GRi Business, Economics & Finance 10 – 09 - 2002

Government urged to invest in Dzogbega Area

Main stock index sustains gains, but volumes low

 

 

Government urged to invest in Dzogbega Area

 

Accra (Greater Accra) 10 September 2002 - The chiefs and people of Vakpo Traditional Area in the Kpando District of the Volta Region, have appealed to the Ministry of Trade and Industry to help link them to foreign and local investors to establish a garden egg cannery in the area.

 

Togbe Gbogbolulu V, Paramount Chief of the Area, at the weekend said Vakpo and surrounding areas including Gbefi, Aneta and Anfoega area produced tonnes of garden eggs and it was on record that the best national garden egg farmers came from Vakpo.

 

Speaking at a durbar to climax weeklong funeral rites for Togbe Gbogbolulu IV, he said the chiefs and people were ready to give out a vast land for agricultural purposes, which would serve as employment for the jobless.

 

It would also curb the increasing migration of the youth to the urban areas in search of non-existing white colour jobs. He expressed regret that due to transportation and preservation difficulties most of the garden eggs got rotten leading to frustration and loss to the farmers.

 

Togbe Gbogbolulu appealed to the Ministry of Agriculture to rehabilitate or release to the people the defunct Animal Husbandry Department structures in the area, which were lying idle and were deteriorating to the people for use.

 

He has also requested the government to upgrade the Agadzi Clinic, the only clinic in the traditional area, to a polyclinic status to enable it to attend more effectively to the numerous patients.

 

He called on the government to rehabilitate the Kpeve-Kpando road. On discipline, Togbe Gbogbolulu said he had instituted plans with the various Sub-Chiefs as well as the Police to instil and maintain discipline among the citizenry. He cautioned the people against the HIV/AIDS menace and advised the youth to desist from premarital sex while the elderly should stay faithful to their partners.

 

Mr Seth Asorwoe Akwensivie, Kpando District Chief Executive, donated 30 million cedis on behalf of the District Assembly towards the Vakpo Water Project and pledged that the concerns of the people would be appropriately addressed.

 

He commended the chiefs and people of the Area for the peaceful, matured and exemplary way they conducted the burial and final funeral rites of Togbe Gbogbolulu IV. Those present included, Ms Sena Akua Dansua, Member of Parliament for North Dayi and Madam Esther Ofori of the Ghana International Trade Fair, Accra, who chaired the function.

GRi…/

 

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Main stock index sustains gains, but volumes low

 

Accra (Greater Accra) 10 September 2002 - The main stock gauge, the Ghana Stock Exchange (GSE) All-Share Index, on Monday sustained gains, but traded volumes slumped from Friday's close.

 

The index edged up by 1.03 points to 1,313.41 points from 1,312.38 points. The change in the year to date was higher at 37.39 per cent from 37.29 per cent. Shares traded slumped to 43,000 shares from Friday's 1,461,700 shares. Market capitalisation also moved up to 4,866.07 billion cedis from 4,863.97billion cedis.

 

In the broader market, there were three price changes, all gains Ghana Commercial Bank (GCB) was up by seven cedis at 3,328 cedis, Unilever (UNIL) gained nine cedis at 4,215 cedis and SSB Bank appreciated by four cedis at 3,866 cedis.

The following are the last prices of listed equities in cedis:

ABL                   380

AGC        18,801

ALW         4,000

BAT                   950

CFAO          66

EIC            4,500

FML          1,627

GBL                   900

GCB          3,328                     +7

GGL                  912

HFC                  955

MGL                  254

MLC                  261

MOGL      19,705

PAF                   750

PBC                   440

PZ              1,850

SCB          26,005

SPPC                 387

SSB           3,866                     +4

SWL                  285

UNIL         4,215                     +9

CMLT               460

GRi…/

 

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