XCMG Machineries Lends a Helping Hand to the Philippines and other Belt and Road Initiative Countries

CARAGA, Philippines, May 19, 2017 /PRNewswire/ — Committed to bringing a better future to Belt and Road Initiative (BRI) countries through active participation in major infrastructure projects, XCMG’s concrete pumps and mixers have recently been put into use in a road bridge project in Caraga, Philippines that will benefit the local people’s livelihood, as well as the region’s economy.

“Just like this bridge project in the Philippines, XCMG’s equipment is playing an active and crucial role in various infrastructure projects in BRI countries across Asia and Africa including harbors, piers, railways, highways, industrial parks and public infrastructure facilities,” said Wang Min, chairman of XCMG.

XCMG has participated in a series of infrastructure projects since the BRI was launched in 2013. With its 30 years of experience, XCMG’s infrastructure projects are helping countries in northeastern Africa to advance the industrialization process and build the “African dream.”

In Kenya, XCMG’s ZL50G loaders and QY50K truck cranes have helped to construct the challenging Mombasa-Nairobi and Nairobi-Malabar railways. The QY25K-II truck cranes are now working on the Bole International Airport terminal expansion project in Ethiopia and the XE215C excavator has worked 6,000 hours in the Hassai Gold Mine in the Sahara.

“It has taken XCMG three years to plan, develop and carry out our projects as part of the BRI, and as an industry leader that firmly believes in its motto of ‘Advanced and Endurable,’ XCMG is proud to be part of the BRI that not only builds roads and bridges, but also improves lives,” Wang said.

About XCMG:

XCMG is a multinational heavy machinery manufacturing company with a history of 74 years. It currently ranks ninth in the world’s construction machinery industry. The company exports to more than 177 countries and regions around the world.

For more information, please visit: www.xcmg.com, or XCMG pages on Facebook, Twitter, YouTube, LinkedIn and Instagram.

Resist early marriage and focus on your education, girls admonished

Accra, The ActionAid-Ghana, a non-governmental organization, has held a girls’ club fair for some selected schools with the call on the girls to resist early marriage and focus on their education.

Participants at the fair included children from Kpobikope M/A Basic School, Toman Sacred Heart Anglican School, Doblo Gonno Methodist School, Akotoshie M/A School, Samsam M/A Basic School and Oduman Anglican School in the Ga West Municipality of the Greater Accra Region.

The End Child Marriage Campaign Project which is being done in partnership with the United Nations Children’s Education Fund (UNICEF) is ongoing in six regions namely Upper East, Upper West, Northern, Brong Ahafo, Cape Coast and the Greater Accra regions.

Since 2015, the effort has led to the formation of girls’ clubs in schools and helped educate girls on the negative effects of early marriages and trained many to acquire new vocational skills.

Madam Denise Dinah Oye Welbeck, the Municipal Director of Education of Ga Central � Sowutuom, said education is the key that opens many doors, however, emphasis has been placed on girls’ education because they are vulnerable to early marriages and pregnancies at an early stage that could destroy their future.

Ladies I will plead with you, it is good to wait till the right time. In the Bible there is nothing about child marriage. Even Adam was of a certain age before God decided to give him a woman. You need to grow to a certain age before you leave your house to join your husband, she said.

Madam Welbeck urged the students to attend to their studies with all seriousness saying; take your books as your partners and learn hard so that you can be equal to the men in all fields.

Madam She-Vera Anzagira, the Project Coordinator of the End Child Marriage Project, ActionAid-Ghana, said they have been working together with various institutions including the Social Welfare and Community Development Departments, the Commission on Human Rights and Administrative Justice, the Domestic Violence and Victim Support Unit of the Ghana Police Service and the Girl-child Education Unit of the Ghana Education Service.

Madam Anzagira said they have analyzed the rights and vulnerability of girl-child in marriages, hence, the formation of girls’ club in schools to build their skills and attitudes.

She said similar fairs would be held at in Ga East and Dodowa districts so that the girls could use such occasions to build networks among themselves, learn and support each other.

Ms Abena Anin-Adjei, a Coordinator of the End Child Marriage, ActionAid-Ghana, in an interview with the Ghana News Agency, appealed for the resourcing of the child protection agencies to enable them carry out their duties effectively.

She said there is a law against child marriage but many are not aware of it hence the need to create awareness and the enforcement of the law.

Ms Anin-Adjei said the ActionAid-Ghana has engaged traditional, religious and opinion leaders to get them to appreciate the effects of child marriage on the child and the society.

Some have started initiating bye-laws to prevent children, especially girls from moving around at night, she said.

Nana Agyeiwah Koree I, a retired educationist who chaired the occasion, expressed gratitude to ActionAid-Ghana for the education on child marriage and its consequences to families in the society.

Source: Ghana News Agency

GOIL pays Gh?0.025 to shareholders as dividend

Accra, ,The Board of Directors of Ghana Oil Company Limited (GOIL) has recommended a dividend payment of Gh?0.025 per share this year, which was unanimously approved by shareholders at the 48th Annual General Meeting in Accra.

Final dividend of Gh?0.025 per share amounting to Gh?6,037,344.00 was paid during the year as well as a final dividend of Gh?0.025 per share amounting to GH?9,796,578.00 was proposed for the year ending December 31, 2016.

GOIL in 2016 achieved a turnover of Gh?2,645,441.00 representing a 26.95 per cent increase over 2015 and a net profit after tax grew from Gh?22,211,000.00 in 2015 to Gh?35,256,000.00 in 2016 representing 58.73 per cent increase.

GOIL also contributed Gh?617,072,000.00; Gh?14,742,000.00; and Gh?6,037,000.00 as customs, duties and levies, and income tax and dividend payment, respectively.

GOIL achieved 95.8 per cent of its fuel sales target in spite of the tight competition in the industry; and despite a fall of about 5.6 per cent in national consumption of fuel products, GOIL in 2016 fuel sales grew by 9.8 per cent.

Liquefied Petroleum Gas (LPG) sales grew by 30 per cent; Lubricant sales also improved by 11 per cent and GOIL remains the biggest Oil Marketing Company (OMC) with a market share of 18.2 per cent.

I am delighted to say that GOIL’s asset base has grown by over 500 per cent since the Board of Directors took over in 2009, Professor William A. Asomaning, out-going Board Chairman, stated at the AGM.

Prof. Asomaning noted that GOIL had started an exercise to revalue its landed properties, plant and machinery to establish the true value of those assets.

He explained that in 2016, the combination of good financial and operating strategies contributed to the tremendous achievement of GOIL.

This performance was as a result of increase in the number of active retail stations, improvement in service delivery, stringent measures to operate in a safe environment, and improved quality control measures, he said.

Prof. Asomaning said in 2016, GOIL undertook a rights issue to raise additional capital of GH?150,000,000.00 to undertake certain key projects among which are the Takoradi Harbour project, the construction of a bitumen plant and a lubricant blending plant in Tema.

He said GOIL continued to work assiduously to keep employees, contractors and customers safe by focusing on and adhering to safety regulations.

We have strengthened our safety culture through change management programmes, reinforcing safety rules through display of posters and other capacity building programmes.

We have efficiently used our fuel analysers to test product quality and resolved complaints and enquiries in a timely manner. This has instilled a high level of customer confidence and satisfaction amongst our stakeholders, he said.

Mr Peter Kwamena Bartels, the new Board Chairman and a Lawyer, commended Prof. Asomaning for handing over a company in good health.

He said: We intend to move GOIL to the next level…I assure shareholders that the new Board, under my chairmanship, will continue from where the old Board left off and our members will immediately buy GOIL shares as a commitment to the company.

Mr Patrick Akpe Kwame Akorli, the GOIL Group Chief Executive Officer, told the Ghana News Agency that GOIL was listed on the Ghana Stock Exchange in 2007 and government currently owned 34.23 per cent of the shares whilst the other 65.77 per cent are owned by individuals and corporate bodies.

Mr Akorli, who is also known as Togbe Adza-Nye IV, Dutorfia of Ziavi in the Volta Region, said with prudent management GOIL had become the largest independent oil marketing company in the country with large distribution network and range of products patronised by industries, organisations and individuals.

We are not going to rest on our laurels but we will continue to market quality petroleum and other energy products and services in all our branches in an ethical, healthy, safe, environmentally friendly and socially responsible manner.

GOIL will continue to play a leading role in price setting so as to protect the interest of government in the deregulated environment. We will also continue to play a dominant role in the downstream petroleum industry with the support of patriotic Ghanaian consumers in order to ward off the dominance of hostile multinational companies.

This is also to avoid an undue hiking of petroleum fuel prices within the country, Mr Akorli said.

The shareholders applauded the out-going Board of Directors for the great feet achieved and decorated Mr Akorli with a calico for his accomplishment and challenged him to continue with the good works to ensure GOIL remains the number one OMC.

Source: Ghana News Agency

Bosomtwe Assembly confirms Asuming as DCE

Kuntanase (Ash), Mr. Joseph Kwasi Asuming, has received overwhelming endorsement by the Bosomtwe District Assembly as the District Chief Executive (DCE).

Forty-seven (47) of the members voted yes for him with three people, saying they disapproved of his nomination to the position.

The election was supervised by the Electoral Commission (EC) and witnessed by the Deputy Ashanti Regional Minister, Madam Elizabeth Agyemang and some leading members of the governing New Patriotic Party (NPP).

Mr. Asuming, until his appointment, had served as the Presiding Member of the assembly since year 2001.

He said he was grateful for the opportunity and pledged that he would not disappoint.

He was going to work with everybody to accelerate the development of the district, he added.

Source: Ghana News Agency

Bosomtwe Assembly confirms Asuming as DCE

Kuntanase (Ash), Mr. Joseph Kwasi Asuming, has received overwhelming endorsement by the Bosomtwe District Assembly as the District Chief Executive (DCE).

Forty-seven (47) of the members voted yes for him with three people, saying they disapproved of his nomination to the position.

The election was supervised by the Electoral Commission (EC) and witnessed by the Deputy Ashanti Regional Minister, Madam Elizabeth Agyemang and some leading members of the governing New Patriotic Party (NPP).

Mr. Asuming, until his appointment, had served as the Presiding Member of the assembly since year 2001.

He said he was grateful for the opportunity and pledged that he would not disappoint.

He was going to work with everybody to accelerate the development of the district, he added.

Source: Ghana News Agency