The Technical Director of Monty Prestige Engineering and Consultancy Limited (MPEC), Anthony Herbert Montford, along with several business leaders, has called on the government to enhance support for startups and local enterprises.
He argues that targeted support for startups is a key strategy to tackle unemployment and drive inclusive economic growth.
“If we want to see long-term, sustainable economic growth, we must prioritise the entrepreneurial ecosystem,” he said.
“Our company was founded in 2016, and the journey hasn’t been easy. For both local and international mining firms to now trust us with their equipment is not just a win for MPEC, it shows how local businesses can thrive with the right support,” he pointed out.
He made the appeal during the 2025 edition of the Ghana Outstanding Business Achievement Awards (GOBAA) forum, held in Accra.
Several award recipients echoed similar sentiments, emphasising the urgent need for stronger collaboration between government agencies and the private sector to make existing support programmes more transparent, accessible, and impactful.
Head of Finance at Zipline, Samuel Nsiah Ansong, also weighed in on the topic, noting that improved partnerships could create more jobs for the youth.
“With enhanced collaboration between the public and private sectors, we can create more job opportunities in security and logistics, particularly for the youth,” he said after Zipline was named Best Security Service Company.
Country Manager of Cosmo Cosmetics Ghana, Comfort T. Nomo, also highlighted how the macroeconomic environment has presented new business opportunities.
“The recent depreciation of the dollar has actually helped create more revenue and jobs in the importation sector,” she said.
“Cosmo Cosmetics is here to stay, and we have plans underway to expand our brand reach across the region.”
According to recent data from the Ghana Enterprises Agency (GEA), Small and Medium-sized Enterprises (SMEs) contribute more than 70% to the country’s GDP and provide nearly 80% of private-sector employment.
However, many SMEs continue to face persistent challenges, including limited access to financing, inadequate regulatory support, and a lack of technical expertise.
SSD/MA
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