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We are aligned with the Ministry of Tourism Arts and culture and the Marine drive project- FH-PDE

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Running a small business is demanding. Each day presents challenges that can affect your cash flow, your customers, and your ability to grow. Amid these demands, it is easy to lose sight of long-term financial priorities. However, businesses that last are not only those with good products or strong customer service. They are often the ones with better financial habits. This article outlines seven essential points that will help SMEs manage their finances more effectively, reduce risk, and plan for growth. 1. Start with a Clear Financial Plan A good financial plan gives direction to your business. It helps you set targets, allocate resources, and make informed decisions. Start by defining your financial goals. These should be SMART - specific, measurable, actionable, realistic, and tied to timelines. For example, you should determine how much revenue you need each month, what level of production or service delivery is required to meet that target, and how you intend to achieve it. 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Many small businesses struggle in this area due to time constraints, limited expertise, or a lack of systems. However, proper record-keeping should never be overlooked. It supports internal decision-making, strengthens external credibility, and improves your ability to respond to opportunities or risks. Business owners can start by gaining basic knowledge of accounting principles and tools. Training employees in simple record-keeping practices also helps to build internal capacity. In some cases, it may be worthwhile to engage professionals who can help you put the right systems in place and prepare essential reports at a cost that makes sense for your business. 3. Choose a Banking Partner Aligned with Your Goals The right banking relationship can make a real difference to your business. A bank like Absa Bank is more than a place to keep your funds. It is a partner that can support your operations, guide your financial planning, and help you take advantage of growth opportunities. Begin by understanding your business needs. These might include working capital support, payments and collections services, or trade finance. Once your needs are clear, assess whether your bank offers the right mix of services, accessibility, and expertise. Your banking partner should make it easier to run your business, not harder. They should share your ambition to grow, be responsive to your concerns, and provide solutions that are tailored to the stage your business is in. A strong banking relationship will give you confidence and peace of mind as you build your enterprise. 4. Deploy Effective Payment Solutions Revenue is the foundation of every business and the way you go about collecting it is key. In today’s economy, customers expect fast, simple, and secure payment options. If your business only accepts cash, you may be turning away potential sales without realising it. Providing customers with flexible payment options is no longer a luxury. 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We are aligned with the Ministry of Tourism Arts and culture and the Marine drive project- FH-PDE

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We are aligned with the Ministry of Tourism Arts and culture and the Marine drive project- FH-PDE
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The Federation of Handicraft Producers, Dealers and Exporters (FH-PDE) has revealed that its members are aligned with the Ministry of Tourism Arts and Culture and the Marine drive project. 

According to FH-PDE, its members were still operating and that it was only the Centre of National Culture (CNC) that had been asked by the Ministry of Tourism, Arts and Culture to relocate to the Ghana House to pave way for work to begin on the Marine Drive Investment Project (MDIP).

FH-PDE further debunked media reports that its members have been sacked from the Arts Centre.

“Our attention has been drawn to conflicting information and reportage on the Marine Drive Investment Project, Arts Centre demolishing and relocation to Kawukudi and Dodowaon traditional and social media. These reportage and information that are not verified only help to fuel anger, panic and cause mistrust among players in the industry”.

Addressing a news conference in Accra, the Coordinator of the FHP-DE, Mr Bright Antwi, explained that the Ministry of Tourism on September 20, 2017 had a meeting with the leadership of the handicraft practitioners, and that the Arts Centre would be maintained and the handicraft producers would be relocated to Kawukudi on a temporary basis at no cost to them.

Also, he said it was agreed that once the MDIP was completed, they would revert to the Arts Centre, but on condition that they would be able to pay for the shops.

“Unfortunately, recent event seems to give false impression that the Arts Centre market, including the building housing the administration will be demolished and relocated to Ghana House and Kawukudi respectively. However, this is not the case as it is only the administration of the CNC that is relocating to the Ghana House prior to the demolishing of their structure after January 30, 2022”, he added.

Mr Antwi asserted that the handicraft producers and dealers would be moved later only after the new site had been completed at Kawukudi and Dodowa.

According to Mr Antwi, the first phase of Kawukudi is near completion after which the second phase will follow then, the handicraft producers and dealers will move.

He said the false publication about the relocation of the Arts Centre has affected the business of handicraft producers and called on the general public to disregard the information as the centre was opened for business.

The FHPDE is made up of the five associations of traders at the Arts Centre, namely, Production Unit North (Greater Accra Handicraft Producers Association), Greater Accra Arts and Craft Dealers Association, Production Units South (United Craft Producers Association), Traditional Cultural Kente and Adinkra Manufacturers and Sellers Association and finally, the Traditional Herbal Dealers Association.

The handicraft practitioners are self-employed businessmen and women who are distinct from the Centre of National Culture Accra, who are civil servants.

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