Chamber of Commerce concerned over spillover of banking crisis

Chamber of Commerce concerned over spillover of banking crisis
Source: Ghana | Charles Ayitey | JoyBusiness
Date: 10-10-2018 Time: 09:10:49:am

The Chamber of Commerce is warning of an imminent job loss crisis if the government does not provide incentives for the private sector to soak in the spillovers of the bank crisis which has cost over 2000 jobs. 

President of the chamber, Nana Appiagyei Dankawoso 1 argued that even though the move by the regulator to ensure sanity is justified, the problem of job losses must be addressed.

“The Chamber calls on the government to create incentives for other sectors of the economy to expand in order to curtail the unemployment spillovers that will emanate from the job losses,” he admonished 

Deputy trade minister, Ahomka Lindsay, outlined the various plans government has employed to ease the cost of doing business in the country. He assured captains of industry of an improved business atmosphere.

“Government is making everything possible to ensure that the private sector is expanded and business climate very conducive for growth, he stated

Outlook of Ghana’s economy, 2018

The Chamber of Commerce says the year 2018 has brighter prospects as global economic activity continues on a steady path. According to the Chamber, the government must sustain its economic stabilization program through fiscal consolidation. 

It must address the high financing costs in both domestic and external markets as global interest rates rise.

Meanwhile, the Economic Outlook (2018, January Update) has categorized the risks associated with the global economy falls into four parts like trade barriers, investment growth among others.
42nd Chamber of Commerce AGM
The Annual AGM has seen all national executives retained in a national executives’ election. By this, President of the Chamber, Nana Appiagyei Dankawoso 1 has also been retained for another tenure of two years. Other retained executive members include; Clement Osei Amoako (1st Vice Chair}, Victoria Hajar (2nd vice president).
About Chamber and Industries

The Chamber has grown impressively from a membership of 14 in 1888 to about 5,000 today with eight operational offices across the country. Since its incorporation, the Chamber has continued to play significant roles in the economic growth and development of Ghana. 

The activities of the Chamber are carried out through various Sectoral Groups and Service Committees, which cover a variety of economic interests. 

The Chamber’s National Secretariat provides the administrative and technical support for the day-to-day workings through its Regional/District chambers. 
Relations with government and other relevant bodies
As the representative organ of the business community and the voice of the organized private sector in Ghana, the Chamber maintains regular consultations with the government on policies and measures affecting business and the economy. 
It makes representations to the government on issues of interest to the business community and the economy.

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