Archive for September, 2009

08
Sep
09

We don’t want money, we need Skills!

The views expressed on this blog are my own and do not necessarily reflect the views of Oracle.

“We don’t want money, we need skills” was a comment of some of the attendees during the Ghana Competitiveness Forum that was held in Accra in August 2009.

Following the visit of President Barack Obama to Ghana the Business Council on International Understanding organized the forum. A delegation of Members of the House of Representatives of the United States and participants from the public and private sector met over a round table discussion to seek solutions to make Ghana more competitive and attractive to foreign investors.

Not only has Ghana transitioned peacefully to a new government after its recent elections but today you will find that the private sector is taking a leading position as well to drive the economy forward. A new generation of business men and women are now limited by available skills more than by venture capital or other financial impediments.

With the discovery of oil in Ghana an entire new set of skills are required and some international companies operating in Ghana have already started to train people to get ready to embark on deep sea oil exploration.

If you drive around Accra you will also see a lot of activity in the construction sector. New hotels and office buildings are under construction and houses in the residential areas are being built to accommodate the increased demand.

Tema, one of the ports of Ghana receives cargo that finds its final destination in some of its neighboring and land locked countries such as Burkina Faso for instance.

Most of this economic activity also requires information. Here lies in itself another great opportunity for improvements on productivity and efficiencies to become more competitive using today’s information technology.
Border formalities for the most part rely on paper based systems and delay a swift passage. Trucks lose a lot of time during this process. This is just an example of course to illustrate the vast amount of opportunity that exists and at the same time the challenge we face to get enough skilled labor to fulfill the demand.

Golden times for training institutes, vocational education centers, universities and business schools.
Golden times for the Diaspora as well who would like to return to their country and exploit the opportunities benefiting from the acquired international experience.

Training however is only part of what a country like Ghana needs. Some of those who are driving business in Ghana are either locally trained staff or staff trained overseas but in both cases these business leaders have enjoyed international exposure that has provided them experience to deal with complex business situations. These leaders can run businesses up to international standards. They have the capacity to compete internationally. If companies are certified to international standards they will find it easier to export their products and services. Skills and standards are key to achieving sustainable growth in today’s global business.

One of the requests to the members of the House of Representatives was to support an exchange program that will allow for talented Ghanaians to work for a period of time on overseas projects and to receive skilled labor from the US in this case, to work and transfer skills in Ghana so that both business leaders and companies become more competitive.

Of course there are areas where foreign direct investment and loans are still required to assist the development efforts that Ghana is undertaking and where the public interest is better served by a public sector owned solution rather than a private sector one.

When the business community starts asking for skills rather than for money as a first priority it means that its leaders clearly see the opportunity. The opportunity has probably been there for a long time, but today the country is enjoying the fact that democracy and private initiative have both evolved and met each other ready to execute.

Things are changing in Ghana and in Africa and for the better.

© Desi Lopez Fafié

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