GRi Business, Economics & Finance 18 – 09 - 2002

Barnabas Trade delegation meet members of Ghanaian Chamber

Canada's Golden Star acquires Wassa Gold Mine

Unilever ready to assist President's special Initiative on Oil Palm

 

 

Barnabas Trade delegation meet members of Ghanaian Chamber

 

Accra (Greater Accra) 18 September 2002- A three-member trade delegation from the Barnabas Mission in the United States (US) on Tuesday met with members of the Ghana

Chamber of Commerce and Industry in Accra to explore ways of enhancing trade in Ghanaian handicrafts on the US market.

 

The Barnabas Mission, which is a non-profit making organisation, is looking forward to networking with crafts-men and other indigenous producers to create long-term opportunities for export of baskets, carving, cloth and other materials in the US market.

 

Under the deal, Ghanaian producers would export specific goods required by the Mission for a fifty percent down payment and the rest of the amount to be settled after the goods were sold.

 

Mr Ken Porter, the Director of Mission said the basic idea was to combine evangelism with economic development to ensure equitable economic development and enhance the work of artists in the sub-region.

 

He expressed the hope that through the sales, the Mission would be contributing directly to enhancing the economic well being of the people as well as to expand on its charity work in the country.

 

Mr Porter asked the producers who would like to take advantage of the offer to improve on the quality, saying this was important to ensure a guaranteed market.

 

Members of the Mission would hold individual discussions with the entrepreneurs to discuss the details.Mr Sal Amegavie, Executive Director of the Ghanaian Chamber asked members to avail themselves of such opportunities to expand their business activities.

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Canada's Golden Star acquires Wassa Gold Mine

 

Accra (Greater Accra) 18 September 2002- Canada's Golden Star Resources Limited has completed the acquisition of a 90 percent interest in the Wassa goldmine in Ghana, a company source told Ghana News Agency (GNA) on Tuesday.

 

The source said Golden Star had reached a further agreement with the syndicate of lenders on the restructuring of arrangements for financing the acquisition.

 

The company will now start a feasibility study and development programme at the site with exploration already underway, the source added, quoting company President and Chief Executive Officer Peter Bradford.

 

Golden Star holds a 90 percent equity interest in the Bogoso/Prestea open-pit gold mine and a 45 percent managing equity interest in the Prestea underground mine in Ghana.

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Unilever ready to assist President's special Initiative on Oil Palm

 

Accra (Greater Accra) 18 September 2002- Mr Antony Burgmans, Chairman of Unilever (NV) on Tuesday pledged the company's technical support to President J A Kufuor's Special Initiative on Oil Palm. The Initiative was inspired by his recent trip to Malaysia where the produce is maximally utilised for industrial and domestic use.

 

Mr Burgmans made the commitment when he held discussions with Vice President Aliu Mahama on Ghana's socio-economic development and Unilever's contribution to the process. Trade Minister Dr Kofi Konadu Apraku, Information and Presidential Affairs Minister Jake Obetsebi-Lamptey and Mr Ishmael Yamson, Chairman of Unilever Ghana were at the meeting.

 

Mr Burgmans, who ends his three-day visit to the country today, said the Company's extensive experience in the plantation and use of oil palm would be shared with Ghana. Unilever has plantations in Benso and Twifo, all in the Western Region.

 

The Chairman of the Netherlands side of the Anglo-Dutch company accepted a proposal to Unilever to technically assist local small-scale manufacturers to produce packaging materials. Mr Burgmans said: "We have decided to limit the production of packaging materials, but we have the technical know-how so we can build your capacity to produce so that we can buy from you."

 

He said he was impressed with the cooperation that had existed between Unilever and Ghana over the years, saying the situation had contributed to the success of the company, which now pays more than 200 billion cedis annually in taxes to the country.

 

Mr Burgmans encouraged Ghana to pursue its democratic governance alongside strive for socio-economic development. Vice President Mahama lauded the Company's firm belief in social responsibility, saying its contribution to education and manpower development was worthy of emulation.

 

He called for partnership to promote peace and stability, poverty reduction, education and agricultural growth under the NEPAD programme. Vice President Mahama said Ghana wanted to put its economy on track, create jobs and prosperity for its people, adding that it needed Foreign Direct Investment to succeed. Mr Jake Obetsebi-Lamptey urged Unilever to use its connections in international business to link Ghana up with major investors.

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