A STATE enterprise can make profit, only if it is given the necessary freedom to operate, says Prof. Kwame Gyekye, former Board Chairman of the Graphic Communications Group Limited.
Such an enterprise, he noted, can reach higher laurels if there is adequate and effective supervision, to let the staff appreciate that they are not just working for the government or state, but for an organisation, whose profits will benefit them personally.
He stated that when adequate incentives are provided for the employees, with corruption reduced to negligible levels, the organisation would stand tall in the competitive business world, stressing, 'GCGL, to me, models a limited liability state enterprise that can make appreciable profits'.
Prof. Gyekye was speaking at the inauguration of the new Board of Directors for the GCGL in Accra yesterday.
The nine-member board has Osahene Offei Kwasi Agyeman IV, Krontihene of Akropong Akuapem, as chairman.
Other members are Mike Adjei, Special Aide to the President and on secondment to the Ministry of Information and National Orientation; Mrs. Esther Nakai Mensah, Development Planner; Mrs. Rose Fosu, Human Resource and Administrative Director at the Ghana Trade Fair Company Limited; Michael M. Asigri, Planning Consultant and a part-time lecturer at the Kwame Nkrumah University of Science and Technology; Akwasi Agyeman of Global Media Alliance, Kafui Asem and Berfi Apenteng, Managing Director of GCGL.
Recounting the achievements of the company during his tenure as the board chairman, he said plans were far advanced for the purchase of a state-of-the art printing machine that can print up to 96 pages, even though the intention was to start with 60 pages for a while saying, 'we need more pages for colour adverts which the present machine cannot provide.'
Paul Adu-Gyamfi, Chairman of the National Media Commission, commended the GCGL and said its physical edifice has become a symbol of the future of newspaper business in Ghana.
'The professional quality of your journalists will always stand out in any contest. For me, it is no wonder the name Graphic has become a generic name for newspapers in Ghana', he added.
He challenged the new board to look at the global trends in the newspaper industry where new digital technology is constantly challenging conventional journalism, so that they can improve the fortunes of the company further.