GRi Business, Economics & Finance

GRi Business, Economics & Finance 05 – 03 - 2003

Chamber of Commence to construct Warehouses

Inter-bank exchange rates of the cedi

Accra (Greater Accra) 5 March 2003 - The following are the average inter-bank exchange rates of major currencies against the cedi on Tuesday, March 4:

Currency Buying Selling

U.S. Dollar 8,443.64 cedis 8,632.73 cedis

Pound Sterling 13,362.06 13,665.61

Swiss Franc 6,325.24 6,464.03

Canadian Dollar 5,686.23 5,811.20

Danish Kroner 1,241.70 1,268.94

Japanese Yen 71.84 73.43

South African Rand 1,064.17 1,081.18

Euro 9,224.12 9,425.86

CFA Franc 14.06 14.37

Naira 66.86 68.36

GRi…/

Send your comments to viewpoint@ghanareview.com

Return to top

Amsterdam trade mission to Ghana

Amsterdam (Holland) 5 March 2003 - A City of Amsterdam trade mission headed by Mark van der Horst, Alderman for Port Affairs, is to depart for Ghana on Saturday 8 March.

The mission's programme includes visits to a number of shipping terminals, the opening of new company and a return visit to King Otumfo Osei Tutu II of the Ashanti. Van der Horst will also meet the President of Ghana and several of his ministers. Time has been allocated for a presentation about the Port of Amsterdam and port businesses will have the opportunity to intensify and extend their network of contacts.

Apart from the Amsterdam Port Authority (GHA), the principal participants in the trade mission are about ten port-related companies, the Amsterdam Chamber of Commerce and the Register Amsterdam. The latter, the body which runs the population register in the city, will be investigating opportunities for co-operation in the fields of register management, registration and verifications. There is also Ghanaian interest in bringing the current exhibition about the Ashanti people at Amsterdam's Royal Tropical Institute and Museum to the country.

The main purpose of the trade mission is to reinforce existing economic and administrative contacts, and to establish new ones, so as to forge a good relationship between Amsterdam and Ghana on social and port-related matters.

King Otumfo Osei Tutu II of the Ashanti paid a visit to Amsterdam in late June 2002, and in October last year Van der Horst went to Ghana to pave the way for the forthcoming trade mission. It is particularly important for Amsterdam as a traditional cocoa-processing region and the world's largest cocoa port to maintain stable relations with Ghana, one of the most important cocoa-producing nations on the west coast of Africa. The trade mission will return from Ghana on 14 March.

GRi…/

Send your comments to viewpoint@ghanareview.com

Return to top

Chamber of Commence to construct Warehouses

Tema (Greater Accra) 5 March 2003 - The Burkina Faso Chamber of Commence is to construct offices and warehouses in Ghana for the storage of transit cargo meant for Burkina Faso.

Victor Kassoum Fofana, Representative of the Chamber, who disclosed this to the Ghana News Agency on Tuesday, said the Ghana Ports and Harbours Authority (GPHA) had allocated plots of land at the Tema Port for the project.

He said the Chamber had been allocated 5,000 square metres each for the construction of two warehouses, an office complex and a fence wall. Fofana said the project would be completed in two years.

Fofana could not immediately tell the cost of the project, but said a similar project that was undertaken in Cotonou in 1993 cost 600m CFA. He explained that the Burkina Faso Chamber had such facilities also at Abidjan, and Lome, and the aim was to make importers gain confidence at their transit ports, "to give them the assurance that their imported items are safe."

The GPHA currently provides one of the sheds at the Tema port for the storage of transit goods. Three inland countries, Burkina Faso, Mali and Niger use the services of the Tema and Takoradi ports as their transit port.

GRi…/

Send your comments to viewpoint@ghanareview.com

Return to top