GHACEM pays GHC4.7m dividend to gov’t

GHACEM Limited has presented a cheque of GHC2.5 million to government, representing a final dividend payment on its 2015 accounts.

This brings the total dividend paid to government to GH¢4.7 million.

An amount of GHC2.2 million was earlier on presented to government as an interim dividend.

The dividend, which was declared at the company’s 47th Annual General Meeting (AGM), represents government’s 400,000 shares held in the company.

Dr. George Dawson-Ahmoah, Strategy and Corporate Affairs Director of GHACEM, said the payment of dividend to government was an important event on the company’s calendar.

“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 propel national development, as such we count on government’s continuous support to the local cement industry to boost production to generate more income to drive the cause,” he said.

Dr. Dawson-Ahmoah urged government to expedite action on its decision to place a ceiling on annual importation of cement into the country to ensure sanity in the industry.