The Ghana National Chamber of Commerce and Industry met members of the Parliamentary Select Committee on Trade, Industry and Tourism to discuss issues relating to economy, trade and industry in Ghana.
The meeting afforded the Chamber the platform to discuss critical issues affecting the private sector and the expected solutions.
In an opening remarks, the President GNCCI Mr. Clement Osei-Amoako, said the persistent and current issues facing the economy requires a deliberate attention on pursuing home-grown policies.
“The GNCCI strongly urges government to provide more support to value addition, local content optimization, export development, trading of domestic products and services, and efficient competition laws which are sustainable tools needed to manage exchange rate and inflation stability and achieve macroeconomic prudence” he added.
He also indicated that, developing and boosting local production is underscored by three essential components; Quality, Quantity, and Price. An efficient and effective combination of these components drive industrial competitiveness.
Mr. Osei-Amoako noted that, to remain competitive in terms of quality, quantity, and price, Ghana must focus essentially on Value Chain Development and Mapping. “Over the years, the GNCCI has been championing Value Chain Development Mapping as it has proven to be the fastest, more consistent and more sustainable model for pursuing any contemporary industrialization drive” he said.
The GNCCI called for the development of Public policy framework on industrial value chain development; Policy framework on local product development; and Policy readiness on industrial competitiveness.
Also, some suggested Policy interventions were; Media collaborations to life the image of Ghana-made goods; demographic fusing of age, regions, and consumer differences; developing and managing the retail and wholesale skills shift for the right talent and reskilling; invest in zero-based resourcing; invest in retail and wholesale structural shifts that capture the full value at stake and invest in smart automation technologies for Ghana-made goods for retailers to capture the heart of the youth.
The GNCCI assured the committee of its commitment to work with all stakeholders and government in providing the needed micro economic support for more prudent macroeconomic management and competitive businesses.
In attendance were members of the Select Committee, led by the Chairman Hon. Carlos Kingley Ahenkorah, Deputy Minister of Finance, Hon. Michael Okyere Baafi, AGI, GUTA some major Industry players.
Source: Mybrytnewsroom.com/Kwabena Nyarko Abronoma
