The Ghana National Chambers of Commerce and Industry (GNCCI) on Wednesday inducted into office a new Council and Central Executive Committee (CEC) to govern and support the activities of the chamber.

The Council comprises the elected National Officers – President, first and second Vice Presidents, and a representative selected by each branch chamber while the CEC includes the National Officers, Regional Chairmen of the branch chambers and co-opted seasoned business men and women who have distinguished themselves in their field of work.

Speaking at the ceremony, Nana Appiagyei Dankawoso I, GNCCI President said, the constitution of the chamber, which derives its power from the legislative instrument (L.I.611 of 1968) that established the GNCCI, a new Council and CEC have to be duly constituted to govern and support the activities of the Chamber.

“The Chamber has played a critical role in the growth and development of the private sector in Ghana and they have worked with successive government and is currently enjoying good working relationship with the current government in the interest of the private sectors”, he said.

The GNCCI President calls on the Bank of Ghana to ensure a proper oversight and a transparent reporting mechanism over the banks on the composition margins on facilities given to their different categories of customers.

“The Chamber will be embarking on sensitization programmes for the business community and the general public to demand facility letters that capture details of the margins or spread to inform their actions”, he said.

He therefore appealed to the government to continue to support the productive sectors to grow the economy and generate the needed export receipts.

Mr. Nana Amaniampong Marfo, the Chairman of Parliamentary Select Committee on Trade, Industry and Tourism inaugurated the Council.

He charged the council to make inputs into the national budget through the Ministers of Finance.

He said, the members of GNCCI should allow the local industries to flourish adding that doing that will also help the government to develop the economy.

He said as a chairman of Parliamentary Select committee, he would help in pushing the course of the chamber in Parliament.

Mr. Kenneth Kwamina Thompson, Chief Executive Officer Delex Finance called on the government to provide policies that would help the private sectors to invest and save.

“The private sectors don’t need only money but they need policies that will help them to invest and save,” he said.

Source: GNA