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Ghana: Companies in the News
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Public Agenda (Accra)
COLUMN
18 July 2008
Posted to the web 18 July 2008
Ama Achiaa Amankwah
Assinman Rural Bank goes Western Union
The Assinman Rural Bank at Assin Manso in the Central Region has now adopted Western Money Union operations in its monetary transactions. The Manager of the Bank, EmmanuelAdu Larbi, said strenuous efforts are being made to extend the facility to the bank's agencies by October this year.
The agencies are at Ajumako, Assin Foso and Pedu, a suburb of Cape Coast. He said patronage of the Western Money Union transfer scheme is encouraging and advised the public to use that means to remit their relatives and settle debts rather than carry huge sums of money at the risk of being robbed.
Mr. Adu Larbi appealed to the shareholders to increase their shares in order to cushion the capital base of the bank. He announced plans to increase the share valuefrom 20 Ghana pesewas per share to 50 Ghana pesewas considering the current value of the nation's currency.
Atwima Mponua Rural Bank opens 7th branch
The Atwima Mponua Rural Bank has opened its 7th branch at South Suntreso, in Kumasi. Mr. Henry Ani-Obeng said the addition is part of the bank's plans to reach out to all parts of the country.
He said the bank has made available to its customers a number of products that will make banking very attractive and comfortable to its clients.
"These products include operations of savings and current accounts, granting of salary, funeral, educational, agricultural and micro-finance and commercial loans as Adwumayefo Nkye Mfa for salaried workers at Christmas."
Amalbank offers e-zwich services in 3 regional capitals
Amalgamated Banks (Amalbank) has begun offering e-zwich services in Kumasi, Tamale and Takoradi. It has made available a number of Point of Sale (POS) devices to retail merchants.
A statement issued in Accra said consequently, Amalbank has been sensitizing employees and traders in these regions to also use the e-zwich to enjoy the numerous benefits.
E-zwich service enables anyone with the card to transfer money, effect payments as well as do multiple cash transaction.
"What is more interesting is the fact that you do not need to have a traditional bank account to have your transactions settled. One can simply walk into any outlet displaying e-zwich notification to benefit from the service."
Ghana signs coffee deal
Ghana's High Commissioner to the UK and Ireland, Annan Cato, has signed the 2007 International Coffee Agreement on behalf of the government at the London headquarters of the International Coffee Organisation.
Witnessing the signing ceremony was Jose Dauster Sette, Head of Operations of the ICO, and Edem Amegashie-Duvon, London Manager of Cocoa Marketing Company.
The new International Coffee Agreement which was adopted by a resolution of the International Coffee Council on September 28, 2007 at its 98th Session in London was submitted to the Ghana Cocoa Board as a designated contact for government for submission to Cabinet and Parliament for study and ratification, a statement from the Ghana High Commission in London said.
The International Coffee Organisation (ICO) was set up in London in 1963 under the auspices of the United Nations because of the economic importance of coffee.
It has a membership of 77 countries including Ghana and consists of 45 exporting and 32 importing countries, and functions through the International Coffee Council, the Executive Board, Private Sector Consultative Board, the Executive Director and a Secretariat.
It is one of the world's largest traded commodities produced in more than 60 countries providing a livelihood to some 25 million people.
Ghana first acceded to the International Coffee Agreement on 9th September, 1964 and has been a signatory to all the Agreements with Ghana Cocoa Board as the implementing agency for the government.
The statement said coffee exports from Ghana reached their highest level in 1997/1998 with an export of 10,000 metric tonnes.
Since then, there has been a gradual decline in exports due to the slump in world market prices, poor pricing policy and lack of Government support.
Zain Set To Commence Business in Ghana
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The country's telecom sector has received a further boost as Zain Ghana; a mobile telecommunication company is set to commence business this year.
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