Takoradi, Nov. 12, GNA – The Western Regional Minister, Mr Kwabena Okyere Darko-Mensah, has urged business operators to take advantage of the government’s digitalization initiative to transform and grow their businesses.
He said while the challenges of COVID-19 were daunting, it had also opened significant new opportunities through technology as businesses embraced digitisation and the adoption of new business ideas and approaches.
“As we all know, today, the world faces dramatically new and challenging circumstances. The COVID-19 precisely has brought far-reaching social, economic and geopolitical implications on countries and their economies”, he said.
Mr Darko-Mensah was speaking at a Small and Medium-Sized Enterprises (SMEs) Business Clinic organised by the CAL Bank and FOCUS 1 Media aimed at inculcating knowledge in Digital Finance, Taxation, Bookkeeping and benefits of Insurance to SMEs in Ghana.
He said SMEs were important to the Ghanaian economy and contributed to economic growth but were heavily impacted by the COVID-19 pandemic.
Mr Darko-Mensah said proper bookkeeping gave businesses a reliable measure of their performance and create a platform for strategic decision making.
“Understanding taxation primarily is to raise revenue for the services and income that supports the community needs. SMEs buying insurance for their businesses certainly reduces financial uncertainty and make accidental loss manageable,” he said.
Mr Darko-Mensah also urged managers and business owners to empower their employees by making available the needed and the right resources to provide exceptional customer service.
He commended the organisers of the event and described it as very essential for business growth in the Western Region and urged participants to take the opportunity seriously.
GNA