payments.<\/p>\n
Mr Ledi commended building contractors, particularly foreign members of the Association, for their commitment to ethical practices.<\/p>\n
He encouraged other contrac\u00adtors operating in the country to register with ABCECG, empha\u00adsising the Association\u2019s focus on creating platforms for knowledge sharing and technology transfer in 2024.<\/p>\n
\u201cThe goal is to facilitate learn\u00ading from foreign counterparts, sharing best practices, and fos\u00adtering collaboration on projects,\u201d Mr Ledi stated.<\/p>\n
The President of ABCECG decried the situation where some political leaders openly discour\u00adaged foreign contractors from registering with the various asso\u00adciations in the country, describing such conducts as retrogressive and promoting indiscipline.<\/p>\n
Mr Ledi called for a closer working relationship between the building industry and the government.<\/p>\n
\u00a0BY KINGSLEY ASARE<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Building con\u00adtractors have been urged to embrace innovation and resilience in order to navigate the challenges of the business envi\u00adronment. Mr Prosper Yao Ledi, President of the Association of Building and Civil Engineering Contractors of Ghana (ABCE\u00adCG), emphasised the need for innovative approaches to sustain operations amid ongoing eco\u00adnomic constraints. Mr Ledi, who stated this […]<\/p>\n","protected":false},"author":1,"featured_media":139638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-139637","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
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