Dominic Arhin, (second left), General Manager of Ghana Veneer Processing Company leading Mike Hammah (Right) on a tour of the the company

State-owned Enterprises (SOEs) and Ghanaian businesses in general have been urged to adopt strategic and proactive management approaches in order to survive in an increasingly competitive and rapidly changing global market.

Mike Hammah, Minister for Lands and Natural Resources, who gave the advice, charged Ghanaian businesses to constantly explore their operating environment to identify and evaluate potential threats and competition, emerging technologies, as well as changes in relevant government policies to enable them to effectively address such threats before they affect the operations of their companies.

The minister maintained that strategic management and the adoption of ?best practices? was particularly critical for the private sector  to increase the absorptive capacity of the Ghanaian economy and secure the cutting edge required to enable the nation consolidate the unprecedented growth rates recorded in recent times.

Mr. Hammah gave the counsel during an interaction with the board and management of the Ghana Veneer Processing Company Limited (GVPC), a state-owned enterprise under the management of the Ministry.

The Minister?s visit gave him the opportunity to learn at first-hand problems confronting the company and brainstorm with stakeholders to evolve possible strategies to boost the company.

While interacting with workers and management of GVPC, the Minister reiterated government?s commitment to take the necessary steps to assist GVPC to acquire the requisite modern equipment and technology to enable the company competitive favourably in both the local and international markets. 

He explained that National Security, which drew his attention to the plight of GVPC, has the mandate not only to secure the nation?s borders but investigate issues that could undermine the development of the nation.

Giving a brief history of the company which was established in 1991, Mr. Dominic Arhin, the General Manager of GVPC, said the company, which specializes in the production of veneer, faced challenges after losing most of its international markets and contracts with local companies.

Management was compelled to send home most of its workforce who were owed salaries for several months.

The Managing Director therefore appealed to the minister to assist the GVPC to speed up the re-tooling process for work to resume at the company.

During his interaction with the staff of the company, Hon Hammah commended them for being resilient and assured them that he would do every thing possible to ensure that their outstanding salaries were paid in the shortest possible time.

He encouraged them to rally solidly behind the management of the company as government explores possible options to revive the company.

The staff thanked the minister for visiting the company and expressed the hope that he would deliver on his pledge to work closely with the management of the company to ensure that the company resumes full operation.

They also petitioned Hon. Hammah to use his good offices to assist GVPC to secure the titles to the lands of the company to repudiate claims by some individuals over the ownership of the site.

 By Emelia Ennin Abbey

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