Ghanaian producing and export firms are urgent on the federal government to establish a dedicated guidance mechanism to revive their operations.
Speaking at the JoyBusiness Industrialization Roundtable in Accra on Tuesday, the Chief Govt Officer of Blue Skies West Africa, Ruth Adjei believes that the difficulties going through important industries in the nation are not a localized just one hence should be dealt with with a world image in mind.
She reported, “The obstacle is just not Ghana, I suggest a world-wide issue which has created it really hard to just prepare in Ghana and thinks every thing is fine since Ghana is out of a lockdown. The influence from other nations around the world can make it much more severe so we have to have critical support that is beyond tax cuts and vacations.”
The Deputy Managing Director of Kasapreko, Michael Effah also agreed with Madam Ruth Adjei and explained: “… we require assistance in so quite a few types including, tax reliefs, curiosity prices reduction but I also imagine that there must be a deliberate system or method to assure that businesses continue to be afloat.
“We require to make big and huge companies in this nation to drive the financial agenda and give employment for the men and women,”
In the meantime, Tax specialist William Dementia also urged the govt to think about a focused company bailout for industries and SMEs in the region to maintain their operations outside of covid- 19.
In accordance to him, the GH¢1billion for companies even though it is a fantastic initiative, organizations will need more than just cash for their revival.
“My imagining is that the stimulus offer need to be focused, thus we ought to, 1st of all, make an evaluation of the various industries in Ghana and how covid- 19 is impacting on them.
“If we can figure out how covid- 19 is impacting on them, then we will know how the offer will be utilized.”
He included, “Some will need aid from spending taxes or desire on loans, many others also will have to have governing administration guarantees on other obligations which they have to deal with and some also require real funds injection for the reason that if you really don’t give them that, they will not endure. This doesn’t make the difficulties a one suit for all situation and the motive why a qualified analysis is pretty significant to this initiative,” he famous.
The Discussion board by JoyBusiness is aimed at offering a frequent platform for industries to deliberate on the country’s sufficiency in the midst of the pandemic.