GRi BEF News Ghana
07 - 06 - 2001
Accra
bourse index continues modest gains
Accra
(Greater Accra) 07 June 2001
An initial
fund has been set up to begin the settlement of insurance claims for victims of
the Airlink crash exactly a year ago, the State Insurance Company said on
Wednesday.
"All
other procedures for determining the various amounts payable to each claimant
are underway and payment will be effected soon."
A statement
signed by Mr. Victor Kusi-Yeboah, Acting Managing Director, said: "SIC in
conjunction with Reinsurance Brokers, AON Aviation of London represented by
Beamonts and Sons of UK, concluded the arrangement for the claim of settlement
in Accra last week".
It,
however, said the fund would cater for people who have put in their claims
adding that the company has so far received claim applications from 16 victims.
SIC
appealed to victims who have not notified the AIRLINK of any injuries to do so
in their own interest.
On June 6,
last year, Airlink's Fokker 27 aircraft on a normal domestic flight from Tamale
to Accra with 52 passengers crashed at the threshold of the Kotoka
International Airport killing six persons and injuring several others.
GRi../
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Tema
(Greater Accra) 07 June 2001
The
Ministry of Food and Agriculture (MOFA) on Tuesday announced tough measures
aimed at injecting sanity into the country's fishing industry to ensure
efficient management and preservation of marine resources.
Under the
measures, all fishing vessels are now required to obtain permits from the
Fisheries Directorate of MOFA, which would be inspected by the Port Authorities
and the Customs, Excise and Preventive Service (CEPS) before they sail.
Fishing
Vessels are also expected to carry on board their fishing licences for
inspection on high seas by the patrol team from the Monitoring, Control and
Surveillance (MCS) Division of the Ministry and the Ghana Navy.
Mr Alfred
Tetebo, Head the MCS Division of the Ministry, announced these at a meeting
between boat owners and Mr Ishmael Ashietey, Minister of State for
Fisheries.
Mr Tetebo
said, henceforth, the importation of fishing nets would be inspected by the
Fisheries Department and CEPS and all nets meant to be used as sponge would
have to be cut into the sizes of sponges before they are brought into the
country.
Importers,
who are in doubt about the legal mesh sizes allowed in the country, should
contact the directorate for advice before importing their nets to save them the
embarrassment of having their nets burnt.
Mr Tetebo
said all fishing companies, which have the permit to import fish or expecting
vessels, are also now required to notify the Directorate and CEPS seven days
before their vessels arrive.
This is
meant to curtail the practice whereby some vessel report at irregular times,
especially weekends, when all government offices have been closed to enable
them to carry out certain fictitious deals.
Mr Tetebo
also announced that all fishing vessels arrested for illegally fishing at 30
nautical miles to the coast, would forfeit all their catch to the state instead
of 50 per cent as was in the past, and would face prosecution as well.
Those,
which would like the their vessels to be released to them while the court case
is pending would have to deposit 50 per cent of the value of the fishing gear
with the court.
The fishing
licence fees would be revised with effect from July 1.
GRi../
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Accra
(Greater Accra) 07 June 2001
The GSE-All
Share Index, the main market indicator, was up by 0.21 points on Wednesday when
a 100-cedi gain by Mobil Oil Ghana Limited pushed it up.
The index
ended up under heavy bearish sentiments at 895.90 points from 895.69 points at
the previous close.
Traded
volumes were up modestly at 276,400 shares thanks to Aluworks, which sold
253,300 shares.
The change
for the year to date now stands at 4.42 per cent.
Mobil Oil
Ghana Limited (MOGL) recorded the only price change. It again made 100 cedis to
close at 19,300.
Market capitalisation ended slightly up at
3,715.98 billion cedis from 3,715.57 billion cedis.
The
following are the last prices of listed equities in cedis:
ABL 630
AGC 18,500
ALW 7,100
BAT 550
CFAO 60
EIC 2,890
FML 800
GBL 1,300
GCB 1,600
GGL 900
HFC 952
MGL 240
MLC 130
MOGL 19,300 +100
PAF 300
PBC 450
PZ 640
SCB 21,000
SPPC 301
SSB 2,300
UNIL 1,800
CMLT 425
GRi../
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