SEC and GSCL boards inaugurated

Accra, Aug. 5, GNA - Two newly constituted boards, the Securities and Exchange Commission (SEC) and the Ghana Supply Company Limited (GSCL) were on Wednesday inaugurated.

An 11-member SEC's board, to be chaired by Professor Emmanuel Victor Opare Danquah, were sworn into office by Dr Kwabena Duffuor, Finance and Economic Planning Minister. The members were Dr Nii Kwaku Sowah, Mr Ekow Acquah Arhin, Mr Kenneth Okwabi, Mr Kwabena Afari, Mr Kofi Adu Larbi, Mr Kofi Harlley, Mrs Magaret Insaidoo, Dr Charles Asembri, Mrs Sena Bart-Plange and Mr Joe Debrah.

Prof Danquah on behalf of the board thanked President Mills and pledged to discharge their duties to the best interest of the nation. Inaugurating the 8-member board of directors for the GSCL, Dr Duffuor urged members to be focussed and diligent in their work. He challenged them to help introduce measures that would enable the company to either retain or improve its market share. Dr Duffuor told them to ensure that GSCL carved a niche for itself so as to become more competitive and added that companies that operated averagely would not be successful.

"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 were Ms Tabitha Quaye, Chairperson, Mr James Dimitrus, Ms Sylvia Ahuly, Mr Manboa Rockson, Mr Sandy Amoyaw, Mr Chris Ackmann Akummey, Madam Evelyn Korang and Nana Kusi Appiah. Ms Quaye thanked the President for the confidence reposed in them and pledged the board's commitment to help to build the nation. Both boards' members swore the oath of secrecy and official oath. 5 Aug. 09