‘Acquire Technology To Drive Competition’

Some exhibitors at the Expo

Paul Asinor, Event Director of OML Africa, has noted that Small and Medium Enterprises (SMEs) in Ghana need to adapt to the use of modern technologies if they want to adhere to global trends.

He noted that “the massive growth of adoption of these technologies around the world has many business owners wondering how to effectively position their firms to benefit from the trend and the modern Ghanaian SME cannot afford to be left out.

“The drive for mobility is part of the business technology agenda for most companies today.”

Mr. Asinor, who disclosed this at the launch of the 2nd Ghana SME Expo in Accra, added that it was important for conferences and programmes to focus on practical strategies to assist SMEs in Ghana succeed rather than dwelling solely on motivational speaking which seems to be the norm.

“Though motivational speaking at such events are good, it does not balance your accounting books nor increase production nor maximize profits,” he emphasised.

The expo, which was dubbed Business Sense 2012, was an international exhibition and conference designed specifically for businesses and start-ups.

The theme for expo was “Growing Sustainable Enterprises through Finance and Technology.”

The Minister for Trade and Industry, Hannah Tetteh, in her address, called on corporate organizations to re-direct their Corporate Social Responsibility (CSR) activities towards helping to grow small businesses in the country.

She said major companies should develop sub-contracting partnerships with Small and Medium-scale Enterprises (SMEs) to build local supply chains for the products and services they will need.

She indicated that “if bigger businesses were to shift from CSR, which is good, but do not really give people money, and move into sub-contracting partnerships with a focus on how to get smaller Ghanaian businesses to be part of their supply chains, I am quite sure the transformation that they will make for their money spent, will be much significant than the impact they make with their CSR activities.”

By Esther Awuah

 

This entry was posted in Local News. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>