Suqian City delegation explore economic potentials in E/R

Koforidua- A seven member delegation from Suqian City in Northern Jiangsu Province of the People’s Republic of China, has visited the Eastern Region and signed a memorandum of understanding with the Eastern Regional Coordinating Council.

The visit formed part of efforts to strengthen bilateral ties between the City of Suqian and the Eastern Regional Coordinating Council as well as explore business opportunities in the Region to promote economic growth and create jobs for the people.

The parties agree to foster and promote cooperation in investment, sustainable industrialization, export development, solution oriented research, science and technology development as well as trade and commerce.

The Eastern Regional Minister, Mr Eric Kwakye Darfour, briefing the delegation said the Akosombo and Kpong dams present a high potential for irrigation farming, inland fishing, water transport, sports and tourism as well as sources for drinking water for settlements.

He said the extensive range of forest island such as the Atewa-Atwaredu , Akuapem and the Krobo and Shai hills have plains and heights that offer various potentials for agriculture production and industrial development.

Mr Darfour said the Region was endowed with minerals such as gold, diamonds, bauxite, limestone, Kaolin and clay, however, gold and diamonds were the commercially mined minerals.

He expressed the belief that such resources could be leveraged and used to develop the Region and create more jobs for the inhabitants.

We know the capacity of China, its influence in industry, commerce, education and we would want to take advantage of what you can offer, he emphasised.

He then assured the delegation that the Regional Coordinating Council will help facilitate the activities of business investors from China who intended to explore business and economic potentials in the Region.

The Deputy Executive Director of the Standing Committee of Suqian Municipal People’s Congress, Mr Ye Hui who led the delegation, said their city had an area size of 8,555 meter square with a population of 5,910,000.

He said the city produced mechanical and electrical equipment, food and beverage, textile and clothing, green building materials, laser equipment, smart household equipment and fashionable materials.

The Chinese delegation was accompanied by two Ghanaians Duku Kofi Benneh and Ms Irene Okyere through whose efforts made the Suqian City to delegate people to explore business potentials in the Region.

The team as part of their activities visited the Cocoa Research Institute of Ghana (CRIG) at New Tafo.

Source: Ghana News Agency

Daffodil International School celebrates Yellow Day

Accra- Daffodil International School, – a private educational institution, which runs a pre-school, kindergarten and elementary education, has introduced a unique event dubbed “Yellow Day”.

The event, which would be celebrated periodically is aimed celebrating colours, since the world is made of colours.

The school, which derives its name from Daffodil Plant, is a predominantly yellow and sometimes features a bit of yellow in its white species, introduced the day to enable pupils to recognise and identify colours at an early age.

It is also aimed at helping pupils to create the cognitive link between visual clues and words, which are vital to development.

The Yellow Day of the 2018/2019 Harmattan (Autumn/Winter) term, which was held on October 5, according to the school was meant to fall in line with the colour of the school, which coincidentally is yellow.

As most sub-saharan African countries enjoy a rather humid weather this time of the year, with a generous amount of sunlight, browns and even dust; it is nostalgically thematic that the colour yellow was chosen.

For Daffodil International School, yellow represents the beautiful daffodils which stand for hope. The gold (yellow) of the Ghanaian flag represents the riches in mineral, which Ghana is notable for.

Gold which is significant for all that it symbolises in our world today, is a lustrous and precious derivative of the colour yellow.

Sweet yellow peppers, pineapple, corn and banana are just a few fruits and vegetables packed with nutrients; also, a variety of food crops blossom in beautiful shades of yellow when they are ripe.

This is a laudable initiative of the school which carried both pupils and parents along for the colour display of shades of yellow on Colour Day this month. Pupils and parents alike enjoyed a fun learning experience. Hopefully, some male parents left a better knowledge of the colour wheel.

Daffodil International School whose slogan is, Academic and moral excellence! currently runs a Preschool which covers CrAche (from 3months) to Kindergarten (2 -5 years) education, also Primary, Elementary School curriculum from Grade 1 to 4.

The school is located at Adu Gyamfi Avenue, New Sebrepor (near the Coastal Estates), Tema hopes to expand its educational reach to both the BECE and British programme from grade 7.

Source: Ghana News Agency

Aggrieved customers of Menzgold in WR call for locked up cash

Tarkwa (W/R), Hundreds of customers of Menzgold Ghana Limited branch in Tarkwa of the Western Region have warned the management of the gold trading company to pay their principal investments within four weeks.

According to the customers, they would not accept the three months stipulated by the company as they had failed woefully in their promise of payment scheduled.

Addressing the media at a News conference in Tarkwa, Mr Clement Cliton Blay, coordinator of the aggrieved customers of Tarkwa Menzgold, hinted that over 80,000 people have been affected in the Western Region.

He said most of them were from Tarkwa Nsueam, Prestea Huni/Valley, Ahanta West, Takoradi, Nzema and beyond.

Mr Blay stated that investors throughout the country lost absolute trust in the management of Menzgold as they had consistently failed to honour every pledge they communicated to investors.

The Co-ordinator said the legal action taken by the gold trading firm was just a deliberate attempt to wipe away time. Customers will not accept any further smart acts of diversion and unnecessary Social media drama” he indicated.

He therefore, called on the government to intervene as soon as possible as this matter could cause serious implications on the nation’s security, safety, health and the economy as a whole.

Naa Mohammed Samburo II, a former staff of Goldfields and client of Menzgold, told the Ghana News Agency (GNA) after the News conference that for the past four months, customers of Menzgold had gone through hardships as they had invested their entire livelihood with them.

According to him, he was dismissed by his employers and how to retrieve his one million Ghana cedis with the dividend had become a challenge.

Naa Samburo bemoaned that he cannot pay his ward’s fees, rent and utilities bills.

“Tarkwa has become a ghost town, a lot of people are in-doors because they are owing and their debtors are chasing them everywhere” he pointed out.

He asked the Chief Executive Officer of Menzgold Ghana, Nana Appiah Mensah alias NAM 1 to let the monies reflect in their respective bank accounts else they would come after him and further appealed to the Securities and Exchange Commission (SEC), the Government and Bank of Ghana (BoG) to step in to find amicable solution to the problem.

The gold trading firm’s activities came to a standstill on September 13, 2018, following a directive from the BoG.

Source: Ghana News Agency

Sixth Ghana Build Trade Exhibition Fair launched

Accra, The Sixth Ghana Build International Exhibition Fair will take place at the Ghana International Trade Fair Centre from November 15 to 17 this year.

The exhibition is expected to attract over 108 exhibitors from Turkey, United Kingdom, South Africa and Nigeria.

It would also bring together international manufacturing companies and investors.

Speaking at the launch of the fair, Mr David Peter Quartey, a Chartered Construction Manager, said the three-day exhibition was geared towards fostering partnership and synergy between the Government of Ghana and the Government of Turkey through the private sector in the implementation of good policies and initiatives that would benefit the two countries.

The exhibition is being held by Esty Shipping Company Limited, in collaboration with the Ghana Embassy in Turkey, under the auspices of the Ministry of Trade and Industry, the Ministry of Works and Housing and the Ghana Chamber of Commerce and Industry.

During the exhibition, Mr Quartey said there would be on display, new construction methods, innovations and technologies for adaptation, through the use of foreign expertise but local wisdom.

Additionally, Mr Quartey said, small, medium and large businesses would have the opportunities to interact with exhibitors, government delegation who would explore opportunities in mining, agriculture, railway, among others to the benefit of Ghana.

Mr Quartey said currently there were innovations in the construction industry, which Ghana needed to tap into the expertise to boost the operations of the real estate industry.

Currently there are new methods and innovations which Ghana would have to adapt. We are encouraging all business communities to come and exhibit, participate and visit this year’s Ghana Build Expo. Come meet your next business partner for development and expansion.

Mr Quartey said, the exhibition would help boost infrastructure development, adding that infrastructure was critical to sustainable community development. The infrastructure we are building today will help shape tomorrow’s communities.

Mr Oscar Asamoah Baffour Head of Marketing and Public Relations, Ghana international Trade Fair Centre, said the government would give technical support and empower the private sector to employ innovations in their operations.

Source: Ghana News Agency

AGI demands further downward review of electricity tariffs

Kumasi, The Association for Ghana Industries (AGI) has pleaded with the government to further reduce electricity tariffs to enable manufacturing industries survive.

Mrs. Gyamfua Owusu-Akyaw, the Ashanti and Brong-Ahafo Regional Chairperson, AGI, speaking at the 19th Annual General Meeting (AGM), of the AGI in Kumasi, said the AGI appreciated the current reduction, but the rate is still high.

She commended the government for the numerous policies and initiatives to facilitating industrial growth such as the single window clearance, abolishing of nuisance taxes and stimulus packages for both distressed companies and the 1D1F policy among others interventions.

The Chairperson however indicated that the high rate of some taxes and levies, environmental protection tax, import duties on raw materials, municipal and district billboard levies were also sources of maximum concern due to its potential to stifle industrial growth.

Mrs Owusu-Akyaw spoke of what the AGI was doing in assisting to resolve some of the challenges their members in the two regions were facing following complaints from members especially with regard to the accessibility of the government’s stimulus package and the One District One Factory (1D1F) initiative.

The meeting, which was held under the theme Addressing the challenges of doing business in Ghana, was aimed at taking stock of the Association’s activities over the past year, access current circumstances and use lessons learnt to inform actions that enhanced operations and growth of business.

Mrs. Owusu-Akyaw said that they were focusing on achieving efficient operations by eliminating major bottlenecks, especially for new entrants to the industry.

Mr. Simon Osei-Mensah, Ashanti Regional Minister, reiterated that government was growing the economy and creating wealth for the people through private sector empowerment, urging all business owners to support the various government initiatives.

The government has therefore taken steps to restore the micro-economic stability and shifted the focus of economic management from taxation to production.

Mr. Osei-Mensah called on the AGI to be captains to lead production activities in the country.

He recommitted their continuous support to the private sector and stabilizing the economy.

Source: Ghana News Agency