{"id":1251086,"date":"2022-11-15T14:00:29","date_gmt":"2022-11-15T14:00:29","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/11\/15\/gncci-parliamentary-select-committee-discuss-issues-on-economy-trade\/"},"modified":"2022-11-15T14:00:29","modified_gmt":"2022-11-15T14:00:29","slug":"gncci-parliamentary-select-committee-discuss-issues-on-economy-trade","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/11\/15\/gncci-parliamentary-select-committee-discuss-issues-on-economy-trade\/","title":{"rendered":"GNCCI, Parliamentary Select Committee discuss issues on economy, trade"},"content":{"rendered":"

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The Ghana National Chamber of Commerce and Industry (GNCCI) has met members of the Parliamentary Select Committee on Trade, Industry and Tourism to discuss issues relating to economy, trade and industry in Ghana.<\/p>\n

The meeting afforded the Chamber the platform to critical issues affecting the private sector and the expected solutions.<\/p>\n

Opening the session, the President of the GNCCI, Clement Osei-Amoako thanked the committee for the opportunity.<\/p>\n

According to him, the persistent and current issues facing the economy requires deliberate attention on pursuing home-grown policies.<\/p>\n

In this regard, the GNCCI strongly urges the government to provide more support to value addition, local content optimisation, export development, trading of domestic products and services, and efficient competition laws which are sustainable tools needed to manage the exchange rate and inflation stability and achieve macroeconomic prudence.<\/p>\n

He also indicated that\u00a0developing and boosting local production is underscored by three essential components: Quality; Quantity; and Price.<\/p>\n

An efficient and effective combination of these components, he said drive industrial competitiveness.<\/p>\n

Mr. Osei Amoako noted that, to be able to stay competitive in terms of quality, quantity, and price, Ghana must focus essentially on Value Chain Development and Mapping.<\/p>\n

\u201cOver 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 industrialisation drive\u201d he said.<\/p>\n

The GNCCI calls for the development of the following:<\/p>\n

a\u00a0\u00a0\u00a0 Public policy framework on industrial value chain development;<\/p>\n

b.\u00a0\u00a0\u00a0\u00a0 Policy framework on local product development; and<\/p>\n

c.\u00a0\u00a0\u00a0\u00a0 Policy readiness on industrial competitiveness<\/p>\n

Suggested Policy interventions were:<\/p>\n

a.\u00a0\u00a0\u00a0\u00a0 Media collaborations to life the image of Ghana-made goods;<\/p>\n

b.\u00a0\u00a0\u00a0\u00a0 Demographic fusing of age, regions, and consumer differences;<\/p>\n

c.\u00a0\u00a0\u00a0\u00a0 Developing and managing the retail and wholesale skills shift for the right talent and reskilling<\/p>\n

d.\u00a0\u00a0\u00a0\u00a0 Invest in zero-based resourcing<\/p>\n

e.\u00a0\u00a0\u00a0\u00a0 Invest in retail and wholesale structural shifts that capture the full value at stake; and<\/p>\n

f.\u00a0\u00a0\u00a0\u00a0\u00a0 Invest in smart automation technologies for Ghana-made goods for retailers to capture the heart of the youth<\/p>\n

The GNCCI assured the committee of its commitment to work with all stakeholders and government in providing the needed microeconomic support for more prudent macroeconomic management and competitive businesses.<\/p>\n

In the meeting, the members of the Select committee were led by Carlos Kingsley Ahenkorah; Deputy Minister of Trade and Industry, Michael Okyere Baafi, the Association of Ghana Industries, the Ghana Union of Traders Association and some major Industry players.<\/p>\n

DISCLAIMER: <\/strong>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.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Ghana National Chamber of Commerce and Industry (GNCCI) has 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 critical issues affecting the private sector and the expected solutions. Opening the session, the […]<\/p>\n","protected":false},"author":1,"featured_media":1251088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[1309,3742,1963,3119,1222,2101,5763,915],"class_list":["post-1251086","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-committee","tag-discuss","tag-economy","tag-gncci","tag-issues","tag-parliamentary","tag-select","tag-trade"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1251086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1251086"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1251086\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1251086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1251086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1251086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}