Dr.
Kweku Arthur-Annobil, Strategic Lead and Business Manager (BCB) - Stanbic Bank Ghana
DISCOVER NEW
OPPORTUNITIES AMID ECONOMIC CRISIS – DR. ARTHUR-ANNOBIL
Dr.
Kweku Arthur-Annobil, Strategic Lead and Business Manager, at Stanbic Bank
Ghana, has advised SME owners to manage their resources more efficiently to
survive the current economic situation. He made this statement at the second
edition of the quarterly Graphic Business/Stanbic Bank Breakfast Meeting held
at the Labadi Beach Hotel under the theme, ‘The Current Economic Situation
and You: What to Expect, How to Cope, and How to Thrive’.
Speaking
on the sidelines of the event Dr. Arthur-Annobil advised Ghanaians to look for
opportunities that have emerged as a result of the current economic challenges.
He said,
“In the
face of challenges and uncertainties, it is important that we look beyond the
difficulties surrounding us and discover the opportunities available. If you
look closely at your ecosystem, you will realize that these difficult times may
have birthed a need amongst people that may become an opportunity for you.
Crises drive innovation. Beyond the crises what are some of the problems that
you can identify and solve? By discovering and finding a solution to the said
problem, you will be able to expand your scope and diversify your revenue
stream.”
Dr.
Arthur- Annobil also took the opportunity to advise SMEs and individuals to
manage their resources efficiently to cope with the current economic climate.
“A number
of SMEs have been strongly affected by the current economic crisis. I believe
that in this situation it is important that SMEs review their operations and
structure their activities towards more efficient options to avoid waste. The
current financial climate we find ourselves in does not allow for waste of any
sort. One effect of these times is that there are constraints on almost
everything. From your finances to your taxes and even your revenues there are
constraints everywhere. You need to be as efficient as possible to navigate and
survive this situation. The same applies to individuals as well. Think
carefully about what you want to use your money for and make sure that you only
spend on necessary things.”
Graphic
Business/Stanbic Breakfast Meeting is a platform designed to bring policymakers
and the business community at large together to deliberate on pressing national
issues.
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