Smart businesses are not laying off workers – Mahama

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Created on Friday, 01 May 2015 00:00

Smart businesses are not laying off workers – Mahama

01 May 2015

President John Mahama has stated that the economy is in good shape despite the power crisis facing the country.

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Speaking at the 2015 National May Day parade held at the Independence Square in Accra, President Mahama said the economy was still creating jobs.

Amid reports that some companies had laid off workers due to the power crisis, the President said smart businesses were not laying off workers, but were rather investing to improve their production capacities.

This, he said, was because those companies had faith in the ability of the government to end the power crisis and improve the country’s electricity generation capacity.

He made reference to Accra Brewery Limited (ABL), which recently procured a new production plant worth $100 million to double the company’s production capacity.

The President acknowledged, however, that the power crisis was adversely affecting businesses in the country.

He said small businesses, especially, need adequate and reliable power to thrive and grow.

To this end, President Mahama reiterated his pledge to end the crisis as soon as possible.

“We are working to strategically and permanently fix the generation shortfalls that we are currently experiencing,” he stated.

He said Ghana would not manage itself out of the crisis, but would find a lasting solution to it.

“Our power supply challenges are temporary and we will soon consider them to be a bad nightmare from which we have awoken,” he stressed.

Source: Graphic Online