The Minister for Public Enterprises, Joseph Cudjoe, has endorsed public entities in the country to trade amongst themselves for monetary sustainability.

According to the Minister, shopping for from and promoting to every other are initial steps to guaranteeing monetary sustainability, growth and jobs for the individuals in the general public enterprises sector. 

Mr. Cudjoe, made these statements when he visited the Ghana Shippers’ Authority (GSA) on twenty sixth August 2022, as a part of his working visits to state enterprises to familiarize himself with their operations and work together with the managers on their challenges.

The Minister was fascinated to study from the Management of GSA that it’s a part of their insurance policies to purchase from other state entities reminiscent of buying their water from GIHOC Distilleries.

Mr. Joseph Cudjoe, said that public enterprises ought to strive as a lot as potential to purchase made in Ghana items because it impacts the country positively.

“It is imperative to buy products that are made in Ghana because while it creates wealth for citizens and the country at large, it helps stabilize the cedi”, the Minister explained.

He noticed that countries reminiscent of South Korea and Israel deliberately ask their state entities to purchase from every other and likewise from the private sector in their respective countries to generate and maintain wealth.

 “We used to have our own brand of radio called Akasanoma and a car brand we manufactured here in Ghana called Boafo, at the same time South Korea had its LG and KIA brands. We started around the same time and they have theirs still functioning and creating wealth for their country but we watched ours collapse”, he noticed.

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