GRi Business, Economics & Finance 14 –
01 - 2003
Accra (Greater Accra) 14 January
2003- Business operators have asked Government for a legal framework that would
ensure smooth and orderly operation of businesses as well as ginger the private
sector to assume greater responsibilities.
In an interview with the Ghana
News Agency (GNA) Business Desk, Dr Osei Boeh-Ocansey,
Director-General Private Enterprise Foundation (PEF), said such a framework
should set out, among other things, regulations to protect the integrity of old
and new businesses while defining the relationships that should exist among the
various companies.
"It should also adequately
cater for bankruptcies and liquidations and ensure protection of property
rights," he added. Dr Boeh-Ocansey said the
framework must promote peaceful coexistence between the companies and the
communities in which they operate.
He said this was necessary as
the country was embarking on serious development programmes, in which the
private sector was expected to play a leading role.
Touching on the African Growth
and Opportunity Act (AGOA), Dr Boeh-Ocansey said to
derive maximum benefits under the Act it was imperative to first strengthen the
weak supply linkages in the nation's production chain.
This, he said, would involve
putting in place appropriate organisational arrangements and structures to
ensure that the required transformation was made. "As such, it will be in
order to use part of the developmental portion of the Export Development and
Investment Fund for the transformation process."
Dr Boeh-Ocansey
said no efforts should be spared in making ECOWAS objectives a reality since
the sub-regional market could serve as a launching pad for the country's
non-traditional exports.
Dr Boeh-Ocansey
said he was optimistic that lasting socio-political stability in the sub-region
would open up market access. He expressed regret that the private sector has so
far achieved limited success in trying to establish business relationships.
GRi.../
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The Index, which has been making
steady strides in recent trading sessions, rose to close at 1,414.22 points
from 1,411.03 points. A total of 157,500 shares changed hands compared to the
paltry 24,600 shares on Friday. GGL sold the highest number of shares of 152,000
shares. Change for the year was up at 1.35 per cent.
On the broader market, there
were two positive price changes. GGL gained 50 cedis at 1,100 cedis and Ghana
Commercial Bank was up four cedis to close at 3,606 cedis. Market
capitalisation was up at 6,345.70 billion cedis from 6,339.16 billion cedis at
the previous close.
The following are the last
prices of listed equities in cedis:
ABL 390
AGC 28,000
ALW 3,700
BAT 1,001
CFAO 67
EIC 4,600
FML 1,800
GBL 500
GCB 3,606 +4
GGL 1,100 +50
HFC 1,000
MGL 254
MLC 272
MOGL 19,730
PAF 750
PBC 390
PZ 2,010
SCB 28,700
SPPC 387
SSB 4,101
SWL 285
TBL 4,850
UNIL 4,808
CMLT 460
GRi.../
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Currency Buying Selling
U.S. Dollar 8,298.00 cedis
8,490.09 cedis
Pound
Swiss Franc 5,999.66 6,136.31
Canadian Dollar
5,376.46 5,499.53
Danish Kroner 1,179.41 1,206.37
Japanese Yen
69.64 71.23
South African
Euro 8,763.97 8,962.57
CFA Franc 13.36 13.66
GRi.../
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