The CEO of the Ghana Enterprises Company (GEA), Margaret Ansei, has emphasised the pivotal function of expertise in reworking Ghana’s financial system, urging Micro, Small and Medium Enterprises (MSMEs) to undertake digital instruments to enhance productiveness and minimise operational waste.
Talking on the Kwahu Enterprise Discussion board on Saturday, April 19, 2025, Ms. Ansei famous that the success of the formidable 24-hour financial system coverage relies upon closely on effectivity and innovation, significantly amongst MSMEs, which make up over 90% of companies and make use of round 80% of the nation’s workforce.
“Implementation of a 24-hour financial system with inefficiencies could be a really costly journey,” she warned.
She revealed {that a} current GEA pilot utilizing a Digital Enterprise Efficiency Administration Instrument confirmed operational losses of as much as 17.9% in gross sales and 28% in productiveness amongst collaborating enterprises.
“These losses transcend funds—they stem from deeper inefficiencies akin to efficiency, availability, and high quality,” she mentioned.
“Know-how can straight tackle these gaps.”
Ms. Ansei mentioned the GEA is actively working to make sure inclusivity and actual affect.
“We’re consciously embarking on inclusive service provision to provide hope to everyone,” she mentioned, highlighting the company’s partnership with UNIDO to develop digital instruments that enable MSMEs to trace efficiency in actual time and lower down waste.
She additionally spotlighted the U-SPARK Challenge, describing it as a “game-changer” that equips SMEs with the digital instruments to determine inefficiencies and enhance manufacturing.
In keeping with her, the challenge has already led to a 36% enchancment in effectivity by decreasing high quality losses.
As well as, she touched on broader initiatives underneath the GEA’s RESET AGENDA, which embrace tailor-made funding for girls, youth, and individuals with disabilities, digitisation assist for disabled entrepreneurs, and formalisation of companies by means of the Rural Enterprises Program.
Reaffirming the company’s dedication to President John Mahama’s 24-hour financial system imaginative and prescient, Ms. Ansei mentioned: “GEA stands as an irreplaceable pillar within the sustainable growth and promotion of MSMEs in Ghana.
“We will proceed to roll out modern interventions to construct a thriving and affluent Ghanaian enterprise ecosystem.”
The Kwahu Enterprise Discussion board introduced collectively stakeholders from the non-public sector, monetary establishments, authorities businesses, and growth companions to discover sensible methods for industrial transformation and inclusive financial progress.
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