The GH ¢ 80m contract awarded to the three local manufacturers of electrical cables for the supply of electrical cables and conductors for the purpose of Prpgramme Self-Help Electrification (SHEP) is obviously exciting news to all Aboriginal businesses. Reroy Cables Limited, Tropical Cable and Conductor Nexans Kabelmetal should not be the only companies to celebrate this achievement, but all other local manufacturers.
This positive signal means a lot and could become a huge motivation for our local manufacturers. There is no better way to invest in Ghana as a deliberate action to make the initiative of local content a reality. The private sector can never become an engine of growth until the government it supports with well-intentioned as he had done for the three Electric Cable manufacturers.
Of course, for Ghana to become a major exporter of power in the sub-region there is the need to strengthen local capacity to take advantage of opportunities in the energy sector. It is therefore in the interest of the nation to the agenda of local content a reality as happened with this contract GH ¢ 80m. Local businesses are finally and probably most important drivers of revenue and growth in developing countries.
According to the information on the initiative of local content policy is not only facing the oil and gas, but to other sectors of the economy. In Ghana, we have a number of entrepreneurs who have proven and demonstrated that the possibility they could perform satisfactorily. All they needed was a deliberate plan of action from the government to engage them actively.
Obviously foreign expertise and foreign capital can not lead us to our economic emancipation. Only Ghanaian companies and entrepreneurs who can honestly move this country in the right direction that we all aspire.
With this gesture the government, it is now limited Reroy electrical cables, Nexans cable and Kabelmetal tropical and conductor to prove their worth and justify the trust placed in them. What they should be aware is that the fate of other local manufacturers in other areas of business would be largely dependent on them. These three companies must now prove that the ability of our local businesses could meet the standards and objectives.
I hope that the three companies will not disappoint you, but rather serve as a platform to support a greater involvement of other local businesses in other national development initiatives.