GRi Business, Economics & Finance 17 –
04 - 2003
Accra (Greater Accra) 17 April 2003-
Ghana would host a European Union (EU) – West African Regional Ministerial
meeting on Thursday 24 April a statement by the Trade and Industry Ministry said
in Accra on Wednesday.
The conference aims at deepening
the process of establishing a unified regional market for the purpose of
eradicating poverty and smooth integration of the Region into the global
economy.
It would involve Ministers of
Trade and Finance and EU Commissioners for Trade, as well as National Authorising
Officers of the European Development Fund (EDF), the ECOWAS Secretariat and the
UEMOA Commission.
The conference is in furtherance
of the decision of ECOWAS Authority of Heads of State and Government to
negotiate a Regional Economic Partnership Agreement between
It would deliberate on key
issues including objectives, achievements, and preparations for the second phase
of the Economic Partnership Agreement (EPA) negotiations; development finance
in the West Africa plan of action and negotiations of the Doha Development Round
and its relations with ACP-EU Economics Partnership Agreement.
It would also negotiate a regional
EPA between
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Currency Buying
Selling
Cedis
Cedis
U.S. Dollar 8,524.45
8,714.00
Pound
Swiss Franc 6,152.52 6,288.16
Canadian Dollar 5,892.00
6,020.43
Danish Kroner 1,245.08
1,272.49
Japanese Yen 70.97
72.53
South African
Euro 9,244.92 9,449.58
CFA Franc 14.09 14.41
Naira 68.45
69.97
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Accra (Greater Accra) 17 April 2003-
Vice President Aliu Mahama on Wednesday commended the Swiss Government for
giving Ghana 10 million dollars budgetary support and called for its assistance
to build of steel bridges to facilitate rural development.
He also appealed to the Swiss
Government to support NEPAD to promote good governance, eliminate poverty,
illiteracy and diseases in
He also thanked the Swiss
Government for its assistance to small and medium sized companies and the
health and education sectors. "You also provided logistics towards the
resolution of the Ivorian crisis," he said. "We are grateful, but we
do not want you to be discouraged by the hitches in the peace process. We are
determined to restore long-lasting peace to
Vice President Mahama tasked the
Ambassador to link Swiss business people to their Ghanaian counterparts for
their mutual benefit and to promote the "Golden Age of Business". He
pledged government's determination to ensure the rule of law and the growth of
democracy.
Zubler said his government's assistance
to the budget was in recognition of the good policies being pursued by
"Our decision to support
the budget for the first time was based on the determination of your government
to promote the rule of law and ensure good governance." Zubler mentioned the agreement it signed last year to
extend a credit facility with the Ghana Commercial Bank to refinance a credit facility
in aid of small and medium sized companies as another indication of his
government's commitment to support
Additionally, he said,
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The rally was recorded on the
back of Unilever, which gained 292 cedis ahead of an Annual General Meeting on
Thursday. A total of 213,800 shares changed hands, with Cocoa Processing
Company selling 162,000 shares to lead the pack. Unilever and Ghana Commercial
Bank were among equities that had their shares traded selling 30,100 and 8,300 shares,
respectively.
There were four positive price
changes. Unilever gained 292 cedis to close at 6,300 cedis, PZ went up by eight
cedis at 2,040 cedis, Mechanical Lloyd made two cedis at 312 cedis and Fan Milk
was up one cedi at 2,201 cedis. Market capitalisation was up at 7,696.88 billion
cedis compared to 7,678.31 billion cedis on Monday.
The following are the last
prices of listed equities in cedis:
ABL 426
AGC 28,500
ALW 4,300
BAT 1,300
CFAO 72
CPC 630
EIC 5,005
FML 2,201 +1
GBL 531
GCB 5,400
GGL 1,218
HFC 1,230
MGL 258
MLC 312 +2
MOGL 19,761
PAF 750
PBC 390
PZ 2,040 +8
SCB 32,001
SPPC 390
SSB 6,621
SWL 285
TBL 5,010
UNIL 6,300
+292
CMLT 460
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Kwesi Osei-Adjei, outgoing Deputy
Minister of Trade and Industry, who announced this at a meeting with various
market queen mothers in
Three companies have already
been identified to manufacture the packaging cases with funds from the Export
Development Investment Fund (EDIF). The market queens, representing the various
vegetables associations in Makola, Agbogbloshie, Kaneshie and Kantomato, all in the Greater Accra Region attended the
meeting, which was a follow-up to a previous interactive meeting held a week
earlier.
A representative from
Osei-Adjei said to ensure that
domestic trade activities flourished there was the need for such interactions
between the Ministry, which directly handled trade activities and the traders
who sold to consumers.
He said the government's
"Golden Age of Business" initiative did not only cover the big firms
but the activities of the traders, who also paid taxes to generate revenues for
national development.
He advised the traders to ensure
that foodstuffs were sold at reasonable prices to make life comfortable for
both the consumers and the traders. The Deputy Minister also urged the traders
to negotiate well with the farmers and to pay them well for produce sold to
them.
He again advised the various
market associations to ensure that their vehicles that transported them to and
fro were insured and were properly maintained before they travelled on them. Madam
Lydia Afoley Anum,
Spokesperson for the queens and Treasurer of the Makola
Tomato Traders Association, said the main problem they faced was lack of enough
space to off-load foodstuff, which led to some of the produce perishing.
She said most times, their
produce got spoiled because of poor packaging and thus making them to go
bankrupt. She, therefore, thanked the government for its decision to help in
that direction and appealed to it to do all it could to make trade activities flourish.
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