Skip to main content

Work on perishable cargo centre begins

By Kofi AHOVI
Construction work has commenced for the establishment of a Perishable Cargo Centre (PCC), estimated at US$2.5 million at the Aviance Cargo Village in Accra

The PCC, which will store fruits and vegetables for export, is expected to be part of an integrated cold chain for the horticultural sub-sector, which is required to achieve better produce quality and higher export market prices.

It would also enable exporters to maintain produce quality to meet international standards of the high-end export market.

The project, funded by the Millennium Challenge Corporation (MCC) of the United States, is being implemented by MiDA, Ghana.

Hannah Tetteh, Minister of Trade and Industries, performing the sod-cutting ceremony, called on exporters of horticultural products to take advantage of the facility to protect their produce to meet international certified standards.

She expressed dissatisfaction that some stakeholders in the international export community complained about the fallen standards of quality export produce, stressing that the PCC project, when completed, would forestall the situation.

Tetteh underscored the importance of access to market, which is equally as critical as finance is to business.

She stressed the importance of maintaining the PCC facility to serve the intended purpose.

Doreen Owusu-Fianko, Managing Director of Ghana Airports Company Limited (GACL), expressed the hope that the provision of PCC would position Ghana to attract both local and foreign investments in the export business, as well as augment the country's freight output.

"Our investigation indicated that importers were rejecting our produce due to poor handling from Kotoka International Airport as they claimed these products failed to meet safety and international certification standards," she said.

Owusu-Fianko said GACL had provided a 2.86 acre land for the project and pledged their commitment towards partnering with the Millennium Development Authority (MiDA) to provide world class gateway infrastructure and operations at the airport.

"The project is part of government's agenda to address the reduction of rural poverty through targeted agricultural, transportation related and social infrastructural interventions through the MiDA," she said.

Comments

Popular posts from this blog

MTN Ghana & MTN MoMo CEOs win laurels at Ghana CEO Awards

  The Chief Executive Officer of MTN Ghana, Selorm Adadevoh ,   has been adjudged  CEO of the Year  –  Telecom  at the  2 nd  edition of the  Ghana CEO  Vision  and  Awards   held  in Accra. At the same event, the CEO of Mobile Money Limited (MTN MoMo), Shaibu Haruna was also adjudged CEO of the Year – FinTech Service Provider. Selorm  Adadevoh’s award  is in recognition  of  his   achievements   in the areas of   sustainability, leadership excellence, innovation and others  in the telecoms space  which  has contributed to  job creation to support the  growth of Ghana’s economy. Patrick Afari (r), General Manager, Supply Chain Management and General Services receiving CEO of the Year – Telecom Award on behalf of Selorm Adadevoh Receiving the award on behalf of Selorm, Patrick Afari, General Manager, Supply Chain Management and General Services ,  expressed appreciation to the organizers for the award. He  noted that  th e  award will go a long way to inspire MTN to do more for Ghanaian

EB-ACCION DISBURSES US$15 MILLION

By Fred SARPONG Ecobank-Accion (EB-Accion), a partnership between Ecobank Ghana Limited and Accion International has disbursed amount to the tune of $15 million to over 36,000 borrowers in Micro, Small and Medium Enterprises (MSMEs) sector in the country, since the institution was set up barely six months ago. Frances Adu-Mantey, the Managing Director of EB-Accion disclosed this to Business Week in Accra last week during the official opening of Accion Hub headquarters in Africa. The institution’s current portfolio stands at GH¢4 million. She stated that currently, EB-Accion have over 6100 customers who save with them throughout the four branches of the institution. According to her, in order to improve the services of the institution, Ecobank Share Services center will facilitate the technology aspect of the bank by networking all the branches of EB-Accion. Maria Otero, President and Chief Executive Officer of Accion International said that the center’s staff in Accra will provide supp

Amantin & Kasei Community Bank posts impressive growth, with over GH¢1m profit

 Amantin and Kasei Community Bank, at Amantin in the Bono East Region has posted impressive growth in all the performance indicators during 2022 financial year under review. The bank recorded profit after tax of GH¢1,055,662, representing 35.66% more over the 2021 figure of GH¢778.151. This achievement stemmed out of 49.24% gross income growth from GH¢8,143,526 to GH¢12,153,537. Total deposits of the bank went up by 36.20%, changing from GH¢50,959,848 in 2021 to GH¢69,405,591 in 2022. The bank increased loans and advances by 22.15% from GH¢14,128,017 to GH¢17,257,614. Total assets showed an appreciation of 29.32%, amounting to GH¢77,918,288 as against GH¢60,250,693 in the previous year. On the other hand, the bank posted a marginal increase in short term investments portfolio from GH¢24,439,761 to GH¢26,585,698, indicating 8.78% change. The Chairman of Board of Directors, Amantin and Kasei Community Bank, Dr. John Oduro-Boateng, disclosed this during the 18th annual general meeting of