Executive Chairman of the Jospong Group of Companies, Dr. Joseph Siaw Agyepong, has stressed the need for the central government to protect local businesses.

He added that local businesses in this country cannot do much if the demand was not there.

“…if the demand is not there, there is nothing you can do,” he insisted.

Dr. Siaw Agyepong made the call on Accra-based Joy FM yesterday.

According to him, it was worrying that foreigners were competing with Ghanaians for the same businesses.

Following this development, the executive chairman of Jospong Group of Companies feared that soon foreigners will take over Ghanaian businesses in this country.

“…soon foreigners will cook and sell waakye, a local delicacy.

To this end, he called for the need for bold measures to be put in place to help boost local businesses.

In his view, things will be better “if we can look at the system and see how best we can customise the system for Ghanaians.”

He also bemoaned the situation where the private sector was bedevilled with loads of bottlenecks which were not helping the sector in anyway.

One of such problems, he said, was the influx of imported commodities into the country.

“The sad thing is that you are doing business as a local businessman and at the same time you have foreigners competing with you for the same business,” he lamented.

This situation, he indicated, was crippling many Ghanaian businesses in this country.

Furthermore, Dr. Siaw Agyepong said: “he creates things in the business of everything that he has done”.

“I brought the tricycle innovation. I started the revenue insurance and when I take a company from Ghana, I want it to go beyond Ghana …that is why Zoomlion is in Angola and Zambia,” he disclosed.