Nii Moi Thompson says government must put SMEs at heart of 24-Hour Economy
Chairman of the National Development Planning Committee, Dr Nii Moi Thompson, has urged the government to place small and medium-sized enterprises (SMEs) at the centre of the 24-hour economy to accelerate job creation.
Dr Nii Moi Thompson, Chairman of the National Development Planning Committee, has called on the government to prioritize small and medium-sized enterprises (SMEs) in its 24-hour economy initiative. While the government has been working to attract investments in large businesses, Dr Thompson believes that more attention needs to be given to SMEs to ensure the program's success across the economy.
He stated that in the next two years, there will be a greater focus on SMEs to cover the entire spectrum, rather than relying solely on large businesses. Dr Thompson explained that large businesses require time for their investments to have a significant impact, but the government should also strengthen support for existing businesses.
He emphasized that existing businesses are crucial for job creation. According to him, the 24-hour economy was initially part of the 48 Development Plan, and several other initiatives, such as the Ministry of Sports and Recreation and the proposed Ghana Agency for Development Cooperation, also stemmed from it.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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