By The Ghana Chamber of Young Entrepreneurs has voiced concern over the ongoing power outages.
Sherif Ghali, the CEO of the chamber, highlighted that numerous small and medium businesses are at risk of downsizing or closure if the situation persists.
He emphasized that the power cuts are significantly impacting the operational costs of private enterprises.
“To be honest with you, these are all the small things that happen and businesses collapse. Imagine a young person who runs a Barbering Shop, a young person who runs a cold store how would they operate?” he quizzed.
For the past two months, Ghana has been contending with sporadic power outages. These disruptions have left numerous small enterprises unable to meet their production targets.
Although the ministry has not yet released a schedule for these intermittent power cuts, the vice-president and several key government officials overseeing the sector have pledged to address the situation promptly.
Mr. Ghali, who addressed Journalists during the inauguration of the YEC Space, a co-working facility established by the chamber, openly expressed his frustration.
“Today we had a launch of the young entrepreneur co-working spaces. If not for fossil fuels and a generator, we wouldn’t be able to do the programme because all of a sudden electricity went off.”
“These things can collapse businesses.” He added.
The co-working space aims to provide aspiring entrepreneurs and startups with cost-effective office and meeting facilities to conduct their business activities. Equipped with reliable internet service and a backup power supply, the space is designed to support the growth of the SME sector by offering mentorship programs and networking opportunities.
