In a speech delivered at the Paa Grant Medals for Business Excellence 2024 ceremony on Sunday, Western Regional Minister Kwabena Okyere Darko Mensah has emphasized the crucial role of trade and industry in driving sustainable development within the region.
The event, designed to honour outstanding businesses and inspire others, highlighted the significant contributions of local enterprises to the region’s economic growth.
The minister reflected on the theme of the event, “Potential of trade and industries for sustainable development”, stressing that industries are the backbone of any economy, providing essential employment opportunities, generating revenue, and fostering innovation.
He acknowledged the challenges posed by climate change, social inequalities, and environmental concerns but expressed optimism about the region’s potential.
“The Western Region possesses tremendous resources, including gold, oil and gas, timber, and bauxite,” he noted.
“When harnessed effectively, these resources can lead to significant industrial development.”
He also highlighted the region’s agricultural potential, citing its rich soil and favourable climate as key factors for large-scale agriculture, which can enhance food security and create lasting jobs.
Tourism, with its scenic beauty, cultural heritage, and eco-tourism opportunities, was also identified as a promising sector for sustainable business growth.
The minister urged local businesses to strengthen their capabilities and professionalism to meet global market demands and to support emerging startups and small companies.
He called for increased collaboration between governments, businesses, civil society, and individuals to create an enabling environment for sustainable trade and industrialization.
He also assured the audience of the government’s commitment to supporting local businesses through various policies, including the new Small and Medium Enterprise Growth and Opportunities Fund, which will now be decentralized to regional administrations.
He encouraged business associations and individual entrepreneurs to engage with regional administrations to benefit from these new opportunities.
He concluded by urging entrepreneurs to strive for excellence and invited potential investors to consider the Western Region, promising the best of resources and opportunities.
The Paa Grant Medals for Business Excellence 2024 served as a platform to celebrate the achievements of local businesses and reinforce the commitment to fostering a thriving and sustainable economic environment in the Western Region.
