Breaking
politics newsJoe Biden just took the oath of office. He was sworn in by Chief Supreme Court J.. 0
extra newsTwitter has suspended President Donald Trump from its platform, the company said.. 14
extra newsFacebook CEO Mark Zuckerberg said in a post that the social media giant was bann.. 23
politics newsThis was after he beat Professor Aaron Mike Quaye, the Speaker of the Seventh Pa.. 19
politics newsNana Akufo-Addo took the Presidential Oath and the Oath of Allegiance administer.. 21
technology newsAn Elasticsearch database with over 380 million records, including login credent.. 42
  • Photo Gallery
  • Contact us
  • Login
  • Covid19 Cases
  • Confirmed
  • Deaths
  • Recovered
  • Recovery(%)
Weather Ghana, °C
392 954 118 1.9k
Show Menu
  • Home
  • News
    • Financial
    • Business
    • Social
    • Extra
    • Politics
    • Health
    • Education
    • Opinion
    • Religion
    • Science
    • Technology
  • Sports
  • Entertainment
    • Music
    • Movie
    • Gossip
  • Institutions
  • Blogs
  • Classifieds
    • Events
    • Auto
    • Real Estate
    • Announcement
  • Lifestyle
    • Gadgets
    • Recipes
  • Ghana
    • eDocuments
  • Jobs
  • Contact us

Ghana is going backwards-Kofi Amoabeng

21 Oct 2011 792 news, business


Chief Executive Officer of the UT Holdings Prince Kofi Amoabeng has deplored what he described as increasing retrogression in the country’s development. This, he said, contradicted sermons by politicians- past and present- about progress and development, especially in macro-economic indices of the country. He was speaking at the end of a two day Annual Strategic Marketing Conference organized by the Chartered Institute of Marketing Ghana (CIMG). The conference themed “entrepreneurial marketing, a tool for repositioning,” is to enlighten entrepreneurs on global and modern trends in the industry. Amoabeng who was speaking on the topic: “The UT’s of the world –Lessons from the world’s great entrepreneurs,” chronicled several scenarios in Ghana which formed the basis for his remarks that “Ghana is going backwards.” He said Ghana in the first Republic had a GDP per capita of $400; over 50 years on, Ghana has a little over $600.00. In 1983, the cedi to a dollar was ¢10.75 cedi, today without re-denomination it is ¢16,000 to a dollar, he narrated. Again, he said Ghana at independence had a population of 7 million, same as Switzerland. Over 50 years on, Ghana is over 24 million and Switzerland is 8 million. As if that is not enough, our major development projects, institutions- Black Star line, Ghana Airways, Job 600 etc, have been allowed to deteriorate. “Have we developed?” he quizzed. Prince Amoabeng blamed the seeming under development to lack of creativity which he said is the result of a “programmed life” by the Ghanaian. When born, you are fed, go to school, grow up, find a job, marry and die. He said society has become slaves to this programme and has people who are appointed to closely monitor everybody and make sure there are no deviations from the programme. The UT boss admonished entrepreneurs and participants to be humble and respectful not only to humans but to time. According to him, a person commits partial murder to another if he or she fails to respect the time for an appointment. He explained the age of a person is an aggregated number of minutes and hours, adding, if you delay a person for an hour, you have taken one hour out of the accumulated number of hours which forms a persons age. Prince Kofi Amoabeng said Ghanaian entrepreneurs must be disciplined and invest in systems and processes. Customer first Speaking on the topic:“Making the right decisions at the right time,” Dr. Pikay Richardson, a visiting professor at the Manchester Business School said entrepreneurs must be wary of the turbulent market they are operating in. In that market, the customer- who wants world class quality service or product but ready to pay pea nuts- determines the success or otherwise of a company and must be treated with respect,” he intimated. He said entrepreneurs must do the right things and be fast and flexible to meet the changing needs of the customer. He said a leader must think out of the box, “dream dreams” and be self confident because “if you can’t say I am, nobody will say you are.” On guidelines to enter into a market, Dr. Richardson said entrepreneurs must enter early, or later when the market is evolving rapidly. He said entrepreneurs must develop a winning strategy and be fast in executing the strategy. On the path to Ghana’s development, the Manchester Business School lecturer said entrepreneurs must be knowledgeable and competent; must have the desire and be resourceful. Member of Parliament for Nkawkaw, Seth Adjei Baah popularly known as “Shaaba” asked entrepreneurs to be focused and not meddle in politics. He was speaking on the topic: “fostering an entrepreneurial culture in Ghana.”




Source: myjoyonline.com



Prev article
Next article

0 Comments

view all comments

Related

business news

Should Africa Consider the Nuclear Energy Route? 359

business news

Parliament passes COVID-19 National Trust Fund bill 41

business news

GN Savings would have been liquid if govt paid its debts Nduom 334

business news

Why the BoG closed down Ideal, Midland, GN, Unicredit, 19 others 331

business news

Fear Grips Local Bank Owners 411

Gadget Reviews

Bevy photo-sharing device 222

Gadget Votes: 1 |5 out of 5
1/7/2016

Samsung's Family Hub Fridge 263

Gadget Votes: 1 |5 out of 5
1/7/2016

oombrella 250

Gadget Votes: 1 |3 out of 5
1/29/2016
View more articles

Tag Cloud

social politics business opinion sports education health technology religion extra science Classifieds Jobs

Photo Gallery

Send Email

Write a Comment


Resident Manager

All Ghana Data, P. O. Box Ah 9182, Ahinsan, Ashanti, Ghana
+233 27 872 7027
i-desk@allghanadata.com

Popular Articles

Idris Elba almost died in Ghana466

27 Nov 2015

Lucky Dube’s Daughter To Rock Ghana1686

16 Nov 2011
View more articles

Popular Categories

  • news
  • institutions
  • entertainment
  • blogs
  • recipes
  • classifieds

Random Selfies Feed

View Gallery
  • Home
  • Privacy
  • Classifieds
  • Lifestyle
  • Jobs
  • Sitemap
  • Contact us

©Copyright 2002-2021 All Ghana Data All Rights Reserved | Powered by SASCMS