GCNet pays ¢17m dividend to government

The Ghana Community Network Services Limited (GCNet) presented a cheque for GH17 million as dividends for 2016 to government.

The amount represents the final part payment of dividend for 2016 after an earlier payment of GH10 million in the second half of 2016. This brings the total dividend paid to government to GH27 million.

Presenting the cheque on behalf of GCNet, Executive Chairman, Dr. Nortey Omaboe noted that the government has about 27 percent stake in GCNet and had received dividends and corporate taxes over the years.

He further explained that in 2015 government received over GH30 million in corporate taxes from GCNet which demonstrates the company’s commitment to live by its core tenets anchored on integrity, innovation, professionalism and service delivery.

Dr. Omaboe explained that ‘as the pioneer Single Window operator in the country from 2002, GCNet provides e-Solutions to Government, by offering electronic platforms for Revenue Mobilization and Trade Facilitation, easing trade processes with system availability nationwide.’

Receiving the cheque on behalf of government, Finance Minister Ken Ofori-Atta commended the Board of Directors and Senior Management of GCNet for the gesture.

He observed that the payment of dividends by GCNet was timely given the revenue gap that needed to be closed in order to deliver on the many development projects the Akufo-Addo administration had promised.

Mr. Ofori-Atta pledged government’s support to GCNet to remain as the model Private Public Partnership (PPP) that had continuously shown leadership in innovation and service delivery.

Dr. Omaboe led a team of Senior Management including the General Manager, Mr. Alwin Hoegerle, Deputy General Manager, Mr. Emmanuel Darko and Strategy and Communications Manager, Mrs. Aba Lokko.

He later presented GCNet’s proposal on how the loopholes within the revenue stream could be blocked.