The growth in the private sector has been very gradual. We have grown from a nation full of publicly owned institutions to a country with a respectable private sector base. If we empower the private sector more, we will address unemployment effectively. The industry will only have a more significant impact if policies are put in place to make doing business much easier. If we make doing business easy, more and more people can get started on entrepreneurship, and the private sector will grow exponentially.
We are a company that got started with a problem-solving mentality and ambition. We got started at a time when our country was suffering huge energy deficits. Our product line addresses the country’s energy needs. We not only have solar energy generating capacities but also energy storage capabilities. Going into the future, we want to move away from importing gadgets from China and get into assembling them locally
The private sector must be confident in its ability to deliver. Our confidence and desire to deliver will let the government know that we are ready to start taking on major impactful projects. We have a situation in Ghana where most private sector companies are wholly dependent on their founders. In the event the founder dies, the company goes down with him or her. A lack of succession plans is really hurting the Ghanaian private sector because we end up losing a lot of promising multigenerational businesses.
The government also has to have the initiative and foresight that’s required to help build a strong local industrial base. The government can only do this by giving local businesses a chance to try and fail until they get it right. We have to create room for local entrepreneurs to gain experience; otherwise, we won’t build a robust local economy. It’s not only about awarding tenders but also building expertise and confidence through training and funding.
We are into the importation of electrical accessories. We also install the transformers that we source from overseas and cater to various projects that need them. Going forward we are working hard to ensure that we have a manufacturing facility that produces the electrical materials we import from China. The materials we are importing at the moment can be assembled here and we would make lots of savings long term.
Creating partnerships with foreign entities that have the technical expertise would suit us well. The government has a good track record when it comes to promoting manufacturing firms and funneling Ghanaians towards the products of a particular manufacturer. We, therefore, believe starting a manufacturing plant will be beneficial for us, because there is a high chance of government backing.
"We, the industrialists of Africa must rise to the occasion and take advantage of opportunities that help us solve the challenges of our people. Most of us industrialists are aware that posterity will judge us harshly if we don’t do all it takes to make this continent a better place.
We know that we owe future generations a better continent, and we are working every day to make that happen."