Finance Minister inaugurates Two Board of Directors

Accra, Aug 6, GNA - The Minister of Finance and Economic Planning, Dr Kwabena Duffuor, on Wednesday inaugurated the governing board of the Securities and Exchange Commission (SEC) and tasked members to strategise in order to increase the flow of remittances into investments.

The 11-member SEC Board included Prof Emmanuel Victor Opare Danquah, Chairman, Dr Nii Kwaku Sowah and Mr Ekow Acquah Arhin. Other members were Mr Kenneth Okwabi, Mr Kwabena Afari, Mr Kofi Adu Larbi and Mr Kofi Harlley. The rest were Mrs Magaret Insaidoo, Dr Charles Asembri, Mrs Sena Bart-Plange and Mr Joe Debrah.

The Finance Minister administered the oath of secrecy and official oath on behalf of President Mills. Prof Danquah, the Board Chairman, thanked the President on behalf of members and pledged they would discharge their duties in the best interest of the nation. Dr Duffuor thereafter inaugurated an 8-member Board of Directors of the Ghana Supply Company Limited (GSCL) and urged them to be focus and diligent in their work.

They were Ms Tabitha Quaye, Chairperson of the Board, Mr James Dimitrus, Ms Sylvia Ahuly and Mr Manboa Rockson. The rest were Mr Sandy Amoyaw, Mr Chris Ackmann Akummey, Mad Evelyn Korang and Nana Kusi Appiah.

Dr Duffuor told them to institute well designed and effective strategies in order to capture and retain the company's market share. He told them to pay attention to uniqueness in order to stay in business in a world of competitive economic activities, adding that there was no room for companies that operated averagely with their peers.

"In today's global context, any profit made out of generic or common business will be eroded to a minimum through competition. To stay in business therefore, something about your service or product has to be special," Dr Duffuor said.

The Board members swore the oath of secrecy and official oath, both of which were administered by the Finance Minister on behalf of President Mills.

Ms Tabitha Quaye, Board Chairperson, thanked the President for the confidence reposed in them and pledged the Board's commitment towards helping build the national economy. 6 Aug 09