Business News of Monday, 22 June 2015
Cement manufacturer, Ghacem Limited has presented a cheque for GH¢2million to the Government representing a final dividend payment on its 2014 accounts.
The Company had earlier presented GH¢3.7million as interim dividend bringing to a total of GH¢5.7million as final dividend payment by Ghacem for the 2014 Financial year.
The dividend represents the government’s 400,000 shares held in the company.
Mr. Morten Gade, the Managing Director (M.D) of Ghacem accompanied by the Strategy and Corporate Affairs Director, Rev. Dr. George Dawson-Ahmoah, presented the cheque to Mr. Cassiel Ato Forson, Deputy Minister of Finance at a short ceremony at the Finance Ministry.
Making the presentation, Mr Morten Gade noted that Ghacem was committed to fulfilling all its financial obligations to the state including presenting dividends and taxes regularly.
He said this effort could only be sustained if the government continued to support the industry to ensure a level playing field. “Everybody must pay their fair share of taxes, import duties and dividends so companies can all get the conducive environment to operate and grow” he said.
Mr Gade commended the government for the support over the years explaining that as a business entity it would not have survived but for the strong support from the government.
Receiving the cheque on behalf of Government, Mr. Forson, commended GHACEM for honoring their financial obligation to the state regularly and promptly. He described the company as pacesetters worthy of emulation. “Ghacem is always the first to pay both interim and final dividend and if all companies follow suit the government will make a headway in accelerated development.