Ghacem Limited has presented a cheque for GH¢2.5million to government, representing a final dividend payment on its 2015 accounts
This brings to GH¢4.7million the final dividend paid on the company’s 2015 account.
Earlier on, GH¢ 2.2million had been presented as interim dividend.
The dividend, which was declared at the company’s 47th Annual General Meeting, represents government’s 400,000 shares held in the company.
Speaking to the media, Strategy and Corporate Affairs Director of Ghacem, Rev. Dr. George Dawson-Ahmoah noted that the payment of dividend due to government is an important event on the company’s calendar — adding that as a true corporate citizen of the land, it gives the company joy to honour its financial obligations, of which dividend payment is no exception.
“We believe the consistent honouring of all financial obligations propels national development, and as such we count on government’s continuous support to the local cement industry so as to boost production and generate more income to drive the cause.”
Dr. Dawson-Ahmoah however noted with grave concern recent statements by the Minister of Trade and Industry, Dr. Ekwow Spio-Garbrah, regarding government’s attempt to place a ceiling on annual importation of cement into the country to sanitise the sector.
“As a major stakeholder in the local cement industry, we appeal to government to expedite action on the issue and bring finality to ensure sanity in the industry,” he said.
Source: B&FTonline