The Member of Parliament for Anyaa Sowutuom in the Greater Accra Region, Dr. Dickson Adomako Kissi, has asserted that Ghana’s economy remains resilient and attractive to global investors.
Despite current economic challenges, he highlighted that the government has established a strong foundation for investors to profit, especially in the manufacturing sector, through the One District-One Factory (1D1F) initiative.
Dr. Adomako Kissi, a member of Parliament’s Accounts Committee, made these remarks in an interview with the Ghana News Agency over the weekend in Accra, during a ceremony honoring Small and Medium-sized Enterprises (SMEs).
“There’s never a bad time for a good investment in Ghana; in as much as we think that things are difficult, serious-minded people are doing hardcore business and we need to emulate that,” he said.
Highlighting the importance of investing in the SME sector, he explained that small businesses are inherently capable of organic growth, making them ideal partners for business ventures.
“I, therefore, encourage investors to support their growth, as we turn the economy, with our focus on shifting more on SMEs and provide them with resources, not just money, sometimes, proper record keeping and accounting,” he said.
Referencing the case of Zoom during the COVID-19 pandemic, Dr Adomako Kissi, said, “All is not lost to invest in our country. There’s hope because the government has laid a solid foundation for investors to recoup their investments.”
Encouraging local SMEs to continue to work to keep their companies for a better future, he said, “Ghanaians are resilient; we thrive where it’s impossible. Even in bad times, good companies still flourish and new ones also pop up.”
He emphasized that SMEs are the backbone of any economy, including Ghana. As these businesses grow, they contribute to economic growth by paying taxes, which in turn supports the government and the nation’s development.
Underscoring the contribution of small businesses, Dr Adomako Kissi, said, “If SMEs employ about 50 people, it relieves the government of employment numbers, and as they grow bigger, they employ more.”
He urged the award recipients to use the recognition to further support the government’s economic recovery efforts and create more employment opportunities for the youth.
Speaking to the Ghana News Agency, Mr. Kofi Damquah Bingabin, Director of Zeigler Ama Ghana Ltd, a jewellery manufacturing company and recipient of the Investment Promotion category, stated that the award would serve as a motivation for them.
“This award will give us a boost, and people will recognise the work that we do – buying, selling, repairing, and customising of jewellery, including watches, necklaces, and rings,” Mr Bingabin, said.