Business News of 2014-03-18

Denmark to support construction of modern industrial complex

Demark has signaled its readiness to provide financial and technical support for the construction of a modern industrial complex by the Suame Magazine Industrial Development Organization (SMIDO).
A large stretch of land covering 1,000 acres had been acquired for the project at Adubinso-Kese.
The Danish Ambassador to Ghana, Ms Margit Thomsen, on Monday undertook an inspection tour of the site to explore possible areas of assistance by the Danish International Development Agency (DANIDA).
She was accompanied by the Director of Programmes of the Danish Private Sector Support Project, Mr Lars Jokers, and on hand to receive them, were the President of SMIDO, Mr Sarpong Boateng, the chief of Adubinsu-Kese, Nana Owusu Apeasa II, and Mr Nyaaba-Aweeba Azongo, Consultant to SMIDO.
Her visit sent a powerful message to the chiefs, land owners and all stakeholders about the need to quickly resolve any outstanding land title issues to pave way for the start of work by the end of first half of the year.
The Ambassador said the Suame Magazine had enormous potential to hit greater technological heights to transform the economic fortunes of the country. That was why Demark was ready to stand with SMIDO every step of the way to turn it into a globally competitive industrial complex.
Mr Boateng hailed the visit and said it was both refreshing and re-assuring to the large number of artisans whose livelihoods largely depended on the successful implementation of the project.
He said they were grateful to the Ambassador for the commitment shown and expressed optimism that the necessary processes would be fast-tracked to allow for the release of funds to begin the project.
He appealed to the Asantehene, Otumfuo Osei Tutu II and political leaders in the Region to join in the efforts at ensuring its successful implementation.