Business News of 2014-03-14

‘Transform Ghana’s business ethics’

Alhaji Asuma Banda, Chairman of the International Chamber of Commerce, has called for dedicated and well-trained middle class who will help to transform the country’s business ethics.

Speaking at the launch of the International Chamber of Commerce (ICC) recently in Accra, he said the transformation was necessary for people to meet their needs, as well assist in the creation of responsible business operations within a strong, forward-looking governance and policy framework.

He also noted that the creation of such middle class could also help to create a stable, resilient and prosperous economy.

Dr. Banda cited banking, commercial law and practice, competition policy, corporate responsibility and anti-corruption, marketing and advertising as some areas that needed transformation.

Other areas were the digital economy, environment and energy, intellectual property, taxation, trade and investment policy customs and trade regulations, transport and logistics.

He stated that ICC continues to develop global business policies on key issues that affect companies’ ability to trade and invest across borders and meet the challenges.

Alhaji Banda added that the world was faced with new challenges in different dimensions, adding “not only the task of achieving growth, but also new pressures on the environment through activities such as illegal mining.”

He said over 2,000 experts drawn from member companies across the world used their knowledge, research findings and expertise to draft the ICC policy.

Haruna Iddrisu, Minister of Trade and Industry, in a speech, reiterated government’s resolve to add value to raw materials produced in Ghana.

He said government was creating the enabling environment for the private sector to thrive.

The Minister added that government was also looking at the regulations of the Customs Division of the Ghana Revenue Authority in relation with the clearance of goods at Ghana’s ports to create a level playing field for players in the private sector.

Source: Daily Guide
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