Kwatire: A physically challenged agro-processor has expressed support for the 24-hour economy initiative, appealing for government backing to aid in job creation, poverty alleviation, and sustainable development.
According to Ghana News Agency, Mr. Kofi Vinyo, CEO of Kwatire-based Kofi Vinyo and Company Limited (KVCL), an exclusively organic agro-processing firm, emphasized the immediate need for investment to acquire modern machinery and equipment. He believes that with these resources, the company's farm and factory could generate direct and indirect employment for 1,000 people, allowing operations to run across four shifts under the 24-hour economy model.
Currently, KVCL focuses on processing organic tiger nuts into oil and powder, having secured International Organic Certification for exporting these products to markets in the European Union, the United States, and Canada. 'We have achieved EU organic, National Organic Programme (USA), and Biological Organic (Canada) certifications,' Mr. Vinyo noted. He highlighted that these certifications would enable the company's products to be available in organic shops across these regions.
Mr. Vinyo expressed enthusiasm about the significant investments made in anticipation of the 24-hour economy initiative's implementation. He anticipates that government support will allow the company to contribute effectively to the policy, enhancing community livelihoods.
Discussing the challenges faced by the private sector, Mr. Vinyo pointed out the necessity for tax reductions and incentives for entrepreneurs. He also urged the government to address the depreciation of the Ghana cedi against the dollar. Recognizing the private sector's role as an engine for growth and development, he acknowledged governmental efforts to foster a conducive environment for business.
Mr. Vinyo stressed the importance of discipline, creativity, and innovation in entrepreneurship, encouraging young entrepreneurs to focus on brand building, expense management, and savings.
