GHACEM Limited has presented a cheque for GH˘2.5 million, representing its final dividend payment on its 2012 Accounts, to government.
This brings the total dividend paid by GHACEM on the 2012 Accounts to GH˘4.4million.
The dividend, which was declared at the company’s Annual General Meeting (AGM), represents government’s five percent shares in GHACEM.
Dr. George Dawson-Ahmoah, Strategy and Corporate Affairs Director of GHACEM, accompanied by Thorvaldsen Reidar, Director of Finance of GHACEM, presented the cheque at a short ceremony at the Finance Ministry.
In attendance were two deputy ministers, Messrs Cassiel Ato Forson and Ricketts Kweku Hagan.
Dr. Dawson-Ahmoah, in his remarks, thanked government for its support over the years and expressed the resolve by the Board and Management of GHACEM to remain committed to adding value to its products despite the influx of other cement manufacturing industries.
He, however, said that the recent power outage has impacted negatively on the company’s production since the company depends heavily on electricity for its production.
He therefore commended government for taking a giant step in arresting the situation.
GHACEM, he said, would continue to honour such tax obligations as a loyal citizen and also maintain its quest to assist government to develop the country through its corporate social responsibility programmes targeted at deprived areas of the economy.
Receiving the cheque on behalf of government, Mr. Ricketts Kweku Hagan commended GHACEM for honouring their obligations to the state, as well as the consistency and steady increase in dividends payment to its shareholders including government over the past two years.
Source: Daily Guide
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