Economist and Professor of Finance of the University of Ghana Business School (UGBS), Godfred A. Bokpin is unhappy businesses in the country cannot live beyond the owners that set them up after their demise.
He also cannot fathom why there is no Ghanaian indigenously owned business over 80 years and functioning successfully.
Speaking in Kumasi at an ongoing “2nd access bank graphic business SME fair and clinic in Kumasi, Prof. Bokpin wondered how the business community in the country has not looked at the issuers of business longevity seriously to avert these challenges.
“Ghana has a huge base of start-ups, but they don’t survive because we don’t have businesses that have lived for generations. A situation not so in other countries, especially in Asia and elsewhere.”
“We should be able to do this; we just lack the right discipline, attitude and desire. Our society is making these a challenge but we should be able to do this and make a difference for businesses to survive for years; Toyota, Samsung and others have done it we should be able to do it too”, he urged
He also called for attitudinal change and challenged the business to correct the wrongs.
“Attitudes need to change; business paradigms need to shift for Ghana to realize its potential within the business climate”, he urged.