Maxwell Investments Group has revealed plans to make significant investments in the country’s bamboo industry in a bid to unlock its full potential.
This is also expected to help make the country a hub of bamboo processing on the continent.
The Chief Executive Officer of the Group, Dr Maxwell Ampong, said that would also help create new opportunities for the country’s young entrepreneurs.
Bamboo, also known as “green gold”, is a versatile and fast-growing plant that has been an instrumental catalyst for economic growth in many communities around the world.
“Our focus is on unlocking the potential of bamboo as a source of livelihoods for the youth in Ghana.”
“We believe that the bamboo industry can be a game-changer in addressing the challenges of youth unemployment and poverty in the country,” he stated.
The CEO was speaking in an interview after the MIG Business Forum, which was held on the theme: “Avenues to Manoeuvre During an Economic Downturn”.
He said Maxwell Investments Group was set to partner an European company to invest millions of dollars in bamboo processing equipment and set up a plant in the country.
He said the company also planned to establish bamboo plantations in selected regions across the country in a bid to create jobs and provide raw materials for various industries.
“The project will also involve training and capacity building for young entrepreneurs to enable them to participate in the value chain.”
“We are excited about the prospects of this project and are committed to ensuring that it delivers on its promise to create economic opportunities for young people in Ghana. We believe that the bamboo industry can be a driver of sustainable development in the country,” he stated.
Scaling entrepreneurial success
He said the next edition of the business forum would focus on scaling entrepreneurial success through collaboration and sustainability.
“The next edition will focus on building upon the success of the first edition and emphasising the importance of collaboration and sustainability in entrepreneurship.”
“The theme reflects the commitment of Maxwell Investments Group and the Zongo and Inner Cities Development Secretariat (ZICDS) to foster a supportive ecosystem that empowers the current and the next generation of entrepreneurs to create lasting change and drive economic growth,” he stated.
By highlighting the need for cooperative efforts and sustainable practices, he said the MIG Business Forums aimed to encourage entrepreneurs to work together, share resources, and embrace eco-friendly business models for the benefit of the entire community.