Govt policies partly responsible for inflation - GCC

Accra, April 8, GNA - Mr. Wilson Atta Akrofa, President of the Ghana Chamber of Commerce on Wednesday said government policies were partly responsible for the high inflation rate in the

country. He regretted that farmers found it difficult to purchase chemicals

and tools for cultivation which would in turn increase productivity and stabilise the country's economy.

He urged government to increase the support to farmers to enable them to stay on their farms.

Mr. Ata Akrofa made this statement at the monthly meeting of the Accra Regional Chamber of Commerce and Industry organized for business operators to deliberate on the issues facing them. He said there had been too much importation of food in the country and thereby creating a tough competitive market for local products. "We have a lot of fertile lands for cultivation of our own crops but prefer imported goods which bring about unemployment in the agricultural sector", he said. Mr Frederick Adu-Amoako, Executive Secretary, Ghana Chamber of Commerce urged the public to study their marketing field, including

the needs of their customers well before setting up any business. He also asked the youth to engage in entrepreneurship and seek consultation before starting any venture. since anybody could excel in any field provided it was done with

commitment. Professor Clifford Nii Boi Tagoe, Vice Chancellor of the

University of Ghana, pointed out that human capital development was

the medium through which Ghanaians would realize their collective

goals and aspirations and said it should therefore be at the fore of our development agenda.

Mr Takyi-Asiedu, Dean of the University of Ghana Business School, said government should pursue human capitalism, describing it as a highly productive people-oriented system based on the premise that human resources, not pecuniary or material resources, were most vital in creating and increasing productivity.