Ghacem Limited, a leading cement producing company in Ghana, has presented a cheque of GH¢3.5 million as part of its dividend payment to government.
The Managing Director (MD) for Ghacem, Mr. Morten Gade, said in December 2016, an initial amount of GH¢4.5 million was paid and that the additional payment of GH¢3.5 million, totalling GH¢8.0 million, represents its final payment of 2016 dividend to government.
The MD said the company as a policy gives a high premium to paying dividends to its shareholders and also meeting its tax obligations. He regretted that payment of dividends in the year 2016 had dipped slightly and as such urged government to support the company’s efforts so as to improve upon its performance.
Ghacem, he said, employs over 850 people, adding that government’s support of the private sector will expand the sector significantly in terms of employment, tax payments and dividends to shareholders.
The Strategy and Corporate Affairs Director, George Dawson Ahmoah also urged government to enforce and implement the Ghana International Trade Commission, Act 926 of 2016.
Receiving the payment on behalf of Government, the Deputy Minister for Finance, Hon. Kweku Agyeman Kwarteng, (MP) stated that the economic management strategy of government included job creation through production and manufacturing. To this end, he said government was pleased to partner and support Ghacem so as to help the company improve upon its performance.
Government, he noted, will showcase its relationship with Ghacem as an example to encourage other business concerns to follow same.
Present at the function were Mr. Anthony Dzadzra, Director, Revenue Policy Division and David Quist, Head, Non Tax Revenue Unit of the Ministry of Finance.
Credit: Ministry of Finance