The Convention People Party (CPP) has cautioned the government against the proposed sale of its shares in the Ghana Commercial Bank (GCB).
Mr Akwasi Akoto, National Organiser of the party, said the CPP would resist any attempt by the government to sell the "Golden Basket" of the nation that was established by the Nkrumah government.
Mr Akoto was speaking at the launch of the party's new membership card during the Ashanti Regional Delegates' Congress on Wednesday in Kumasi.
The congress elected a new Regional Steering Committee to run the affairs of the party from 2003-2007.
Mr Akoto spoke against the sale of factories, hotels and other industries established by the Nkrumah regime.
He said such actions had deprived many Ghanaians of their basic right to comfortable livelihood as a result of inaccessibility to many social services due to high tariffs.
Mr Akoto said the CPP chose socialism as an ideology to build and create wealth for the nation and urged members of the party to unite and work hard to capture political power in the 2004 elections.
Mr Raleigh Poku, Chairman of the Council of Elders of the party, called on the leadership to explain the aims and objectives of the party to the masses.
Mr Poku said the CPP was committed to ensuring quality and free education, health care and other social services and advised supporters to explain the party's message to the people to enable them to understand and vote for it into power.
Mr Osei Tutu Bonsu was elected unopposed as the Regional Chairman.
Other executive members elected were Dr J.A. Amoateng, First Vice-Chairman, Alhaji Abass, Second Vice-Chairman, Mr Kwabena Anin, Secretary and Miss Dorithy Gifty Antwi, Treasurer.
The rest were Mr Osei Yaw, Organiser, Mr F.A. Jantuah, Education Secretary, Madam Afua Sarpong, Women's Organiser and Mr Emmanuel Nabila, Youth Organiser.