[ 2015-05-03 ]

Smart businesses aren’t laying off workers – Mahama
The power crisis which has compelled some
companies to shut down operations partially or
wholly is a temporary challenge, according to
President John Mahama.

He says this fact is not lost on smart businesses
whom he said are not laying off workers, but "are
rather investing more resources to expand their
production in Ghana."

President Mahama said this in his address at the
May Day celebrations at the Independence Square in
Accra, Friday.

The Secretary-General of the Trades Union Congress
(TUC), Mr. Kofi Asamoah had said workers were
losing hope in the ability of government to fix
the current power crisis.

Mr Asamoah said the incessant power cuts over the
past years have seriously affected the incomes of
workers.

“What begun as a power crisis is now becoming an
economic crisis,” he claimed.

The TUC Secretary-General said he was particularly
concerned because some workers had lost their jobs
because their employers cut back on operations due
to the high cost of production brought about by
reliance gen sets for power.

But the president said, "Our power supply
challenges are temporary and we would soon
consider them to be a bad nightmare from which we
have awoken."

He said over “last several weeks, in line with
my government’s agenda for transformation and my
focus of converting our economy into an
export-driven one, I have inaugurated the
expansion of a number of manufacturing plants and
the commissioning of new ones.”

He cited Accra Breweries and Ghacem as some of the
companies that have invested heavily to expand
their production capacities in Ghana despite power
challenges.

Source - MyjoyOnline

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