Brief Report UKGCC Business climate survey report launch

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The UKGCC successfully launched its maiden Business climate survey report for 2019 on 12 March 2020 at the Accra Marriott Hotel. The launched was done by the Deputy Minister for Trade and Industry, Robert Ahomka – Lindsay.
The forum was sponsored by the UK Government’s Department for International Development (DFID) and coordinated by the Graphic Communications Group.

In her welcome address, Ms. Adjoba Kyiamah, the Executive Director of the UKGCC highlighted the significance of the survey in capturing the key challenges and pulse of the business environment from the perspective of the private sector. She announced that the next survey would be conducted in June this year as a yearly activity on the Chamber’s calendar.

Mr. Colin Sykes, Regional Prosperity Head at the British High Commission representing the High Commissioner, noted that the recommended strategies in the report, fell within the framework of the UK’s relationship with Government of Ghana through the UK-Ghana Business Council. He added that the report would help guide the private sector and Government on which areas to channel the most effort.
In his keynote address, the Deputy Minister of Trade and Industry, Mr. Robert Ahomka – Lindsay reinforced the government’s objective of improving the economy and the business environment by highlighting its commitment and the role of the private sector. He said government was working hard by rolling out policies and improving the regulation and fiscal space, as well as drawing the framework for effective industralisation, such as Local content law, Competition Law, IP rights, amongst others.
He called on the private sector to deepen its commitment and contribution to creating jobs and eradicating poverty by providing support services and investing in the manufacturing sector. He encouraged UKGCC members who were small, medium and micro enterprises to take advantage of the opportunities in the economy and scale up their businesses to significant levels.
The Deputy Minister emphasized government’s dedication to the fight against corruption, through its digitization programme and public sector services reform being championed by the Vice President of Ghana. He further hinted that strategies to fast-track the process of manufacturers scaling their operations and leveraging on opportunities like AfCFTA were being made; stating that various government working groups have been set up to engage with all relevant stakeholders in supporting the private sector’s expansion in the context of the AfCFTA.
In her concluding remarks, Ms. Adjoba Kyiamah stated that the UKGCC is keen on setting up a working group with the Ministry of Trade & Industry that will be responsible for:
• discussing and recommending solutions to the challenges raised in the report; and
• working together with government in determining how these recommendations can practically be implemented

The Legal and Business Impact of COVID-19 by Aziza Atta

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Aziza Atta, a senior lawyer and Of Counsel with Egality Law, discusses some of the legal and business implications of the COVID-19 pandemic. Aziza is a UK qualified corporate and commercial lawyer with over 19 years of legal experience of advising multinationals, regulatory institutions and governments in the UK, Europe, Central America, Middle East, Ghana and Nigeria. Aziza worked for international law firms Freshfields Bruckhaus Deringer and Norton Rose Fulbright for many years. She speaks German, French, Spanish and English.

Introduction

The global crisis set off by COVID-19 has triggered a dramatic health pandemic across the globe. Businesses internationally have also felt the impact significantly.  On 23rd March 2020, the Director-General of the World Health Organisation confirmed that more than 300,000 cases of COVID-19 have been reported across the globe and the current pace at which these cases are being reported is accelerating.

It is now more important than ever for businesses to strategically address business risk issues as they emerge. The COVID-19 epidemic has caused major disruptions for businesses worldwide. Amidst all the uncertainty emerging as regards the impact of COVID-19, we seek to highlight some legal issues that may arise during this pandemic and provide initial legal guidance on approaches that businesses could consider in order to be more resilient against the current pandemic.

Supply Chain Disruption

The COVID-19 outbreak is disrupting supply chain and manufacturing operations globally. Several businesses will be investigating the possibility of making business interruption insurance claims due to the interrupted supply arrangements and lost revenue.  The coverage for such insurance generally applies to business interruptions such as fires and floods etc. These are known as standard ‘force majeure’ scenarios. A ‘force majeure’ clause, is a clause in a contract that relieves the parties from performing their contractual obligations when certain circumstances beyond their control arise. The specific language of the insurance policy will play a huge role in the applicability of the coverage to the COVID-19 outbreak.  The governing law that applies in the particular agreement will also have a significant impact on the interpretation of the force majeure clause.

The applicability of business interruptions insurance to a public health pandemic such as COVID-19 is uncertain and needs to be explored on a case by case basis.   As a result, there is likely to be considerable litigation on the applicability of force majeure clauses in relation to this crisis. A re-drafting of force majeure clauses that seeks to encompass public health pandemics such as COVID-19 will also be required.

The first step for businesses confronted with this challenge is to obtain legal advice on the legal obligations under the contracts concerned.  Businesses can then explore renegotiating contractual agreements in order to maintain business arrangements.

Employment Law

The economic downturn caused by COVID-19 also means that employers are having to review their work operations and their employment policies in order to deal with the current business reality.  The sorts of issues that employers will require advice on are:

Workplace Safety

Business will be seeking advice with regards to measures to be put in place to ensure workplace safety in view of the current health pandemic. Employers will want to know what they should be doing in the workplace in order to reduce the spread of COVID-19.  To what extent are safety measures imposed enforceable, such as the wearing of masks?

Working Remotely

Businesses need advice on drafting and implementation of remote working policies, monitoring employee productivity and conducting live meetings to ensure business continues.

Work Hours and Salaries

Due to the current situation, businesses will be questioning whether they can reduce wages and working hours in order to cope with the economic downturn.

Employee Benefits

Many businesses will be reviewing their health insurance plans and sick leave requirements as a result of COVID-19.

Employee Travel

Some businesses may be grappling with how to handle the situation of an employee who is stranded in a location due to work or vacation.

Real Estate

Businesses will need to consider re-positioning themselves and renegotiating contracts in view of the fact that commercial property and rental rates may decline.  Loan agreements may also need to be renegotiated due to the inability of tenants to make lease payments or the fact that the business has had to shut down during this pandemic and cannot sustain payments by operating remotely.

Force Majeure provisions may become more standard in lease agreements in order to alleviate the predicament of tenants who find themselves bound by leases that are no longer economically tenable.  Rent suspension provisions may also be extended.

Conclusion

The economic crisis triggered by COVID-19 is changing rapidly everyday with more cases being reported daily. It is essential for business to think strategically about short-term, medium term and long-term measures to cater for their workforce and sustain their business.

In order to keep you abreast of the impact of COVID-19 on your business from a legal perspective, we will be providing regular legal updates on issues affecting businesses during the current pandemic.

24 March 2020

Aziza Atta

Of Counsel, English Qualified

[email protected]

+233 242 524 662

Planning your Life Here and the Hereafter – Estate Planning Seminar

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As a chamber our mandate is to promote bilateral trade between the UK and Ghana and so our focus essentially is to ensure that our member companies remain viable business entities in order to support our agenda. Estate planning and business continuity are essential components of business risk management. Considering that education and information is the first step to putting together a comprehensive estate plan, the UKGCC in partnership with FSB Law Consult, organised a seminar on planning your life here and the hereafter at the British Council on 12 February 2020.

The presenter of the seminar, Madam Francisca Serwaa Boateng, gave an overview of estate planning options, techniques, pitfalls and effective strategies. She explained that one’s estates could refer to cash, clothes, jewellery, cars, houses, land, retirement, investment and savings accounts.

She encouraged all participants to be deliberate about how their affairs were to be handled after death or incapacitation to ensure most of their estate is transferred to their loved ones or named beneficiaries, to assign guardians for minors or aged dependants and to avoid families being plunged into years of legal battle.

She gave historical examples of some businesses which failed as a result of a lack of continuity as a result of the owners and founders not having planned their estates and in effect their successions.

Another key point that she made was that estate planning should be done when a person is legally competent, having a sound mind, being in good health and free from emotional stress.

She went on to talk about what wills, trusts and powers of attorney were and their appropriate usage.

There was a question and answer time and an interactive breakfast session where participants had the opportunity of asking all their burning questions, as well as networking with the presenter and financial institutions present.

Feedback received from participants indicated the seminar was a very good one that will certainly impact on the lives of members and their businesses.

Launch of the DIT Africa Investment Dealroom

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As part of the UK Government’s efforts to boost trade and investment between Africa and the UK and to be Africa’s foreign investment partner of choice, the UK Department for International Trade’s Africa Network has partnered with Asoko Insight, a specialist in African corporate data management and analytics, to launch the ‘DIT Africa Investment DealRoom’.

The DealRoom will bring together, through an online platform, bankable projects from African companies looking for investment and UK-based investors looking for opportunities to invest in Africa.

There is no shortage of investment funds in the world. But investors often find it hard to sift through the many potential opportunities to invest in Africa and to conduct the necessary due diligence to satisfy their investment criteria. Additionally, African companies can find it hard to bring their investment needs to the attention of international investors. The DealRoom aims to address this challenge and boost UK private sector investment into Africa.

Through targeted digital engagement campaigns; Asoko’s extensive database of over 100,000 African privately-held corporates; and DIT Africa’s network of business and government contacts across Africa, the DealRoom will encourage the uploading of investment opportunities from the African private sector onto the digital platform. Each proposal will be filtered and verified by Asoko against a range of criteria, to ensure that the projects are investment-ready. Once satisfied, Asoko will publish the investment opportunities on the digital platform and promote them to UK potential investors.

Once published in the DealRoom, UK investors will be able to engage directly with the proposer and/or request additional data-sets to support their due diligence requirements. At the request of both parties, direct interaction can be initiated by the DealRoom. Once both parties are in direct contact, the DealRoom withdraws from further involvement but continues to track the progress of the deal to its conclusion.

After three months we will review progress in this project with Asoko. We will look at the pipeline (we aim to have at least 25 active investment discussions in process) and consider the quality of data being generated. The platform will remain open beyond the contract period for existing deals to conclude.

OUR ASK OF YOU

Please promote this initiative through your LinkedIn and Twitter accounts and in meetings and interactions with relevant companies and organisations – including Investment Promotion Agencies. Please encourage African companies/organisations and UK investors to join the DealRoom; upload their investment opportunities if they are African companies/organisations; and explore the investment opportunities if they are UK-based investors.

Please direct appropriate traffic to the DealRoom platform: https://asokoinsight.com/about/deals

Global Garment Brands tour Dawa Industrial Zone

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Executives of some of the world’s largest garment makers have toured the state-of-the-art Dawa Industrial Zone (DIZ), which is owned, developed and managed by LMI Holdings.

The group included business executives from PVH –producers of Van Heusen, Tommy Hilfiger, Calvin Klein; H&M and VF Asia Sourcing Limited – the Asian unit of VF Corporation which owns brands such as Timberland, Vans, Walls and JanSports.

The tour, which forms part of the garment makers’ agenda to scout for an ideal location to set up a garments village to manufacture and export their products to their markets around the world, was facilitated by the Ministry of Trade and Industry in collaboration with the Tony Blair Institute for Global Change. They briefed and taken round the Dawa Industrial Zone to see the facilities available.

Ernest Owusu-Afari, Executive Director of LMI Holdings, during the briefing explained that securing the manufacturing businesses of these global brands here in Ghana would give a strong impetus to the government’s drive to establish Ghana as the hub for garments manufacturing and industrialisation in the sub-region.

“It would be a significant achievement for the government, the private sector and people of Ghana to secure the business of these brands. It would mean we have met certain key benchmarks including political stability, reliable energy, skilled and semi-skilled manpower and infrastructures such as railway, roads, electricity and water,” he said.

Why choose Dawa Industrial Zone?

LMI Holdings, Mr. Owusu-Afari noted, has identified the garments and textiles industry as one of the sectors with the potential to yield large numbers of well-paid jobs, as well as export and tax revenue for the state.

That is why he believes that locating a garment factory in the Dawa Industrial Zone, especially the Garments Village –a 200-acre demarcation within the zone– is the best decision the garment makers can make. To him, the primary advantages include one of the largest electricity sub-stations in Ghana, a first-class internal road network, central drainage and sewerage, fibre optic data facilities and security and professional estate management.

“We have designated 200 acres of land to serve the garment sector exclusively; our proximity to the Tema port for the import of raw materials and export of finished goods; our connection to the under-construction railway lines that link the south to the north; capacity to accommodate all classes of industry including energy intensive ones are some of our advantages.

We have quality and reliability electricity in our industrial park which is comparable to first world levels with 99.8percent uptime over the past 12 months. LMI Holdings and the Ghana Free Zones Authority have agreed to designate 1,000 acres of the DIZ as a free zones enclave. Government agencies including the Free Zones Authority, Ghana Revenue Authority and the police service will have permanent presence on the site,” he told the investors.

Going green and preferential tariffs

With the Tema Free Zones Enclave seeing the construction of a 12MW roof-mounted solar generating facility to reduce LMI Holdings’ carbon footprint and that of its tenants, Mr. Owusu-Afari explained that the DIZ would benefit from a 300 acre energy solar farm that generates 30MW power.

“Electricity tariffs are regulated by the Public Utilities Regulatory Commission (PURC) but the Garments Village, as a strategic economic initiative, may be eligible for preferential tariffs at the government’s discretion,” he added.

The Dawa Industrial Zone is the focal point of a new 22,000 acre planned urban development initiated and completely funded by LMI Holdings, but with the active support and encouragement of the government of Ghana.

 

CONTACT US

LMI Holdings Limited, 1 EL Senoussi Street,

Off Independence Avenue, Ridge-Accra.

Contact Numbers:

+233 (0) 552030000

+233 (0) 552040000

Email:

[email protected]

 

Useful Buying Tips for Science Laboratory Equipment Supplies

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Companies and educational institutions using laboratory equipment need a reliable supplier. Especially when this equipment forms an important part of their operations. It is necessary to collect and calculate data. But also to conduct science experiments.

Quality control, laboratory managers, students, researchers and scientists use it in their work. They use it to perform experiments,   develop new concepts and ideas and for R&D purposes.

There is a wide range of science laboratory equipment available on the market. Common items include glassware, microscopes, lenses, gloves, magnifying glasses, Bunsen burner, safety goggles, flasks, beakers etc.. Other items meet the specific requirements of the laboratory.

It is important to get the right equipment so that it lasts a long time. Most are available to buy online through dozens of websites. But before you pay, and have it delivered, take care in selecting what you need.

As such we would like to share useful tips and considerations. They will help you when ordering science laboratory equipment:

  1. First, decide on the type of equipment you need for your project or science laboratory. Some laboratory equipment and tools are specific for physics, chemistry and biology laboratories. Others are suitable for all types of laboratories.
  2. Don’t hesitate to buy general-purpose equipment, because you may need these every now and then.
  3. Consider buying from a supplier with a good market reputation. Online directories can help you get detailed information about these suppliers. But, personal recommendations from friends and co-workers are helpful too.
  4. Only buy supplies that provide durable performance and accurate results.
  5. Know the specifications of the type of equipment that suits your specific needs. If in doubt ask the supplier the necessary questions. And ask to see a product catalogue and instructions for the equipment.

For more information on laboratory equipment supplies, contact us at:

Mount Laboratories UK Ltd

Tel: +44(0)1509 235279

Email: [email protected]

Website: www.mountlaboratories.com

Or speak with our local representative at:

Global Trade Consult

Tel: +233(0)302 913698

Mobile: +233(0)556210224

Email: [email protected]

Website: www.globaltradeconsult.com.gh

Guinness Ghana Breweries Plc Fact Sheet

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LRM Socio-Economic Impact Study Findings

Background

Guinness Ghana’s LRM intervention started in 2012 in line with Government’s Policy initiative to incorporate the use of local raw materials in the production of our alcoholic and non-alcoholic beverages. Since its inception, Guinness Ghana has grown its percentage of LRM usage from 12% in 2012 to the 55% this 2019, a firm demonstration of our commitment to the LRM agenda. This consistent growth in LRM uptake has been achieved through significant capital investment to re-engineer plant and equipment, as well as technical and financial support to farmers to improve crop yield.

Key Findings of our 2019 LRM Socio-Economic Impact Study

Guinness Ghana’s activities in the maize, sorghum, and cassava value chains have contributed to positive changes for farmers along these value chains. As a result of the ready and reliable market provided by Guinness Ghana, farmers have increased average acres under cultivation and this has translated into increased yields, labour employment, gross revenues and profits. Key gains identified include:

  • The main categories of stakeholders impacted are farmers, aggregators, processors, input dealers, and traders. Beside smallholder farmers who constitute the bulk of beneficiaries, there are several others who directly and or indirectly have been impacted by the LRM initiative along the three commodity value chains.
  • It is estimated that about 30,000 smallholder farmers have been impacted by the LRM initiative. With an average household size of 7 across the study regions, it is estimated that 210,000 smallholder farmers and their households have been impacted by the LRM by Guinness Ghana.
  • Average income from crop sales increased for farmers in the maize and sorghum value chains from 2017 to 2019. The average gross revenue per maize smallholder farmers increased by 126% from GH¢ 2,194 to GH¢ 4,964. Farmers engaged in the sorghum value chain increased gross revenue by 120% from GH¢ 957 to GH¢ 2107. There was a slight decrease of about 3% in gross revenue for farmers in the cassava value chain from GH¢ 3410 to GH¢ Revenue from the target crops made up about 43% of households income in the past year.
  • Average profit for smallholder farmers across all crops was estimated at GH¢ 2167.42. Using a farmer population of 30,000, a total of GH¢ 65,022,600 is estimated to have been earned as profits by farmers across the study regions.
  • Increase in the number of paid workers, along with increases in average expenditure on hired labour in the sorghum value chain. There has been an increase in the average number of hired workers employed by sorghum farmers (by 45%, from about 11 hired workers in 2016 to 16 in 2019) with slight decrease in hired labour along the maize and cassava value chains, although farmers in the maize and cassava value chains report an increase in the average full-time workers.
  • The LRM initiative has led to the establishment of some new business entities operating along the value chains. The LRM initiative has led to the establishment of some multi-million business entities which have entered into a contract to supply maize and sorghum to Guinness Ghana because of the enhancement of the LRM. There are about twenty (20) aggregators/commercial farms spread across the country who are expanding and registering more out-grower farmers to boost their capacity to supply to Guinness Ghana. Other existing companies have also expanded and reformed their production systems.
  • Increased investments in the maize, sorghum, and cassava value chains. Our assessment of the companies linked to Guinness Ghana under the LRM intervention showed investments in large tracts of land, new technologies and equipment, varietal trials in sorghum, maize and cassava and recruitment of high level human resource. All these investments, we found, were aimed at meeting contractual agreements with Guinness Ghana LRM
  • Investments in quality of life improvements such as investments in children’s education housing, water, sanitation, health and nutrition. The percentage of respondents who were house owners has increased from 67.1% in 2017 to 74.5% in 2019.
  • The potential for taxation in the three targeted commodities’ value chains is huge. Besides the smallholder farmers who constitute the majority of actors, others in the value chains include transporters, input dealers, processors, aggregators, commercial farmers and traders. The estimated quantum of income of smallholder farmers available in the interventions regions for taxation was estimated to be GH¢ 101, 525,000 per annum in 2017 and this figure was calculated from an average income of GH¢ 4,061 per annum from crop sales multiplied by the target beneficiaries of 25,000 in the intervention regions. By similar calculation, the figure is estimated at GH¢ 187,710,000 for 2019, using an average income of GH¢ 6,257 per annum from crop sales. However, the study established that most of these smallholder farmers do not pay formal income taxes. Corporate taxes and import duties were other major sources of tax which have been stimulated by LRM. At least, US$50m of investment in equipment has passed through the country’s ports between 2018 and 2019, which have been taxed.
  • Illicit alcohol consumption.

The level of alcohol consumption is generally low across the study districts. However, respondents who consume alcohol indicated their preference for local/mainstream spirits because of the comparatively lower prices and perceived benefits such as appetite, sexual prowess, extra energy for work, etc.

Key Findings of our 2017 LRM Socio-Economic Impact Study

Guinness Ghana’s activities in the maize, sorghum, and cassava value chains have contributed to positive changes for farmers along these value chains. As a result of the ready and reliable market provided by Guinness Ghana, farmers have increased average acres under cultivation and this has translated into increased yields, labour employment, gross revenues and profits. Key gains identified include:

  • The main categories of stakeholders impacted are input suppliers, farmers, aggregators, processors and traders. There are several others who directly and or indirectly have been impacted by the LRM initiative as shown in the three commodity value chains. For instance, planting materials suppliers, agrochemical dealers, transporters, commercial farmers, wholesalers and retailers, extension and credit service providers. In the intervention areas of GGBL’s, the major stakeholders are the smallholder farmers who constitute the bulk of the actors in the value chains and this is where GGBL’s LRM is likely to make the most impact.
  • The total number of smallholder farmers being impacted by the LRM is estimated around 25,000. With an average household size of 7 across the study regions, it is estimated that 175,000 smallholder farmers and their households have been impacted by the LRM by GGBL.
  • Income for smallholder farmers increased in the cassava value chain from 2014 to 2017. The highest change in income was recorded in the Upper West Akim district in the Eastern region; the change in income from 2014 (GH¢ 3,454) to 2017 (GH¢ 7,797) is 125.7%. Similarly, the figures for the other districts where the baseline was undertaken in 2014 show significant increases in incomes: in Awutu Senya district the change was 42.6% (from GH¢ 2,681 in 2014 to GH¢ 3,822 in 2017); Agona East, 38.3% (from GH¢ 3,450 in 2014 to GH¢ 4,773 in 2017); and Atebubu-Amantin, 20.5% (from GH¢ 2,863 in 2014 to GH¢ 3,451 in 2017).
  • Investments in quality of life improvements such as improved housing, water and sanitation, education, and asset ownership. The majority of the respondents (67.2%) indicated they were owners of their houses, although the situation has not changed much since the 2014 baseline studies (67.3%). The percentage of respondents with access to improved water source increased from 73.8% in 2014 to 87% in 2017. Similarly, there was 17% increase in the number of respondents with access to an improved toilet facility.
  • Increase in the number of paid workers, along with increases in average expenditure on labour. The average number of all paid workers a farmer hired per season increased by 25% from 8 in 2014 to 10 hired labourers in 2017. With an estimated beneficiary population of 25,000, it is estimated that a total 250,000 hired labourers were engaged by farmers in the three commodities value chains as a result of the GGBL LRM intervention in the six study regions. On average, expenditure on hired labour increased from GH¢ 513 in 2014 to GH¢ 706 in 2017. Using a beneficiary population of 25000 as of 2017, a total of GH¢ 17, 650,000 is estimated to have been earned as income by hired labourers.
  • The estimated quantum of income of farmers available in the intervention regions for taxation is estimated to be GHC101, 525,000 per annum. The target beneficiaries are mostly smallholder farmers who constitute the majority of the actors in the three commodity value chains and do not pay direct taxes. They are only levied by the district assemblies if they sell produce in the markets in the districts. But most farmers sell at the farm gate and thus escape these taxes. However, as a result of the GGBL’s LRM intervention, there has been an improvement in the incomes of farmers. The other actors in the value chains are taxed per the incomes they earn.
  • Income variance

Compared with non-intervention communities, income variance of approximately 80 percent was found

  • Alcohol consumption
  • Improvement in the value chain

Companies have invested in large tracts of land, new technologies and equipment, varietal trials in sorghum, maize and cassava, irrigation facilities, rehabilitation of equipment and recruitment of high-level human resource including experienced international agronomists and managers. All these investments made by new companies such as Gorshen Porshe Ranch, Mango City and Agriaccess were aimed at meeting contractual agreements of GGBL’s LRM initiative.

 

LRM Benefits to Government

  • Besides the revenue returns to government, GGBPLC’s LRM provides ready offtake to farmers for sorghum, cassava and maize, which directly supports governments Planting for Food and Jobs agenda.
  • It also supports the government’s manifesto policy on providing tax and related incentives for manufacturing businesses in sectors such as agro-processing and light industries among others
  • Guinness Ghana’s LRM offtake reduces Ghana’s forex exposure as forex otherwise needed for importation of raw barley
  • As Guinness Ghana expands production capacity, demand for sorghum and other raw materials will increase, thereby creating additional jobs through the opportunities to diversify the supply chain, such as:
  • malting of sorghum which will create additional job opportunities locally and across the sub-region
  • building infrastructure for storage and cleaning of the LRM
  • Conversion of cassava starch to High Maltose Syrup
  • Opportunities in flavours manufacturing

 

LRM Benefits to Farmers

  • GGBPLC spends approximately GHC 45 million per annum on sourcing local raw material (particularly sorghum, maize and cassava starch) from Ghanaian farmers thereby providing sustained livelihoods to farmers and the supply chain that depends on our LRM sourcing.
  • From our 2017 LRM Socio-economic Impact Study, Guinness’ LRM sourcing directly employed 30,000 smallholder farmers and created additional 210,000 jobs in the supply chain, which generated income revenue of more than GH¢ 180 million through the chain.
  • Improvement in the livelihood of farmers as a result of a ready market for their farm produce – improved access to clean water, sanitation and housing

 

Conclusion

The LRM initiative has contributed to positive changes for farmers and actors along the maize, sorghum, and cassava value chains. This has led to improved living conditions amongst smallholder farmers, in the areas of child education, housing, water and sanitation, health and nutrition, among others. Farmers are convinced that the intervention has the potential to transform agriculture in their localities because of the ready market provided by Guinness Ghana.

 

 

Total Ghana Adjudged Petroleum Company of the Year – CIMG

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Accra, 3rd October 2019 – Total Petroleum Ghana Limited (Total Ghana), a leading oil marketing company in the country, has been adjudged the Petroleum Company of the Year at the Chartered Institute of Marketing Ghana (CIMG) Award held on Friday, 27th September in Accra.
The citation from CIMG commended Total Ghana for putting measures in place to be the preferred brand amongst the numerous oil marketing companies (OMCs) as it offers solution-based products and services to the public.
Commenting on the award presented by the CEO of the Association of Oil Marketing Companies (AOMC), the Lubricants Manager of Total Ghana, Mr. Henry Adzewodah said that “it was an honour to receive such a prestigious award. For the past years, Total Ghana has delivered quality and innovative products based on extensive research for the benefits of motorists.”
The evaluators of the awards applauded Total Ghana for introducing the Total Excellium range of products which remains the pacesetter in the petroleum sector. This fuel, accessible in all its stations, has additives which enhances engine performance leading to lower fuel consumption and lower pollution. It is also designed to prevent deposit accumulation in the engine and to give excellent engine protection at all times.
In addition, the Company’s Total TROXI club, which is the very first loyalty scheme to be introduced by an OMC in Ghana, has made a great impact in the market. Through this club, Taxi, Trotro and other commercial drivers are rewarded with attractive discounts per every purchase made on fuel and lubricants which accumulate into
quarterly rewards. Additionally, they receive personal insurance cover in case of accidents. Mr. Henry Adzewodah emphasized Total Ghana’s commitment to providing innovative solutions which satisfy the needs of customers while safeguarding the environment. He dedicated the award to its customers for their unwavering trust in the Total brand
and assured them of its continuous effort to deliver top-notch products and services throughout its network of service stations and consumer sites in the country.
The CIMG awards are designed to create awareness of the Marketing concept in businesses and sustainability and to promote high professional standards and excellence among practitioners.

About Total Petroleum Ghana Limited
Established in 1951, Total Petroleum Ghana Limited is a locally listed oil marketing company with over 4700 Ghanaian shareholders. The company has a retail network of about 249 service stations across the ten regions of the country with activities spanning the Aviation, Bitumen and Mining businesses. The company provides expertise on engine performance and reduction in fuel consumption through premium quality fuels, lubricants and car care products. Total Petroleum Ghana Limited is ISO 9001:2015 certified and its respect for quality, standards, achievements and safety has propelled it to the forefront of the Ghanaian Petroleum Industry.

About the Marketing & Services division of Total
The Marketing & Services division of Total develops and markets products primarily derived from crude oil, along with all of the associated services. Its 31,000 employees are present in 110 countries and its products and services offers are sold in 150 countries. Every day, Total Marketing Services serves more than 8 million customers in its network of over 16,000 service stations in 65 countries. As the world’s fourth-largest distributor of lubricants and the leading distributor of petroleum products in Africa, Total Marketing Services operates 50 production sites worldwide where it manufactures the lubricants, bitumen, additives, special fuels and fluids that sustain its growth.

About Total
Total is a global integrated energy producer and provider, a leading international oil and gas company, a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our
operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.

Bilateral Trade and Intra-Continental Trade

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In recent weeks there has been much focus on Westminster and when and how (or even if) the UK may leave the European Union. Clearly with so much still up in the air it is not possible, with any degree of confidence, suggest where this will all land up other than to say the final position “will not be as bad as we fear nor as good as we hope”.
However, we should not forget the importance of the bilateral trade relations between the UK and Ghana, with over  $3.3bn invested into Ghana by UK companies and £198 of goods and £174m of services exported from Ghana to the UK – the UK remains an important trading and investment partner with Ghana. In the event the UK exits the European Union, the importance of ensuring a seamless transition and maintenance of the duty free and quota free access to the UK markets cannot be stressed enough to ensure those companies exporting to the UK are not impacted beyond the potential risk of the sterling depreciating.
But it is not all negative as we look to the future, there are a number of exciting dynamics to consider. Not least is the recently ratified African Continental Free Trade Agreement (AfCFTA), this important agreement could result in a number of opportunities for our members through greater duty free access to other markets on the continent. Whilst it is acknowledged there are risks in opening up markets, companies should not be fearful of competition in a rules based market place, we just have to ensure the rules are enforced and your Chamber is here to flag up any breaches with the authorities as required!
To understand the scale of the potential of AfCTFA and intra-continental trade, the infographic above shows how far Africa is lagging in intra-continental trade when compared to other parts of the world.
But what does that mean for the bilateral trade between the UK and Ghana, in the event they depart from the EU with or without a deal? Some members have suggested to the Chamber, that they can see an expansion of Ghanaian exports of value-added coca products to the UK, expansion of production and export of preserved tuna, securing value for specific agricultural products and facilitating the development of intra-African supply chains resulting from increased Ghanian productions and export of value-added products to the UK. What opportunities do you see?

Hollard’s busy month of branch launches, donations and appointments.

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Hollard has been busy this month with the launch of a Tema branch, a donation to the Prison’s Officers Training School and Group level appointments.

Hollard Ghana Holdings Ltd unveiled the group’s two companies new branch in Tema called the “The Purple Avenue.” Speaking at the launch, Group CEO, Patience Akyianu pointed out that the company has been in Tema for the past 20 years, previously as Metropolitan Insurance and since 2015 as Hollard Insurance. She said the Group was opening the first insurance shopping arcade by relocating the Tema branch of Hollard Insurance and setting up a new branch for Hollard Life there. She added, “It is part of our strategy to deepen our footprint in Ghana and to bring our superior product for both the general and life insurance businesses under one roof for the convenience of its cherished customers.”

As part of its purpose to ‘’enable more people to achieve a better future, Hollard Life Assurance Ghana Limited donated one hundred (100) bags of cement to the Prisons Officers Training School. The donation which was done on 9th July 2019 followed a request for support from the training school for the construction of a Male Ablution Facility.  The facility when completed will accommodate two hundred and seventy (270) trainees; an indication of the importance of the project. Receiving the items, the Commandant of the School DDP. Samuel Adjei-Attah expressed his sincere appreciation.  He said Hollard Life was the first insurance company to have responded to their request in such a fantastic manner.

Finally, Hollard is signalling its seriousness to dominate the market with recent appointments. The company’s strategy to bolster its talent has seen it engage two heads at the group level; Group Head, Marketing and Corporate Affairs, Cynthia Ofori-Dwumfuo, and Valerie Ackwerh, Group Head of Legal. Cynthia is responsible for formulating and driving the implementation of strategic marketing initiatives aimed at enhancing the Company’s brand, increase brand profitability and identify new market opportunities. On her part, Valerie is in-house counsel and will provide technical direction for the effective handling of all legal matters and guide Hollard Ghana in the implementation of statutory requirements of the Companies Act and other relevant laws within the Company. She will also provide company secretarial duties and governance services and act as the Compliance Officer.