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Govt will improve revenue collection to cover shortfalls in tax reliefs

The Minister of Finance, Mr Ken Ofori-Atta, has stated that the country will make up for the shortfalls in tax reliefs by ensuring efficiency in revenue collection, especially by the Ghana Revenue Authority (GRA).

The Chief Executive Officer of Reroy Cables, Kate Quartey-Papafio, has said in as much as industry has a role to play in creating more jobs and producing more goods to grow the economy, government must also implement the needed policies that will secure their investments.

“We can produce but look at us; we have the silos; our silos are still sitting there. What plans do we have in terms of storage and making sure that when we produce we can store and then export?” she asked.

“Even with the one-district one-factory, when we are somewhere in Bogoso, and we finish our production, how can we get it down to Accra? What about our railway system, how can we get our products outside the country by exporting them?” she questioned.

“Are we looking at how that after all the hard work we have put in, we can get our products straight to the port without any hindrance?” she asked, saying these are the areas government needs to look at.

Mrs. Quartey-Papafio was speaking at the maiden edition of the National Policy Submit (NPS) ongoing in Accra.

More often than not, she argued, a lot is said about policies whilst little attention is paid to their effective implementation, which is key to protecting the investements of private sector players.

“How can we sustain it and make sure that our investments are secure?”

Mrs. Quartey-Papafio also had an issue with the kind of graduates that are churned out from the various technical schools, saying technical school graduates must focus on the practical aspect of their respective programmes.

“Our economy is such that the people that we have need to be trained in critical areas. So, what policy is government implementing for technical schools so that they will not focus on theories but practical?”

Graduates of technical schools, she insisted, must have technical expertise and should be able to work and produce results and not only be good at rehearsing theories and unable to handle industrial machines.

The government admits technical educational institutions need retooling to enable them train the right calibre of personnel for industry.

Prsident Akufu-Addo, over the weekend, in the Volta Region, reiterated the commitment of his government to prioritise technical education, as it holds the key to the country’s industrial development.

He said all the countries in the world that used to be like Ghana, but are now places of prosperity and development, became so because they paid a great deal of attention and committed a lot of resources to the development of their educational system, especially the development of their technical and scientific education.
– See more at: http://thebftonline.com/business/economy/24488/secure-our-investments-we-will-produce-kate-papafio-to-govt-.html#sthash.NaxHkNEf.dpuf

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Secure our investments, we will produce – Kate Papafio to gov’t

The Chief Executive Officer of Reroy Cables, Kate Quartey-Papafio, has said in as much as industry has a role to play in creating more jobs and producing more goods to grow the economy, government must also implement the needed policies that will secure their investments.

“We can produce but look at us; we have the silos; our silos are still sitting there. What plans do we have in terms of storage and making sure that when we produce we can store and then export?” she asked.

“Even with the one-district one-factory, when we are somewhere in Bogoso, and we finish our production, how can we get it down to Accra? What about our railway system, how can we get our products outside the country by exporting them?” she questioned.

“Are we looking at how that after all the hard work we have put in, we can get our products straight to the port without any hindrance?” she asked, saying these are the areas government needs to look at.

Mrs. Quartey-Papafio was speaking at the maiden edition of the National Policy Submit (NPS) ongoing in Accra.

More often than not, she argued, a lot is said about policies whilst little attention is paid to their effective implementation, which is key to protecting the investements of private sector players.

“How can we sustain it and make sure that our investments are secure?”

Mrs. Quartey-Papafio also had an issue with the kind of graduates that are churned out from the various technical schools, saying technical school graduates must focus on the practical aspect of their respective programmes.

“Our economy is such that the people that we have need to be trained in critical areas. So, what policy is government implementing for technical schools so that they will not focus on theories but practical?”

Graduates of technical schools, she insisted, must have technical expertise and should be able to work and produce results and not only be good at rehearsing theories and unable to handle industrial machines.

The government admits technical educational institutions need retooling to enable them train the right calibre of personnel for industry.

Prsident Akufu-Addo, over the weekend, in the Volta Region, reiterated the commitment of his government to prioritise technical education, as it holds the key to the country’s industrial development.

He said all the countries in the world that used to be like Ghana, but are now places of prosperity and development, became so because they paid a great deal of attention and committed a lot of resources to the development of their educational system, especially the development of their technical and scientific education.
– See more at: http://thebftonline.com/business/economy/24488/secure-our-investments-we-will-produce-kate-papafio-to-govt-.html#sthash.NaxHkNEf.dpuf

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Reroy Cables To Feed Whole Of West Africa Region

It appears this year 2014 has a lot in stock for Ghana?s cable manufacturing giant, Reroy Cables, as the company says it is extending its operations in Africa.

Reroy, which already exports to Togo, Nigeria, Benin and Burkina Faso, says it plans to further entrench its footprints in other African countries as well.

?Reroy is not only looking at Ghana but we want to expand to other sub-regions where we can expand our services to other neighbouring countries,? Chief Executive Officer, Kate Quartey-Papafio, told The General Telegraph newspaper in an exclusive interview.

She said electricity plays a very significant role in ensuring the productivity of a country so Reroy would not relent in its effort at providing quality cables to ensure its effective transmission.

?We have been in the manufacturing system for a long time now providing high quality cables.?Ghana, of course, comes first, but we are looking at providing high quality cables to cater for the entire sub-region because we need power to move; we need electricity to ?move our continent forward.?

She also emphasised the importance of job training, which she said her company would also be focusing on.

?As you already know, Reroy is actually in the manufacturing of cables locally from rods to the actual conductors and the cable itself so this year we are also looking forward to expanding our scope by giving more job training to people around us and in the sub-region as well.?

It would be recalled that during the State of the Nation Address, President Mahama commended certain key personalities including Reroy?s Kate Quartey-Papafio, who, he said, were contributing significantly to the economic development of the nation.

?Ghana belongs to its business leaders, entrepreneurs and enterprising young people who are creating jobs and working to strengthen our economy, innovative people like those seated in this house today: ?Kate Papafio of Reroy Cables, Frank Adu of Cal Bank, Michael Hinaku of Beige Capital, Alhaji Mohammed Agbeve of Agbeve Herbal, Tony Senayah of Horseman Shoes, Magnus Nunoo of Sachet and Bottled Water Producers and many, many more like them,? President Mahama noted.

Recounting her feelings, Mrs Quartey-Papafio said she felt very excited after the President?s comments and reiterated her commitment to even do more for the country.
She said a strong public-private partnership was what is needed to move the country forward.

Source: Frank Owusu-Ofori/thegeneraltelegraph

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Government agencies urged to utilise technology

Accra, June 26, GNA – Mrs Kate Quartey-Papafio, an entrepreneur has call on government agencies to take advantage of technology by utilising its benefits in transacting business across all sector of the economy to save time and cost.

She expressed worry about the delay in agencies migrating from analog businesses to online platforms, saying “the country needs to be more proactive and be abreast of current global synergies for business transactions”.

She said the improvement of electronic-commerce has led to the derivation of various internet based activities, such that companies are able to conduct their business activities at all hours, reaching customers in all parts of the world.

In an interview with the Ghana News Agency, Mrs Quartey-Papafio said online utility bills payment has become the solution for consumers with busy life-styles, since consumers are able to save time, hassle and make their lives much easier.

Mrs Quartey-Papafio, also the Chief Executive Officer of Reroy Cables Limited, a subsidiary of Reroy Group, said although online utility bill payment has become one of the fastest growing trends in the world particularly in the US, the progress of households’ adopting to online utility bill payments is rather slothful.

She said it is about time for the country to ‘walk the talk’ by making effective use of these platforms because it has the benefits of avoiding crowds, queuing, parking problems, and cutting their travelling costs and time.

She said as fast-growing economies become exporters of capital, talent and innovation, the direction of capital flows is being adjusted in a way that is quite different from the traditional routes from developed-to-emerging and developed-to-developed countries.

Mrs Quartey-Papafio was of the view that, the power utility sector has a strong track record of making interconnectivity work within power systems.

She said matching internal culture to a new and changing digital customer is key challenge, and the country is filled with engineers but do not necessarily help to orient towards a customer-centric utility mindset.

She said digital transformation is top of company agenda, since more than 80 per cent of CEOs view digital technologies such as data mining and mobile customer engagement as important for their companies.

“An effective digital strategy can revolutionize all areas of the power utility business since it is the heart of the energy transformation challenge. Digital is affecting not just the way companies face their customers, but also bringing deep changes in the core operational activities of utilities”, she added.

Mrs Quartey-Papafio said most companies see smart phones as essential to improve customer relationships while others view it as an opportunity to offer new services beyond the energy spectrum.

“Technology has come to stay, and it behooves companies to take advantage of the opportunity to maximise its potential in improving the effectiveness of businesses.”

GNA

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Reroy Cables wins Europe Business Award

The Europe Business Assembly (EBA), an international corporation for the evolution and implementation of economic and social development has awarded Reroy Cables the best enterprise award for being a leader of the cable manufacturing industry in Africa.

At an extraordinary ceremony at Bad Ems in Germany the Chief Executive Officer was also honored as the Manager of the Year, 2016 and as the honorable member of the International Club of Leaders with certificate

During the citation, the Europe Business Assembly touted REROY as the best-known name in West Africa Cable Manufacturing Industry.

The Europe Business Assembly also awarded Reroy the Best Enterprise Award for their strong position in the National Market, the company’s status in international assessments, the utilization of modern management technologies, and a successful marketing strategy of Reroy

Reroy Cable is a wholly Ghanaian owned entity with over Twenty years (20 years) of experience in manufacturing and supplying world-class electrical products for the power distribution and industrial sectors in West Africa.

At the colorful event the CEO expressed her profound gratitude to the organizers for honoring her at such prestigious ceremony. She emphasized her commitment to help grow Africa’s manufacturing sector to meet the increasing demand for her products.

She again reiterated the call on improving Africa’s infrastructural deficit to help improve on the living conditions of the population to give them a better and improved livelihood. Mrs. Papafio called on girls to be very committed to areas of specialty and improve on them to make them better and improved persons in life.

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Industrialist advocates 24-hour economy

The Chief Executive Officer of Reroy Cables, Kate Quartey-Papafio, has called on more businesses, especially those in the manufacturing sector, to operate a 24-hour cycle, to help improve productivity.

This, according to her, will help increase the volume of goods and services produced in the country to enable businesses to compete effectively with imported products and services whiles creating more jobs for the huge unemployed population.

“Industries need to operate on a 24-hour shift. With companies operating at full capacity more jobs will be created and the much needed growth we desire will be achieved,” she said in an interview with the B&FT at the closing ceremony of the Ghana International Power, Electrical and Electronics Expo (POWERELEC), in Accra.

Currently, few companies in the manufacturing sector do a 24-hour shift operation and a lot more of them, Mrs. Quartey-Papafio said, are required to join those operating around the clock operations.

The 24-hour economy has long been adopted by a good number of countries across the globe, where all workers do not go home at more or less the same time after an eight- or twelve-hour day.

In a 24-hour economy, the normal eight-hour working day is divided into three eight hour shifts, which means that workers have different times within the twenty-four hours at which they go to work and close from work.

Proponents argue that it helps raise productivity; some even say it has the potential to even out, to some extent, vehicular traffic distribution, thereby decreasing rush-hour traffic jams.

According to London First, a non-profit which wants to make London the best city in the world to do business, London’s night-time economy contributed £17.7bn to £26.3bn in Gross Value Added (GVA) to the UK economy in 2014.

Its economic activity directly supports 723,000 jobs – one in eight in London, and the big employers include not just hotels and restaurants (97,125 jobs) and arts and entertainment (46,592) but a whole range of industries.

These industries range from transport and storage (107,136); health and social work (101,282); admin and support services (62,150); professional, scientific and technical (59,803); wholesale, retail and repair (59,248); and information and communication (54,558).

London First said when indirect impacts are included, the night-time economy is responsible for 1.26 million jobs overall and £40.1bn GVA.

That figure is likely to grow by a further £1.63 billion a year by 2026, and by £2 billion a year by the end of that decade as another 66,000 jobs are added.

In Africa, Kenya has been making strides at running a 24-hour economy, although naysayers have cast doubts over how impactful the move has been since its adoption.

In 2009, that country put together a National 24-hour Economy Steering Committee, which produced a working paper outlining a strategy.

“The main objective of the initiative is to unlock the potential of the Kenyan economy, increase productivity and production, and create employment,” the working paper said.

“As envisaged by the Vision 2030 plan, Kenya is expected to move closer to the status of an advanced economy where a 24-hour market system is more the norm,” it added.

The call for a 24-hour economy in Ghana comes at a time power supply has been erratic, even though there has been a semblance of stability in recent months.

The Association of Ghana Industries (AGI) in its latest business barometer survey found that the availability and cost of power is among the top two challenges facing industries in the country, which makes the proposition of a 24-hour business cycle a distant dream amid less than satisfactory consumer demand for made-in Ghana goods.

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Electrical contractors advised to use quality cables

The head of Production at Reroy Limited, Mr. Samuel Rockson, has advised electrical contractors to use quality electrical cables and appliances for the execution of their works, to avoid fire outbreaks caused by electrical faults.

The use of inferior electrical cables for wiring and other electrical works, he said, had led to fire outbreaks and the loss of property and lives.

Mr. Rockson gave the advice on Wednesday at a seminar organised by Reroy Limited for the Western Regional branch of the Ghana Electrical Contractors Association (GECA).

The event which was on the theme, “ Buy Ghana, build Ghana and creating market for local industries”, was aimed at educating electricians and electrical contractors in the region on best practices in wiring and cable selection, to help reduce electricity -related fire incidents in the country.

More than 150 certified electricians attended the seminar and each of them were awarded with certificates of attendance.

Mr. Rockson advised Ghanaians to rely on local manufacturers for quality electrical cables instead of patronising imported substandard electrical cables, which could lead to fire outbreaks.

He asked individuals, who owned buildings to request for the service of certified electricians only for the wiring of their buildings.

He said the company, had received certification from the International Standards Organisation (ISO) and the Ghana Standards Authority and won the Chartered Institute of Marketing Ghana (CIMG) award for the best manufacturing company of the year in 2014.

The Public Relations Officer of Reroy Group, Mr. Anthony Mensah, stated that, the company was strategically positioned to deliver local content for the cable industry.

The company he said, remained focused on giving priority to Ghanaian cable manufacturers to enable them compete with their foreign counterpart.

He mentioned that, his outfit, would continue to sensitise electricians across the country occasionally, on the correct ways of wiring in order to ensure the safety of lives and properties.

“Electrical cables are high risk goods that is why we keep advising you to desist from patronising substandard ones. The price may seem cheaper to you but the risk involved in using inferior cables to wire premises is life threatening so let us all say no to inferior cables. The fight against substandard electrical cables and accessories should be a collective responsibility”, he advised.

Mr. Mensah reiterated that, electricians should take the advice given them seriously to prevent bad wiring, adding that, property owners should demand proper certification before allowing electricians to work on their properties.

From Raissa Sambou, Takoradi

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Industries Demands Full Electrical Power

Government has been advised to dedicate the electrical power produced from the two thermal plants in Tema for the industries.

The plants are the Social Security National Insurance Trust 126 Megawatts (MW) Tema CENIT Thermal Power Plant and the 126MW Tema Thermal 1 Power Plant in Tema for the Industries.

Mrs Kate Papafio-Quartey, Chairperson for the Electricals and Electronic and Energy Sector of the Association of Ghana Industries (AGI), said the dedication of the two plants will assure industry of available and reliable electricity supply and solve the energy crisis facing Industries in the country

Speaking at a programme dubbed: “Restoring Electricity Supply for Industrial Production”, Mrs Papafio-Quartey said the proposed partnership with government and SSNIT would demonstrate the willingness of government to find a lasting solution to the electricity crisis facing Industries.

She said AGI shall deploy its commercial, financial and technical expertise to increase the efficiency of the two power plants by supporting their expansion into a combined cycle unit and also increase the electricity produced.

Mrs Papafio-Quartey said the Special Load Tariff (SLT) customers, under the auspices of AGI, should form a partnership to cooperate with ECG to receive electrical energy from the two plants.

She said the Tema Industrial area would reserve firm capacity from the dedicated plants to enable Industries to plan their long term production and create more jobs for export and domestic market.

“AGI shall support the upgrading and reinforcement of the interconnections for SLT customers to improve system reliability and integrity”, she added.

She said the load shedding has impacted negatively on industries resulting in low capacity, redundancy of workers, low morale, and inability to contribute full payments to Social Security and National Insurance Trust as well as loss of investor confidence in the country.

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Reroy Cables To Feed Whole Of West Africa Region

It appears this year 2014 has a lot in stock for Ghana?s cable manufacturing giant, Reroy Cables, as the company says it is extending its operations in Africa.

Reroy, which already exports to Togo, Nigeria, Benin and Burkina Faso, says it plans to further entrench its footprints in other African countries as well.

?Reroy is not only looking at Ghana but we want to expand to other sub-regions where we can expand our services to other neighbouring countries,? Chief Executive Officer, Kate Quartey-Papafio, told The General Telegraph newspaper in an exclusive interview.

She said electricity plays a very significant role in ensuring the productivity of a country so Reroy would not relent in its effort at providing quality cables to ensure its effective transmission.

?We have been in the manufacturing system for a long time now providing high quality cables.?Ghana, of course, comes first, but we are looking at providing high quality cables to cater for the entire sub-region because we need power to move; we need electricity to ?move our continent forward.?

She also emphasised the importance of job training, which she said her company would also be focusing on.

?As you already know, Reroy is actually in the manufacturing of cables locally from rods to the actual conductors and the cable itself so this year we are also looking forward to expanding our scope by giving more job training to people around us and in the sub-region as well.?

It would be recalled that during the State of the Nation Address, President Mahama commended certain key personalities including Reroy?s Kate Quartey-Papafio, who, he said, were contributing significantly to the economic development of the nation.

?Ghana belongs to its business leaders, entrepreneurs and enterprising young people who are creating jobs and working to strengthen our economy, innovative people like those seated in this house today: ?Kate Papafio of Reroy Cables, Frank Adu of Cal Bank, Michael Hinaku of Beige Capital, Alhaji Mohammed Agbeve of Agbeve Herbal, Tony Senayah of Horseman Shoes, Magnus Nunoo of Sachet and Bottled Water Producers and many, many more like them,? President Mahama noted.

Recounting her feelings, Mrs Quartey-Papafio said she felt very excited after the President?s comments and reiterated her commitment to even do more for the country.
She said a strong public-private partnership was what is needed to move the country forward.

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Group pushes for energy sector manufacturers association

A Group of Energy sector operators, has outlined plans to establish an Energy Sector Manufacturers Association that would bring together stakeholders in the industry, to discuss proactive ways to enhance the performance of the sector.

The Association would enable industry stakeholders share ideas on the sector, take advantage of the new technology, as well as strategize on ways to minimize the consumption of energy.

The platform would discuss proactive measures in improving the energy sector for optimum performance, that is, whether to use solar pumps, instead of motor pumps, as a way of adding to technological innovation.

Mrs Kate Quartey-Papafio, Chief Executive Officer of Reroy Cables Limited, a subsidiary of Reroy Group, in an interview with the Ghana News Agency in Accra, said the idea is to ensure whatever people are producing within the energy sector is made known in case there is any support to be offered, in order to be abreast with latest development.

She said previously the country was using 14 amperes socket which is consuming, but coming together would help discuss whether there is any new ways of using five amperes of socket, to cut cost and ensure efficiency in power consumption.

Mrs Quartey-Papafio said the country was gifted with natural resources and that it was time stakeholders in the energy sector collaborated to fine-tune how best to refine these raw materials for effective utilization to mitigate the power crisis.

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