Showing posts with label financial constraints. Show all posts
Showing posts with label financial constraints. Show all posts

Monday, October 15, 2012

GCCI undergoing financial constraints



 Unable to fulfill missions towards members

The Gambia Chamber of Commerce and Industry (GCCI), apex body of the private sector operators in the country, is undergoing difficulties constraint hence not able to meet its needs, fulfill its missions toward members, and also unable to hire more professional staff to be part of the team to run daily affairs of the Secretariat effectively, Gambia News Online can reveal.  

GCCI CEO, Almami Fanding Taal
“In adequate financial resources has been a major setback for GCCI in terms of addressing the growing demands of the private sector,” the annual reports and financial statements for the years 2006 – June 2012 of the Chamber has stated. 

Due to financial predicament, the GCCI membership training has not been conducted for quite some time owing to the cost involved; it was difficult to mobilize interested participants.

The report, presented at the annual general meeting of the GCCI held on 5th October, 2012 at the Kairaba Beach Hotel in Kololi, said the dinner lecture series of the Chamber was suspended due to lack of follow up and financial support.

The Gambia News Online understands that some members and partners of the GCCI were becoming reluctant in sponsoring or being part of GCCI activities organized for the membership, causing financial constraints for the Chamber.

Due to lack of effective implementation of its missions towards members as a result of insufficient finances, the Chamber is finding it difficult to retain current membership and also recruitment of new members is a daunting challenge.