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Friday, March 11, 2016

 

Marketing Man of the Year 2008 calls on government - to exhaust capacity of local insurance companies
By Masahudu Ankiilu Kunateh

The Marketing Man of the Year 2008, Mr. Kwame Acheampong-Kyei has passionately called on the government to exhaust the capacity of local insurance companies first in the upcoming oil and gas industry before the surpluses are ceded outside the country.

He added that insurance companies in Ghana, irrespective of their number of years they have operated or their level of capitalization, must have their fair share of the oil business.

According to him, “Those of us in the insurance industry are very much in an expectant mood, since the commencement of oil production would certainly create a more vibrant insurance industry”, stressing that this would address the problem of capital flight and bringing it down to the barest minimum if not completely eliminated.

Mr. Achampong-Kyei made the call when the executives of the Chartered Institute of Marketing Ghana (CIMAG) officially decorated and presented him the prestigious Marketing Man of the Year 2008 Award in Accra, over the weekend.

Addressing the media on some pertinent issues of business and national interest, Mr. Achampong-Kyei, who is also the Chief Executive of the GLICO Group of Companies, debunked the notion that Ghana’s oil find could be a curse instead of a blessing.

He believed that with the unity Ghanaians have exhibited and the level of transparency past and present governments have shown so far, the oil find shall serve the interest of this nation.

Mr. Achampong-Kyei admonished Ghanaians to eschew greed and embrace equitable distribution of the country’s resources at all times.

Furthermore, “this award would not have been possible if this dear nation of ours was not blessed to have successive governments, which firmly believe in the development of the private sector and especially, indigenous businesses, as one of the pillars of our economic growth.

We are all witnessed to the gains the country has made both politically and economically since the return to democratic rule in 1992. Ghana is now not only the beacon of the African continent but also its gateway, he emphasized.

To this end, the Marketing Man of the Year 2008 urged the government to continually create the enabling environment for an accelerated growth and development of the private sector.

Touching on the conduct of labour, Mr. Champong-Kyei was happy to say that he would not be addressing “you today as the 2008 CIMAG Marketing Man of the Year” if his company was not blessed with a supportive team of workers.

This notwithstanding, he firmly believed that the labour force, especially the various labour unions, could do a lot more to increase productivity.

This could happen if labour unions would perceive themselves more as partners for corporate and national growth.

Indeed, labour unions could do this by frequently organizing seminars for their members to complement the efforts of the various organizations they work for. This would equip them with greater skills and knowledge for increased productivity.

Mr. Achampong-Kyei added that if labour unions in the country take such laudable initiatives, organisations’ perception of them as being antagonistic unions would change and this would be a major catalyst for the growth of the organizations.

The President of CIMAG, Mrs. Josephine Okuto, who decorated Mr. Achampong-Kyei with sash and presented him with a plaque in recognition of his tremendous achievement as the Marketing Man of the Year 2008 extolled for adopting a scientific marketing strategies to bring his company to that far.

“I hope you will continue to keep your company ahead”, she added.

The Chief Executive of Lowe Lintas, Mrs. Norkor Adua, who is the Marketing Woman of the Year 2008, appealed to the government to undertake a comprehensive campaign to empower Ghanaians, especially the teeming youth.

Ghanadot


 
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