The Chairman of First Sky Group, Mr Eric Seddy Kutortse, is rallying private sector support for the government’s district industrialisation programme (DIP), dubbed ‘one district, one factory’ (1DIF).
He said the support is needed to help make the programem a success while ensuring that the private sector become the full beneficiaries.
He told the GRAPHIC BUSINESS in an interview that support could come in the form of partnership, ideas sharing and the creation of enabling environment for businesses to invest in the programme.
If properly done, Mr Kutortse said it will help expand the manufacturing base of the economy, create more jobs and increase income for business owners.
Mr Kutortse also called on Ghanaians to develop the taste for locally produced goods to enable the 1D1F initiative to succeed.
He mentioned the steady delcine in interest rates and recent reduction in energy tariffs as some of the good initiatives that would propel growth in the private sector.
He also expressed the hope that with the right leadership and policies, the economy would stabilise and become resilient enough to attract both foreign and local investments.
He, thus, urged captains of industry to embrace government’s industrialisation drive by capitalising on the enormous opportunities it entailed to expand their operations, create more jobs and expand the economy.
Mr Kutortse said now that the government had controlled spending, resulting in a healthy fiscal deficit, reduced inflation and improved the general macroeconomic environment, there was the need for local entrepreneurs to meet the high demand for goods and services.
He bemoaned the situation where such opportunities had been taken over by foreign businesses to the detriment of indigenous ones and further called on local businesses to be proactive in their dealings.
He was confident that the government’s economic policies would lead to the creation of avenues for jobs, reduce the cost of living and reduce the importation of goods. — GB