An Enterprise Map of Ghana

Total Page:16

File Type:pdf, Size:1020Kb

An Enterprise Map of Ghana An Enterprise Map An Enterprise Map of Ghana’s economy has grown rapidly over the past decade, and the goal of becoming a middle-income country in the fairly near future now seems attainable. The likely contribution of the oil sector makes the goal look all the more achievable. Yet this goal is unlikely to be attained without a substantial advance in Ghana’s Ghana industrial capability. This is therefore a good moment to ask some questions. Ghana of • What are the current capabilities of Ghanaian firms? • Where did those capabilities come from? • Can the development of the oil sector lead to a parallel advance in related local industries? Sutton/Kpentey This volume presents the first general overview of Ghana’s industrial sector. Each industry is profiled in detail, and the history and capabilities of leading firms are explored at length. This is the second volume in John Sutton’s ‘Enterprise Map’ series, which profiles the industrial capabilities of selected countries in sub-Saharan Africa. The first volume was on Ethiopia and the forthcoming third volume will be on Tanzania. Further volumes in this series will appear in due course. John Sutton and Bennet Kpentey i i “ghana” — 2012/1/31 — 13:31 — pagei—#1 i i AN ENTERPRISE MAP OF GHANA i i i i i i “ghana” — 2012/1/31 — 13:31 — page ii — #2 i i i i i i i i “ghana” — 2012/1/31 — 13:31 — page iii — #3 i i AN ENTERPRISE MAP OF GHANA John Sutton and Bennet Kpentey i i i i i i “ghana” — 2012/1/31 — 13:31 — page iv — #4 i i Copyright © 2012 International Growth Centre Published by the International Growth Centre Published in association with the London Publishing Partnership www.londonpublishingpartnership.co.uk All Rights Reserved ISBN 978-1-907994-03-6 (pbk.) A catalogue record for this book is available from the British Library This book has been composed in Utopia using TEX Copy-edited and typeset by T&T Productions Ltd, London Cover design: LSE Design Unit Cover photographs courtesy of PZ Cussons i i i i i i “ghana” — 2012/1/31 — 13:31 — pagev—#5 i i CONTENTS About the Authors ix Acknowledgements xi Acronyms and Abbreviations xiii 1 Introduction 1 2 Cocoa Processing 11 2.1 Sector Profile 11 2.2 Profiles of Major Firms 17 Real Products Limited, Plot Enterprise Ghana Limited, Cadbury–Kraft Foods Ghana Limited, Cargill Ghana Limited, ADM Cocoa (Ghana) Limited 3 Salt Production 25 3.1 Sector Profile 25 3.2 Profile of Major Firm 29 Panbros Salt Industries Limited 4 Oil Palm Industry 33 4.1 Sector Profile 33 4.2 Profiles of Major Firms 37 Ghana Oil Palm Development Company, Benso Oil Palm Plantation 5 Agribusiness and Food Processing 41 5.1 Sector Profile 41 5.2 Profiles of Major Firms 54 Irani Brothers & Others Limited, Takoradi Flour Mills Limited, Parlays Ghana Limited, MV Brands (Pioneer Food Cannery Limited), Unilever Ghana Limited 6 Non-alcoholic Beverages 65 6.1 Sector Profile 65 6.2 Profiles of Major Firms 69 Nestlé Ghana Limited, Aquafresh Limited, SBC Beverages Ghana Limited (Pepsi Cola) i i i i i i “ghana” — 2012/1/31 — 13:31 — page vi — #6 i i vi CONTENTS 7 Alcoholic Beverages 77 7.1 Sector Profile 77 7.2 Profiles of Major Firms 80 Kasapreko Company Limited, GIHOC Distilleries, Guinness Ghana Breweries Limited 8 Textiles and Garments 87 8.1 Sector Profile 87 8.2 Profiles of Major Firms 91 Tex Styles Ghana Limited, Akosombo Textiles Limited, Printex 9 Wood and Wood Products 99 9.1 Sector Profile 99 9.2 Profiles of Major Firms 106 John Bitar & Co. Ltd 10 Building and Construction 109 10.1 Sector Profile 109 10.2 Profiles of Major Firms 114 African Concrete Products Limited, PW Ghana Limited, De Simone Limited, Micheletti & Co. Limited, Metalex Ghana Limited 11 Cement and Quarrying 123 11.1 Sector Profile 123 11.2 Profiles of Major Firms 126 GHACEM Limited, Eastern Quarries Limited, Prime Stone Quarries 12 Metals, Engineering and Assembly 133 12.1 Sector Profile 133 12.2 Profiles of Major Firms 137 Volta Aluminum Company, Aluworks Limited, Tema Steel Company Limited, Ghana Metal Fabrication Limited, Wire Weaving Industries (Ghana) Limited, Nexans Kabelmetal (Ghana) Limited 13 Pharmaceuticals 153 13.1 Sector Profile 153 13.2 Profiles of Major Firms 156 Kama Health Services Limited, Phyto-Riker (GIHOC) Pharmaceuticals Limited, Dannex Ghana Limited, Capital O2 Limited i i i i i i “ghana” — 2012/1/31 — 13:31 — page vii — #7 i i CONTENTS vii 14 Chemicals 165 14.1 Sector Profile 165 14.2 Profiles of Major Firms 168 Azar Chemical Industries Limited, Bamson Company Limited, PZ Cussons Ghana Limited, BBC Industrial Company (Ghana) Ltd, Bas van Buuren Ghana Limited 15 Plastics and Rubber 179 15.1 Sector Profile 179 15.2 Profiles of Major Firms 183 Interplast Limited, Qualiplast Limited, Ghana Rubber Estates Limited, Latex Foam Rubber Products Limited i i i i i i “ghana” — 2012/1/31 — 13:31 — page viii — #8 i i i i i i i i “ghana” — 2012/1/31 — 13:31 — page ix — #9 i i ABOUT THE AUTHORS John Sutton is the Sir John Hicks Professor of Economics at the London School of Economics. Bennet Kpentey is the Chief Executive of Sync Consult Limited, a man- agement and financial consulting firm in Accra, Ghana. He is also a part- time lecturer in Strategic Management at the University of Ghana Business School on the Executive MBA Programme. The International Growth Centre (www.theigc.org) promotes sustainable growth in developing countries by providing demand-led policy advice based on frontier research. The IGC is directed and organized from hubs at the London School of Economics and the University of Oxford and comprises country offices across the developing world. The IGC was initiated and is funded by the Department for International Development (DFID). John Sutton’s Enterprise Map Project aims to provide a standardized descriptive account of the industrial capabilities of selected countries in sub-Saharan Africa. This is the second volume to appear. i i i i i i “ghana” — 2012/1/31 — 13:31 — pagex—#10 i i i i i i i i “ghana” — 2012/1/31 — 13:31 — page xi — #11 i i ACKNOWLEDGEMENTS The authors express their appreciation to all the organizations, firms and individuals who supported this work in diverse ways. Special appreciation is accorded to the representatives who devoted time to meeting the research team to make the participation of their firms in this Enterprise Map possible. The authors also thank Hanna Tetteh, Minister of Trade and Industry, Nii Ansah-Adjaye, Chief Director at the Ministry of Trade and Industry, Seth Twum-Akwaboah, the Executive Director of the Association of Ghana Industries (AGI), and Dr Sam Mensah, the Country Director of IGC Ghana, for the immense support they provided in facilitating the research process and engagement with the firms. We also thank Ghana Statistical Service, the Ghana Export Promotion Council, the Ghana Investment Promotion Centre and various data sources in Ghana for providing the necessary information and data. Finally, the Sync Consult Research team – senior consultants Angela Allotey and Walter Kpentey and the analysts – played a key role in working with the firms we profiled. i i i i i i “ghana” — 2012/1/31 — 13:31 — page xii — #12 i i i i i i i i “ghana” — 2012/1/31 — 13:31 — page xiii — #13 i i ACRONYMS AND ABBREVIATIONS ACP African Concrete Products Limited ADM Archer Daniels Midland Company AGOA African Growth and Opportunity Act AOMIL Ayiem Oil Mills Limited ATL Akosombo Textiles Limited BOPP Benso Oil Palm Plantation BVB Bas van Buuren CEPS Customs, Excise and Preventive Service CMC Cocoa Marketing Company ECOWAS Economic Community of West African States EU European Union FDI Foreign Direct Investment FFBs Fresh fruit bunches GCMC Ghana Cylinder Manufacturing Company Limited GDP Gross Domestic Product GFTN Global Forest and Trade Network GHACEM Ghana Cement Works Limited GIHOC Ghana Industrial Holding Corporation GNPA Ghana National Procurement Agency GOPDC Ghana Oil Palm Development Company GREL Ghana Rubber Estates Limited GSA Ghana Standards Authority GTP Ghana Textile Printing Company Limited HDPE High-density polyethylene ISO International Organization for Standardization KACC Kaiser Aluminium & Chemical Corporation mt Metric tonne NORPALM Norwegian Palm Ghana Limited PSI Presidential Special Initiative PVC Polyvinyl chloride SMEs Small and medium-sized enterprises SSNIT Social Security and National Insurance Trust TOPP Twifo Oil Palm Plantation i i i i i i “ghana” — 2012/1/31 — 13:31 — page xiv — #14 i i xiv ACRONYMS AND ABBREVIATIONS UAC United Africa Company of Gold Coast UAE United Arab Emirates UK United Kingdom UNIDO United Nations Industrial Development Organization uPVC Unplasticized polyvinyl chloride US United States VALCO Volta Aluminum Company WAM West African Mills WAMCO West African Mills Company i i i i i i “ghana” — 2012/1/31 — 13:31 — page xv — #15 i i AN ENTERPRISE MAP OF GHANA i i i i i i “ghana” — 2012/1/31 — 13:31 — page xvi — #16 i i i i i i i i “ghana” — 2012/1/31 — 13:31 — page1—#17 i i Chapter 1 INTRODUCTION Ghana has been one of Africa’s fastest growing economies over the past decade. Between 2000 and 2009, gross domestic product (GDP) per capita rose by 63%.1 If the growth rates of the past decade are projected forward, the much-discussed aim of Ghana becoming a middle-income country in the fairly near future looks plausible. The recent discoveries of oil make this goal seem even more achievable.
Recommended publications
  • Negotiating Elder Care in Akuapem, Ghana: Care-Scripts and the Role of Non-Kin
    Please do not remove this page Negotiating Elder Care in Akuapem, Ghana: Care-Scripts and the Role of Non-Kin Coe, Cati https://scholarship.libraries.rutgers.edu/discovery/delivery/01RUT_INST:ResearchRepository/12643433240004646?l#13643528290004646 Coe, C. (2017). Negotiating Elder Care in Akuapem, Ghana: Care-Scripts and the Role of Non-Kin. In Africa (Vol. 87, Issue 1, pp. 137–154). Rutgers University. https://doi.org/10.7282/T3D50Q24 This work is protected by copyright. You are free to use this resource, with proper attribution, for research and educational purposes. Other uses, such as reproduction or publication, may require the permission of the copyright holder. Downloaded On 2021/09/29 21:13:19 -0400 Negotiating Elder Care in Akuapem, Ghana: Care-Scripts and the Role of Non-Kin Cati Coe1 Abstract. In contemporary Ghana, adult children are considered responsible for the care of aged parents. Within this idealized framework, two aspects of elder care are overlooked. First, such a narrative obscures the role of non-kin and extended kin in providing elder care in southern Ghana historically and in the present. Secondly, it hides the negotiations over obligations and commitments between those who manage elder care and those who help with an aging person’s daily activities. It is in this latter role in which non-kin and extended kin are significant in elder care, while closer kin maintain their kin roles through the more distant management, financial support, and recruitment of others. This paper examines recruitment to elder care and the role of kin and non-kin in elder care in three historical periods—the 1860s, the 1990s, and the 2000s— centered on Akuapem, in southern Ghana.
    [Show full text]
  • Entry Requirements for Nursing Programmes
    2020/2021 INSTRUCTIONS FOR APPLICATIONS INTO HEALTH TRAINING INSTITUTIONS MINISTRY OF HEALTH The Ministry of Health wishes to inform the general public the online admissions portal for the 2020/2021 th th academic year will officially open from Monday 17 February, 2020 to Saturday 30 May, 2020. Applications are invited from qualified candidates for entry into any of the Public Health Training Institutions in Ghana. Applicants must: 1. Purchase application codes from any Agricultural Development Bank (ADB) or Ghana Commercial Bank (GCB) branch at a cost of One Hundred Ghana Cedis (GH¢100.00). (This includes the cost of verification of results, SMS alerts and all other correspondence). th NB: i. All purchased vouchers are valid up to 10 June, 2020 if not used. ii. No postage envelopes are required as all correspondence will be via SMS or E-mail. 2. Upon payment, applicants will receive a voucher giving them a unique PIN and Serial Number. 3. Have a dedicated phone number and a personal valid e-mail address for all correspondence. [Please NOTE: Do not use email address of relations] 4. You will need you residential and Ghana Post Digital Address 5. Use the PIN code and Serial to access the application form online at https://healthtraining.gov.gh 6. Note that the online registration form is accessible only by the PIN and self-created password. 7. Follow the instructions carefully and fill the relevant stages of the admission process once the online application is opened. 8. Use the PIN and Serial Number to track the status of the admission process.
    [Show full text]
  • Ghana Accra Academy
    Accra Academy, Accra, Ghana To return to main menu, please click on, or please visit www.classworldschools.com The School Notice Board VISION: EDUCATION FOR LIFE AND SELFLESS SERVICE BASED ON TRUTH AND HONESTY. MISSION: “To develop a model school of excellence: to prepare students for life by instilling in them the virtue of truth, honesty, justice, selfless service and pursuit for excellence.” Accra Academy School Accra. 00 233 (0) 302 221721 www.accraacademy.edu.gh Accra Academy School Ghana is brought to you by www.classworldschools.com To print this booklet in booklet form, download the pdf and open in Adobe. Choose print, then booklet, portrait, top bind, A4 and double sided. The booklet will be A5 once folded. 1 Page 2 Accra Academy, Accra, Ghana The prospects of new way of ‘respectable living’ and of social advancement held out by education created in the country’s youth a thirst for knowledge that remained strong and insatiable in the later part of the nineteen century. However, educational facili- ties at the time could not match the youth’s enthusiasm for school. If elementary school education were grossly inadequate, those for secondary education were virtually non-existent, and nearly all ambitious young men who wanted higher education went to overseas or Sierra Leone. It was to satisfy the urgent need for a secondary school that would provide good tuition at reasonable cost to the non-affluent sector of Accra and its environs that four young men all below thirty years of age established the Accra Academy. The Accra Academy was founded on Monday, 20th.
    [Show full text]
  • Impact of Food Processing on the Safety Assessment for Proteins Introduced Into Biotechnology-Derived Soybean and Corn Crops ⇑ B.G
    Food and Chemical Toxicology 49 (2011) 711–721 Contents lists available at ScienceDirect Food and Chemical Toxicology journal homepage: www.elsevier.com/locate/foodchemtox Review Impact of food processing on the safety assessment for proteins introduced into biotechnology-derived soybean and corn crops ⇑ B.G. Hammond a, , J.M. Jez b a Monsanto Company, Bldg C1N, 800 N. Lindbergh Blvd., St. Louis, Missouri 63167, USA b Washington University, Department of Biology, One Brookings Drive, Campus Box 1137, St. Louis, Missouri 63130, USA article info abstract Article history: The food safety assessment of new agricultural crop varieties developed through biotechnology includes Received 1 October 2010 evaluation of the proteins introduced to impart desired traits. Safety assessments can include dietary risk Accepted 10 December 2010 assessments similar to those performed for chemicals intentionally, or inadvertently added to foods. For Available online 16 December 2010 chemicals, it is assumed they are not degraded during processing of the crop into food fractions. For intro- duced proteins, the situation can be different. Proteins are highly dependent on physical forces in their Keywords: environment to maintain appropriate three-dimensional structure that supports functional activity. Food Biotech crops crops such as corn and soy are not consumed raw but are extensively processed into various food frac- Introduced proteins tions. During processing, proteins in corn and soy are subjected to harsh environmental conditions that Processing soy and corn Denaturation proteins drastically change the physical forces leading to denaturation and loss of protein function. These condi- Dietary exposure tions include thermal processing, changes in pH, reducing agents, mechanical shearing etc.
    [Show full text]
  • GESTAR Newsletter, Sprin
    Volume 4, Issue 2 Spring 2015 GESTAR Newsletter http://gestar.usra.edu/ Ghana, Germany, U.K., Canada & U.S.: Richard Damoah’s Road Map Last fall, atmospheric scientist Dr. Richard Damoah (GESTAR/MSU, Code 614) began teaching a meteorology course at Morgan State University (MSU), and as an integral part of his instruction, he worked toward incorporating a weather station on campus, which WeatherBug installed in September 2014, thanks to funding from the MSU Department of Physics. Most recently, Dr. Damoah has been upgrading the weather station to include a camera and lightning sensor; funds for this were provided by MSU’s A Student-Centered, Entrepreneurship Development (ASCEND) program. Preliminary analyses of the station data by his students were presented at the following events: (1) MSU-Maryland Science Olympiad, March 7th; (2) MSU Innovation Day at the Maryland State Legislature, Annapolis, MD, March Image Provided by 19th; (3) MSU 22nd Annual Undergraduate & Graduate Research Symposium, April 14th; R. Damoah and (4) GESTAR’s All-Hands Meeting Poster Session, August 5th. It’s not only Dr. Damoah’s students who benefi t from the weather station: the Morgan faculty also is able to create projects based on weather data, and it provides the community a resource for weather-related events. Dr. Damoah was recently recognized “for his initiative to install a meteorological/climate observatory at MSU … and to contribute to the development and advancement of STEM education at MSU” (see Awards Section, page 5). Th e MSU weather station can be viewed here: http://weather.weatherbug. com/weather-safety/online-weather-center/OnlineWeatherCenter.aspx?aid=5990.
    [Show full text]
  • Ghana Gazette
    GHANA GAZETTE Published by Authority CONTENTS PAGE Facility with Long Term Licence … … … … … … … … … … … … 1236 Facility with Provisional Licence … … … … … … … … … … … … 201 Page | 1 HEALTH FACILITIES WITH LONG TERM LICENCE AS AT 12/01/2021 (ACCORDING TO THE HEALTH INSTITUTIONS AND FACILITIES ACT 829, 2011) TYPE OF PRACTITIONER DATE OF DATE NO NAME OF FACILITY TYPE OF FACILITY LICENCE REGION TOWN DISTRICT IN-CHARGE ISSUE EXPIRY DR. THOMAS PRIMUS 1 A1 HOSPITAL PRIMARY HOSPITAL LONG TERM ASHANTI KUMASI KUMASI METROPOLITAN KPADENOU 19 June 2019 18 June 2022 PROF. JOSEPH WOAHEN 2 ACADEMY CLINIC LIMITED CLINIC LONG TERM ASHANTI ASOKORE MAMPONG KUMASI METROPOLITAN ACHEAMPONG 05 October 2018 04 October 2021 MADAM PAULINA 3 ADAB SAB MATERNITY HOME MATERNITY HOME LONG TERM ASHANTI BOHYEN KUMASI METRO NTOW SAKYIBEA 04 April 2018 03 April 2021 DR. BEN BLAY OFOSU- 4 ADIEBEBA HOSPITAL LIMITED PRIMARY HOSPITAL LONG-TERM ASHANTI ADIEBEBA KUMASI METROPOLITAN BARKO 07 August 2019 06 August 2022 5 ADOM MMROSO MATERNITY HOME HEALTH CENTRE LONG TERM ASHANTI BROFOYEDU-KENYASI KWABRE MR. FELIX ATANGA 23 August 2018 22 August 2021 DR. EMMANUEL 6 AFARI COMMUNITY HOSPITAL LIMITED PRIMARY HOSPITAL LONG TERM ASHANTI AFARI ATWIMA NWABIAGYA MENSAH OSEI 04 January 2019 03 January 2022 AFRICAN DIASPORA CLINIC & MATERNITY MADAM PATRICIA 7 HOME HEALTH CENTRE LONG TERM ASHANTI ABIREM NEWTOWN KWABRE DISTRICT IJEOMA OGU 08 March 2019 07 March 2022 DR. JAMES K. BARNIE- 8 AGA HEALTH FOUNDATION PRIMARY HOSPITAL LONG TERM ASHANTI OBUASI OBUASI MUNICIPAL ASENSO 30 July 2018 29 July 2021 DR. JOSEPH YAW 9 AGAPE MEDICAL CENTRE PRIMARY HOSPITAL LONG TERM ASHANTI EJISU EJISU JUABEN MUNICIPAL MANU 15 March 2019 14 March 2022 10 AHMADIYYA MUSLIM MISSION -ASOKORE PRIMARY HOSPITAL LONG TERM ASHANTI ASOKORE KUMASI METROPOLITAN 30 July 2018 29 July 2021 AHMADIYYA MUSLIM MISSION HOSPITAL- DR.
    [Show full text]
  • Ghana Marine Canoe Frame Survey 2016
    INFORMATION REPORT NO 36 Republic of Ghana Ministry of Fisheries and Aquaculture Development FISHERIES COMMISSION Fisheries Scientific Survey Division REPORT ON THE 2016 GHANA MARINE CANOE FRAME SURVEY BY Dovlo E, Amador K, Nkrumah B et al August 2016 TABLE OF CONTENTS TABLE OF CONTENTS ............................................................................................................................... 2 LIST of Table and Figures .................................................................................................................... 3 Tables............................................................................................................................................... 3 Figures ............................................................................................................................................. 3 1.0 INTRODUCTION ............................................................................................................................. 4 1.1 BACKGROUND 1.2 AIM OF SURVEY ............................................................................................................................. 5 2.0 PROFILES OF MMDAs IN THE REGIONS ......................................................................................... 5 2.1 VOLTA REGION .......................................................................................................................... 6 2.2 GREATER ACCRA REGION .........................................................................................................
    [Show full text]
  • Brain Drain” of the Best and Brightest: Microeconomic Evidence from Five Countries
    Discussion Paper Series CDP No 18/10 The Economic Consequences of “Brain Drain” of the Best and Brightest: Microeconomic Evidence from Five Countries John Gibson and David McKenzie Centre for Research and Analysis of Migration Department of Economics, University College London Drayton House, 30 Gordon Street, London WC1H 0AX CReAM Discussion Paper No 18/10 The Economic Consequences of “Brain Drain” of the Best and Brightest: Microeconomic Evidence from Five Countries John Gibson* and David McKenzie† * University of Waikato † World Bank Non-Technical Abstract Brain drain has long been a common concern for migrant-sending countries, particularly for small countries where high-skilled emigration rates are highest. However, while economic theory suggests a number of possible benefits, in addition to costs, from skilled emigration, the evidence base on many of these is very limited. Moreover, the lessons from case studies of benefits to China and India from skilled emigration may not be relevant to much smaller countries. This paper presents the results of innovative surveys which tracked academic high-achievers from five countries to wherever they moved in the world in order to directly measure at the micro level the channels through which high-skilled emigration affects the sending country. The results show that there are very high levels of emigration and of return migration among the very highly skilled; the income gains to the best and brightest from migrating are very large, and an order of magnitude or more greater than any other effect; there are large benefits from migration in terms of postgraduate education; most high-skilled migrants from poorer countries send remittances; but that involvement in trade and foreign direct investment is a rare occurrence.
    [Show full text]
  • Government Denies Existence of Political Prisoners
    August 12, 1991 Ghana Government Denies Existence of Political Prisoners Minister Says Detainees "Safer" in Custody Introduction Ghana's ruling Provisional National Defence Council (PNDC), chaired by Flt. Lt. Jerry Rawlings, has claimed -- for the third time in as many years -- that Ghana has no political prisoners. In a radio interview on May 31, Secretary for Foreign Affairs Obed Asamoah, argued that some detainees -- whom he characterized as "subversives" -- are being kept in custody for their own good. He added that if they were brought to trial, they would be convicted and executed. The first claim is deliberately misleading. Africa Watch knows of the existence of a number of detainees incarcerated in Ghana, though it is difficult to estimate the exact number in the light of government denials. One group -- of ten detainees -- was moved to different prisons on the same day -- January 14, 1991. One member of this group is known to have been held without charge or trial since November 1982. Their detentions have never been officially explained. The minister's argument that detainees are better protected in custody amounts to a manifest presumption of guilt, and makes it unlikely that any detainee in Ghana can now receive a fair trial. The government's denial is also contradicted by the publication on May 30 of a list of 76 "political prisoners and other detainees" by the opposition Movement for Freedom and Justice (MFJ). According to the MFJ's information at the time, none of the 76 had been charged or tried. The PNDC Secretary for the Interior, Nana Akuoku Sarpong, has characterized the list as a mixture of "lies and half truths," calculated to discredit the government.
    [Show full text]
  • 16 Annual Report
    47th Annual Report and Financial Statements 30 SEPTEMBER 2016 2 - 47th annual report & financial statement AUDITORS AND REGISTERED OFFICE Auditors KPMG (ICAG/F/2014/038) Chartered Accountants 13 Yiyiwa Drive, Abelenkpe Post Office Box 242 Accra. Registered Office Cocoa House 41 Kwame Nkrumah Avenue Post Office Box GP 933 Accra Tel. 233 -302 – 661752/678972/661782/683300 Fax: 233 -302- 667104/665076 E-mail: [email protected] Website: www.cocobod.gh 2 - 47th annual report & financial statement I - 47th annual report & financial statement TABLE OF CONTENTS Auditors i Registered Office i Table of Contents ii Highlights iii Board of Directors 2015/16 iv Heads of Subsidiaries and Divisions 2015/16 iv Chairman’s Statement v Review of Business Operations 1 1. Producer Price 1 2. Cocoa Purchases Performance and Licensed Buying Companies 1 3. Coffee and Sheanut Purchases/Exports 2 4. Performance of Divisions and Subsidiaries 4 A. Quality Control Company 4 a. Selective Grading of cocoa 4 b. Grading and Sealing 5 i. Cocoa 5 ii. Composition of Bean-size Categories 5 iii. Other Produce Inspected 5 c. Check Sampling 5 d. Disinfestation Activities 5 1. Insect Control Operations 5 2. Shipment Inspection and Treatment 5 B. Cocoa Marketing Company (Gh.) Ltd. 6 a. Shipments and Processing 6 i. Cocoa Beans 6 ii. Cocoa Products 6 C. Seed Production Division 6 a. Hybrid Seed Pods 7 b. Cocoa Seedlings 7 47th annual report & financial statement - II Table of contents cont. D. Cocoa Health & Extension Division 7 a. Field Operations 7 b. CODAPEC & Hi-Tech 8 E Cocoa Research Institute of Ghana 9 TABLE OF a.
    [Show full text]
  • Consumer Watch Information Dissemination; an Effi Cient, Transparent and Business Wpublication from the National 3
    October 2013 NCA’s Vision To become the most forward-looking and innovative Communications Dear Valued Consumers, Regulatory Authority in the sub- elcome to this fi rst edition 2. Empower consumers through region; by creating and maintaining of the Consumer Watch information dissemination; an effi cient, transparent and business Wpublication from the National 3. Bridge existing gaps between friendly environment to enable Ghana Communications Authority (NCA) consumers and other stakeholders; become the premier destination of ICT This publication, which is solely 4. Give a voice to consumers that investment in the sub-region. dedicated to you, is aimed at educating, cannot reach their operators; Our Mission enlightening and protecting you with 5. Provide consumers with complete regard to communication services in the and accurate information in simple and To regulate the communications country. clear language. industry by setting and enforcing We want Consumer Watch to be the Hopefully, there will be other avenues high standards of competence and publication that you rely on to inform for us to get in touch with you for your performance to enable it to contribute you of on-going developments within benefi t. signifi cantly and fairly to the nation’s the industry and assure you that the We urge you to write to us with your prosperity through the provision of NCA takes consumer issues very suggestions and thoughts about how we effi cient and competitive services. seriously and is actively playing its role can together develop this industry for the of Consumer Protection in line with our benefi t of Ghana. National mandate.
    [Show full text]
  • Colonialism and Economic Development in Africa
    NBER WORKING PAPER SERIES COLONIALISM AND ECONOMIC DEVELOPMENT IN AFRICA Leander Heldring James A. Robinson Working Paper 18566 http://www.nber.org/papers/w18566 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 November 2012 We are grateful to Jan Vansina for his suggestions and advice. We have also benefitted greatly from many discussions with Daron Acemoglu, Robert Bates, Philip Osafo-Kwaako, Jon Weigel and Neil Parsons on the topic of this research. Finally, we thank Johannes Fedderke, Ewout Frankema and Pim de Zwart for generously providing us with their data. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2012 by Leander Heldring and James A. Robinson. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Colonialism and Economic Development in Africa Leander Heldring and James A. Robinson NBER Working Paper No. 18566 November 2012 JEL No. N37,N47,O55 ABSTRACT In this paper we evaluate the impact of colonialism on development in Sub-Saharan Africa. In the world context, colonialism had very heterogeneous effects, operating through many mechanisms, sometimes encouraging development sometimes retarding it. In the African case, however, this heterogeneity is muted, making an assessment of the average effect more interesting.
    [Show full text]