Business News of Tuesday, 16 June 2020

Source: GNA

Framework needed to establish cable hub of excellence - CEO

Mrs. Kate Quartey-Papafio, Chief Executive Officer of Reroy Cables Limited Mrs. Kate Quartey-Papafio, Chief Executive Officer of Reroy Cables Limited

Mrs Kate Quartey-Papafio, the Chief Executive Officer, Reroy Cables has called for a framework to enable the electrical industry have a hub of excellence for cable manufacturing in the country.

The hub according to her would serve the entire West African market and as well take commanding height in the African economies.

Mrs Quartey- Papafio, also called on government to pay more attention to local policies that would help grow the industries for them to become globally competitive.

She said this at the inauguration of the company's state-of-the-art plant in Tema to help improve its production capacity to meet the growing market demands.

She said members in the Electrical and Electronic Sector of the Association of Ghana Industry were currently working extensively to help consolidate the gains they had achieved before and post COVID-19.

The Chief Executive Officer said more areas in the country needed to be connected to the National Grid to enable them take maximum advantage of the new digital migration that needed more stable power to run businesses activities effectively.

She disclosed that organisations like the Ghana Energy Sector Manufacturers Association had expressed willingness to collaborate with government through its agencies in the sector to help them procure more locally produced cables to serve the remote communities.

Mrs Quartey- Papafio stated that with global digitization movement, there was the need for a maximum support from the state with the right policies to help the Electrical and Electronic Sector migrate smoothly unto the technology space.

This, she explained would help them promote the buy Ghana build Ghana industries agenda, through the creation or more market for the local industries.

Mrs Quartey- Papafio, who is the first Female Cable Manufacturer in the ECOWAS sub-region, urged women to venture into the business of power, since there were few in the sector to advance the frontier of holistic development.

Ghana Standard Authority certified the company as the locally manufactured cable industry.

The Chartered Institute of Marketing, Ghana in 2014 awarded Reroy Cables as the best manufacturing company in Electricals and Electronics sub-sector of the economy.