The Ghanaian Chronicle reports the Deputy Minister of Trade and Industry, Mr Peter Peprah, as stating that fierce competition in the present liberalised environment, coupled with inefficient production methods of medium and small-scale enterprises, are hindering the sector from contributing its full potential to Ghana’s economic development.
According to him, 50 per cent of the enterprises in Ghana are medium and small-scale, serving as a source of wealth and employment generation. Mr Peprah was speaking at a ceremony in Cape Coast, to mark the eighth anniversary of the municipality’s Business Advisory Centre.
The Deputy Minister is reported as saying that the government has created the conducive environment for the development of the industrial sector, putting in place measures to address problems that constrain the private sector and frustrate potential investors. The measures include the granting of tax concessions and other benefits to enterprises located in the rural areas to promote equitable development activities throughout Ghana. GRi../
