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31.05.2007 Business & Finance

Industries Coalition Produces Business Code

A coalition of the Association of Ghana Industries (AGI) Ghana National Chamber of Commerce and Industry (GNCCI) and the Ghana Employers Association (GEA) has developed a business code to guide business operators in Ghana to fulfil their corporate responsibilities.

The component which is being financed by the Danish International Development Agency( DANIDA) include ethnical practices to improve industrial responsibilities and relations in respect to human rights, labour standards, protection of the environment and anti-corruption.

The Tema Regional Chamber of Commerce and Industry has therefore organised a forum for its members to introduce them to the Ghana Business Code.

Members were educated on the objectives of the code and its usefulness to the business community.

A Sub-component Manager of the Ghana Business Code, Mr Johnson Ben Oduro said the document would improve business practices in the country piointing out that it was developed on a voluntary initiative and not a regulatory instrument.

He urged members of the business community to sign on the code on its web-site to support the principles on which the documents were developed.

Mr Oduro said the Ghana Business Code was aligned to the United Nations Global Compact and reflected shared values and principles between societies and businesses.

He was particular with the moral and ethical approach of consumers and was of the view that citizens should not sit down and watch manufacturers display shoddy goods on the market.

"Business can no more play ostrich," Mr Oduro said.

He said industries must work hard to sustain their corporate image.

Mr Oduro noted that these were some of the reasons why the Business Code had been developed to give directions to the production of competitive goods and good profit margins.

Story by Rose Hayford Darko