FORTY executive members of the Council of Indigenous Business Association (CIBA), a body of operators of small-scale businesses such as bakeries, “chop” and drinking bars, as well as traders of various merchandise, have attended a two-day seminar at Koforidua.
The seminar, which was organised by the Employers Association with sponsorship from the Danish Development Agency (DANIDA), was aimed at equipping the participants with the rudiments of business management for the sustenance of such businesses.
In an address, the Executive Secretary of CIBA, Mr Ralph Ameyaw, said it had become necessary for owners or operators of small-scale businesses to keep abreast of the rudiments in business management to enable them to properly manage such concerns.
According to him, most of CIBA’s members did not have the required skills to properly manage their businesses and therefore the businesses could not survive after limited periods of operation.
“We have to properly school owners of these businesses on business management and how to source for funds from the financial institutions because they constitute the biggest segment of the private sector,” Mr Ameyaw stated.
He said the initiative, which would in the long term alleviate poverty in the region, was in line with Ghana’s Poverty Reduction Strategy, which highlights capacity building for job creation.
According to Mr Ameyaw, the participants would also be educated on pension schemes, adding that the overall programme would be beneficial to the country, since a large segment of the population would not only be able to either manage their businesses, but would also have pension to rely on at old age.
In his welcoming address, the Eastern Regional Chairman of CIBA, Mr Stephen Kwabla, stressed the need for the participants to add value to their services.
That, he said, would enable them to better serve their customers to generate more income for their sustenance.
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