Diamond
Cement to stop lifting cement from Togo
Accra (Greater Accra) 20 September 2002-
Finance Ministers of Commonwealth member countries would meet at the
Commonwealth Institute, London, from 24 to 26 September 2002, according to
release from the Commonwealth Secretariat in London.
Commenting on the meeting, Commonwealth
Secretary-General Don Mckinnon said: "Finding practical ways to deal with
problems faced by the world's poorest people - more than half of whom live in
the Commonwealth - is vital and Finance Ministers will attempt to do just
that."
Queen Elizabeth II, Head of the Commonwealth
would open the meeting that would be chaired by The United Kingdom's Chancellor
of the Exchequer, Gordon Brown. Ministers and delegates from the 52 member
countries and the World Bank President James Wolfensohn would participate.
It would discuss the progress made by Highly
Indebted Poor Countries (HIPC) in debt reduction and hear proposals to improve
the current initiative to ensure that these countries achieved a sustainable
exit from their debt problems.
A special theme of the meeting, which is
being hosted by the UK Government, would be: "Delivering the Monetary
Consensus" and would seek to agree on practical ways of advancing what was
decided at the "UN Summit on Financing for Development" in Monterrey,
Mexico on "Promoting Sustainable Economic Development and the Achievement
of the Millennium Development Goals.
GRi…/
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Aflao (Volta Region) 20 September 2002-
Diamond Cement Ghana Limited (DCGL) at Aflao would stop lifting cement from
WACEM, its sister company in Togo by the end of this month when its weekly
production of 1,200 tonnes is expected to double.
Mr Chitti Babu, Managing Director of DCGL,
who stated this in an interview with the Ghana News Agency, said WACEM cement
imported into the country was sent to Tema for up country markets while markets
in the Volta and Eastern Regions were supplied from the Aflao Plant.
He said DCGL's ordinary Portland cement was
comparable to any other cement on the market and expressed the hope that the
company's market share in Ghana would increase.
Mr Babu described the Ghanaian business
environment as very cordial. DCGL, which started test production in July, went
into actual production in August. The
Company's current target production level for the Ghanaian market is 600,000
tonnes annually.
GRi…/
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