Business News of Saturday, 17 November 2012

Source: Daily Graphic

Two bodies to organise business strategy confab

The Dominion University College Business School is collaborating with the Ghana Investment Promotion Council (GIPC) and some public and private sector stakeholders to organise the maiden Ghana Economic Outlook and Business Strategy Conference later this month. The event, which is aiming at synchronising the business plans and strategies of companies and the business community in general with government policies and targets for the coming year, is scheduled to take place at the Accra International Conference Centre on November, 21.

The Acting President of the Dominion University, Dr Ekow Spio Gabrah, and the Director of Marketing and Public Relations at the GIPC, Mr Edwards Ashong-Lartey, announced this at a joint press briefing in Accra today (Wednesday).

The conference, according to the organisers, is expected to attract the heads of key public sector institutions such as the Volta River Authority (VRA), the Electricity Company of Ghana (ECG), Ghana Civil Aviation Authority (GCAA) and the chief executives of companies in the Ghana Club 100 to outline their plans and business ideas for 2013.

The President, John Dramani Mahama, will be the guest of honour.

“If we want to retain our meddle as the fastest growing economy in the world, then we need to change the way we do business in the country and to do that, businesses need to synchronise their individual plans, targets and operational previews with government policies,” Dr Spio Gabrah said at the press briefing.

The economy grew at 14.4 per cent in 2011, making Ghana the country with the fastest growing economy in the world that year.

While stressing the need to preserve that momentum, the Acting President of the Dominion University said private and public sector players ought to operate in tandem, with the activities and plans of one complimenting and impacting on the other.

“The current situation where businesses make their plans for the coming year without having a fair idea as to how the operations and policies of key public sector institutions will be like must stop.”

“Public sector institutions like the VRA, ECG, the Ghana Ports and Habours Authority and the Bank of Ghana among others need to give the business community a fair idea of how their operations will be like in the coming year; something like how will interest rates and the cedi fair in 2013 are all necessary to enable businesses plan properly. This is what the conference is seeking to achieve,” Dr Spio Gabrah explained.

He said the conference would become an annual initiative to help link government policies and idea with the private sector all in the interest of increasing productivity.

The Africa Business Media, publishers of the Ghana Business and Finance, are the media partners of the programme.