Blows In Chamber Of Commerce

Cadmond Dadzie (right) and Matthew Ade Coker, Treasurer, STCCI addressing the press

Executives of the Ghana National Chamber of Commerce and industry (GNCCI) have allegedly threatened to physically assault executives of the Sekondi-Takoradi Chamber of Commerce and Industry (STCCI) for breaking away from GNCCI.

The executives of the GNCCI have also warned the executives of the STCCI not to use the name ‘Chamber of Commerce.’

Members of the STCCI, at a press conference last week, accused the parent union GNCCI of misappropriating funds belonging to the union.

Cadmond Dadzie, Vice President of the STCCI, who disclosed this at a press conference in Takoradi yesterday, alleged that the threat by executives of the parent union indicated the level of desperation and penchant for the use of brute force to subdue dissenting views and initiatives.

Mr Dadzie told journalists that it was extremely preposterous for the GNCCI to threaten the STCCI for using the name ‘chamber of commerce,’ adding ‘this also demonstrates how clueless GNCCI executives are with regards to what is happening around them’.

Explaining further, Mr Cadmond Dadzie noted that the GNCCI had failed to fulfill its entire mandate as stipulated by legislative instrument number 611 of 1968.

He alleged that without any due diligence or valuation, the GNCCI executives dubiously purchased a plot of land in Accra for $450,000.00 and that the Chamber was on the verge of losing both the money and the plot of land due to suspicious ownership and documentation issues.

He also mentioned the use of 27 per cent of annual revenue generated by various chapters of GNCCI.

‘Specifically in the first quarter of 2014, the various chapters generated about GH¢483, 040.00, out of which the National President of GNCCI alone spent 25 per cent on his travels. These travels have never produced reports, let alone benefits for members,’ he alleged.

He indicated that since the Chamber Executive position is a voluntary one, executives were not supposed to be paid, but the executives of the GNCCI had unilaterally fixed and pay themselves GH¢2,000.00 per month as allowances.

‘After paying themselves GH¢2,000.00 each, the national executives of the chamber send only GH¢2,000.00 to STCCI and GH¢500.00 each to Cape Coast and Tarkwa for administrative expenses,’ he alleged.

From Emmanuel Opoku, Takoradi

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