Audio By Carbonatix
The Sekondi-Takoradi Chamber of Commerce and Industry (STCCI), has established an Alternative Dispute Resolution (ADR) Center to assist its members to amicably settle business disputes.
He said ADR provides a simple, fast, cost effective and flexible procedure for members of the chamber to negotiate a settlement of their commercial disputes.
Mr. Ato Van-Ess, Chairman of the STCCI, announced these at a breakfast meeting for members of the Chamber and stakeholders, including representatives of financial institution at Takoradi.
He said ADR mechanisms were completely voluntary and must be agreed to by both parties involved in a dispute, except in a few cases when it was ordered by a court or any other body.
Mr. Van-Ess said all over the world, settling business disputes through ADR had become one of the leading functions of Chambers of Commerce and Industry.
He said benefits of ADR to corporate businesses; include avoidance of loss of money due to judicial corruption and resolution of disputes by companies without becoming enemies.
Mr Van-Ess said ADR also enabled business operators to use their time and financial resources for profitable ventures and investments, adding "Litigation has no business in today's business".
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Police restore calm after violent cutlass clash at Akyem Oda New Station
8 minutes -
Bono Region to host maiden Ghana Youth Agriculture Summit on May 22
11 minutes -
Millions still suffering despite available asthma medicines – WHO envoy
24 minutes -
Ghana to face Nigeria in a friendly ahead of Commonwealth Games
56 minutes -
Today’s Front pages: Thursday, May 7, 2026
1 hour -
BECE 2026 progressing smoothly in Old Tafo Municipality
1 hour -
Health Minister assures full implementation of Akosa Committee recommendations on Charles Amissah death
1 hour -
TDC gives property owners 30 days to settle ground rent debts
1 hour -
New WHO report reveals failures in hiring, retention of Africa’s health workers
1 hour -
Afoko holds consultations with Bawumia, Akufo-Addo, Kufuor and others ahead of NPP conference
1 hour -
Boakye Agyarko intensifies his message of unity, discipline, and victory
2 hours -
The Agbodza Axe: Why Deadlines are the New Social Contract
3 hours -
NIA aims to build a dynamic database – Corporate Affairs Director
3 hours -
Court refuses businessmen bail over GH¢49m gold fraud
3 hours -
Patronise local chicken to sustain Nkoko Nketenkete Programme – Coordinator
3 hours