Prof. Douglas Boateng, Chairperson of Minerals Income Investment Fund (MIIF), has noted that supply chain management is key to Ghana’s economic growth through industrialisation.
Supply chain management, he explained, helps to break down silo-thinking. “You will need to work as collective and not as individual organisations, and that is what has been happening within the private and public sectors.
“Silo thinking does not work; supply chain is about consequence management, whereb, if you do not do what you are supposed to do there is a resultant consequence. Therefore, within entities, you have to all work together for the common good – which at the end of the day is Ghana,” he added.
He said the unfortunate thing is that most people confuse supply chain management with procurement: “There are differences, and we need to look broader at supply chain management and not just procurement for us to industrialise”.
Prof. Boateng was speaking on the topic ‘Supply chain management and industrialisation: the inextricable link’, at the University of Mines and Technology’s (UMaT) distinguished series on Industrialisation at Tarkwa in the Western Region.
He said MIIF as an investment fund is meant to find creative ways of harnessing the mineral resources which the country has to alleviate poverty.
“Our attitude us a people needs to be changed. We need to be able to think in the long-term; we need to move away from the short-term game which has consequences on the long-term,” he advised.
Chief Executive Officer of MIIF, Edward Nana Yaw Koranteng, said there is a need for the right human capital; hence the need for partnership between UMAT and MIIF.
Prof. Richard Kwasi Amankwah, Vice-Chancellor of UMaT, said the university is there to promote the agenda of Ghana Beyond Aid.
“We want to make sure Ghana develops, and this dwells on the path of industrialisation” he said.