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Business News of Thursday, 20 December 2012

Source: GNA

Chamber of Commerce not happy about poor road network

Cape Coast Chamber of Commerce and Industry (CCCCI), on Wednesday appealed to Ministry of Roads and Highways, to rehabilitate road network in Abura, a suburb of Cape Coast Metropolis to help enhance business.

Members of CCCCI noted that apart from the main road that runs through the town, there are no access roads in the area, thereby affecting business operations.

The Chamber made the appeal at its last quarterly meeting of members, sponsored by Business Sector Advocacy Challenge Fund (BUSAC) in Cape Coast.

Mr Vincent Annan, BUSAC Fund Service Provider who took the members through a research conducted by the body this year said due to the poor nature of roads in Abura there was less patronage of the hospitality industry.

He said the problem had also increased traveling time for raw materials from Abura to other markets in Cape Coast resulting in low revenue and profit margins, increased cost of doing businesses, low business growth as well as the collapse and relocation of some businesses.

Mr Annan noted that government’s bid to create an enabling environment for businesses should be manifested in the provision of social infrastructure such as roads and markets.

Mr Harry Ebenezer Mensah, Executive Chairman of CCCCI announced that the organization had acquired an office which would be inaugurated in February next year and urged members to take advantage of the facility to bring fore their challenges for redress.

He said the Chamber is making efforts to establish a Credit Union which would give loans with small interest rate to members.

Mr Mensah entreated members to embark on membership drive and endeavour to pay their subscription fees to enable them benefit from all programmes of the Chamber.