GHACEM pays GH¢2.5m dividend to gov't

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JAMES 12 years ago

This is peanuts!!. How much did they gain from over-pricing the input; clinker? Cement is simply too expensive in Ghana.!!!

This is peanuts!!. How much did they gain from over-pricing the input; clinker? Cement is simply too expensive in Ghana.!!!
KAU 12 years ago

SO THE DUCTH SHARE HOLDERS TAKES 90% AND GHANA GET 10%? JESUS THIS COMPANY HAS A MONOPOLY IN GHANA AND ANY EFFORT BY OTHER PRIVATE PERSON TO SET A CEMENT FACTORY IS FRUSTRATED BY GOVERNMENT!!

SO THE DUCTH SHARE HOLDERS TAKES 90% AND GHANA GET 10%? JESUS THIS COMPANY HAS A MONOPOLY IN GHANA AND ANY EFFORT BY OTHER PRIVATE PERSON TO SET A CEMENT FACTORY IS FRUSTRATED BY GOVERNMENT!!
Mantse 12 years ago

How much net income (profit after tax) did the company make and what percentage share is the government holdings in Ghacem?.

How much net income (profit after tax) did the company make and what percentage share is the government holdings in Ghacem?.
Lydia Jones 12 years ago

By sheer co-incidence, Ghacem pays dividend around the anniversary of Rawlings' seizure of power in Ghana.

One of the most scandalous acts of his government was to sell the government's share in ghacem to the company. So w ...
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By sheer co-incidence, Ghacem pays dividend around the anniversary of Rawlings' seizure of power in Ghana.

One of the most scandalous acts of his government was to sell the government's share in ghacem to the company. So while the company became richer, stronger, and more powerful, the people and government became poorer, and thus less able to control the activities and pricing policies of the company.

Rawlings was complaining that the achievements of his revolution have been reversed by his successors. Well Ghacem is one of his success stories, so he must be very proud that Ghacem has near monopoly of the cement trade in Ghana.

How many shares he got in return is not known. But Rawlings' adviser who advised the government to sell its shares to Ghacem was paid US$1,000,000 in 'consultancy fees', by the company.

Well done JJ!!!
Lydia Jones 12 years ago

The adviser was Mr P. V. Obeng,

The adviser was Mr P. V. Obeng,

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GHACEM pays GH¢2.5m dividend to gov't

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