Minister calls for aggressive approach to woo mining investors
Accra (Greater Accra) 16 February 2002 -The State Insurance Company (SIC) and the Ghana Post Company (GP) on Tuesday announced a collaborative effort through which customers could renew their Motor Insurance Cover in various Post Offices in the country.
Under the deal prospective customers can pay their premium and pick up their completed motor insurance certificates and stickers at the designated Post Offices in three days. The pilot phase of the project, which will be launched later this month, would be in some Post Offices in Accra, Tema, Kumasi and Sekondi-Takoradi.
At a joint press conference in Accra to announce the partnership, the Head of Information Systems Division of SIC, Mr Romeo Bugyei said the move was part of the company's efforts to refocus and bring its activities closer to its clientele.
He said SIC would tap the network of branches of GP across the country to bring its services to the clients and save them the frustrations they had to go through to renew their Insurance covers.
Mr Kojo Safo, General Manager Planning and Projects, Ghana Post, said they have put in place adequate security measures to ensure that those certificates and stickers that would be posted get to their rightful owners.
Mr Samuel Adu Boafo, General Manager, Operations said GP's past experience from similar alliances with other companies would guide its partnership with SIC to their mutual benefit.
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Accra (Greater Accra) 16 February 2002 - The government on Friday announced the reconstitution of the Governing Board of the Ghana Investment Promotion Centre (GIPC) with Mr Paul Victor Obeng, a former key figure in the Provisional National Defence era, as Chairman.
A statement signed by Mr Kofi Sekyiamah, Chief Director of the Ministry of Information and Presidential Affair said Mr Obeng, who is Chief Consultant of OB Associates, was retained as Chairman of the Board.
Other members are Mr Kwasi Abeasi, Chief Executive of GIPC, Mr Kofi Agyeman, former Managing Director of the Ghana Commercial Bank, Mr Kwabena Ohene Manu of Oyster Health Care Limited, and Mr B.A.A. Williams, a private businessman.
The others are Mrs Elizabeth Villars, Managing Director of Camelot and President of the Association of Ghana Industries, Mr G. D. Apatu of the Ministry of Finance and Mr K. N. Antuahene of the Ministry of Trade and Industry.
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Accra (Greater Accra) 16 February 2002 - The GSE All-Share Index moved up on Friday maintained its tempo, thanks to a 90-cedi gain by Unilever Ghana Limited (UNIL).
The index closed up by 2.91 points from at 961.75 points to 964.66 points. UNIL, the only mover, closed the day at 2,500 cedis after selling 2,510,000 of the 2,617,300 shares that changed hands. The equity gained nine cedis last Wednesday. Six other equities sold the remainder.
Change for the year was also up at 0.91 per cent from 0.61 per cent. Market capitalisation also closed higher at 3,920.91 billion cedis from 3,915.28 billion cedis.
The following are the closing prices of the equities in cedis:
ABL 320
AGC 18,800
ALW 4,300
BAT 627
CFAO 60
EIC 3,117
FML 950
GBL 1,000
GCB 1,580
GGL 910
HFC 950
MGL 241
MLC 146
MOGL 18,502
PAF 750
PBC 450
PZ 1,051
SCB 20,551
SPPC 342
SSB 2,200
UNIL 2,500 +90
CMLT 430
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Accra (Greater Accra) 16 February 2002 - The Minister of Mines, Kwadwo Adjei Darko has said that Ghana should adopt an aggressive approach to woo mining investors into the country.
This was because other countries on the continent were adopting such strategies to attract scores of investors into the sector, Mr Darko, told newsmen at the airport on his arrival from South Africa where he attended a conference on: "Investing in Africa mining."
He was accompanied Mrs Joyce Wereku Brobbey, Chief Executive of the Ghana Chamber of Mines and Mr Ben Aryee, Acting Chief Executive, Ghana Minerals
Commission.
The five-day conference, which was opened by the South African President, Thabo Mbeki and was attended by 1,500 participants including 20 African ministers as well as officials from mining companies, financial institutions other technical experts from Europe.
The Minister presented a paper on: " Ghanaian minerals and mining challenges; the way forward." Mr Darko observed that with the availability of technology for land reclamation mining companies and the Chamber of Mines would aid government efforts at reforestation of degraded mining sites.
He noted that Ghana was fast losing its position as a leading producer of gold on the continent and that stringent measures; including the revision of the mining laws was needed to stem the tide. He said the issues discussed at the conference included: "Financing of mining: "Sustainability of mining" and "Land reclamation".
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