Business News of Wednesday, 6 December 2017
Source: MIMS Ghana
The immense contributions of leading steel and iron rods manufacturer, B5 Plus Company Limited, to the socio-economic development of Ghana has been recognized and rewarded by the President of Ghana, Nana Addo Dankwa Akufo-Addo and his ruling New Patriotic Party (NPP) administration.
B5 Plus Company Limited was adjudged the best foreign-owned Metals and Steel firm in Ghana in the maiden edition of the Ghana Expatriate Business Awards (GEBA) 2017.
GEBA is an award scheme instituted by the Government of Ghana under the auspices of the Ministry of Trade and Industry, in collaboration with the Millennium Excellence Foundation (MEF) to acknowledge the contributions of expatriates and naturalized expatriates to the country’s economic development.
B5 Plus Ghana Limited beat Mantrac, Zamil Steel, R. Rauh, Pasico Ghana, Royal Aluminium, Rafi Aluminium, Wire Weaving Limited, and Lion Aluminium, to clinch the coveted award.
Chairman of B5 Plus Ghana Limited, Mukesh Thakwani and his entourage made up of senior officials of the company, received the award on behalf of the steel giant at the ceremony held at the Movenpick Ambassador Hotel, Accra on Monday, December 4, 2017.
Commenting on the award on the sidelines of the event, Mr Thakwani praised the Akufo-Addo government for recognizing and rewarding the contributions of foreign businesses to the development of Ghana.
He was optimistic that the awards will go a long way to boost the morale of expatriates in Ghana and inspire them to contribute more to the socio-economic development of the country.
Asked what set B5 Plus apart from other steel companies in Ghana, Mr. Thakwani observed that the company has over the years constantly paid attention to quality service delivery through the use of cutting-edge technology and as well as making it a point to help the needy within the communities in which it operates through its corporate social responsibility initiatives.
Earlier in a keynote address, President Akufo-Addo commended the 23 awardees including Unilever Ghana Limited, which was adjudged the Best Expatriate Firm, for their contributions to Ghana’s development over the last 60 years.
He said the government and people of Ghana were highly appreciative of the immense contributions of the expatriates.
According to him, over the 60 years, the Ghanaian economy had faced major challenges which could have compelled foreign businesses in Ghana to migrate to neighbouring countries to do business but noted that they stayed on believing in the potentials of the country and for that they deserve to be honoured.
In attendance at the ceremony were ex-President Rawlings and his wife, Nana Konadu Agyeman-Rawlings, Minister of Trade and Industry, Alan Kwadwo Kyeremanten, Minister of Business Development, Mohammed Awal, Minister of Gender, Children and Social Protection, Otiko Djaba, Chief Executive Officer (CEO) of Ghana Investment Promotion Centre (GIPC), Yofi Grant, members of the Diplomatic Corps, captains of industry, among others.
About B5 Plus
B5 Plus Ghana Limited has established about 15 years ago and headquartered in Tema. It was initially importing steel and iron from Cote d’ Ivoire and South Africa but has grown to the stage where it now exports to other countries.
The multiple award-winning company operates in all the 15 Economic Community of West African States (ECOWAS) nations.
The company’s principal product is steel products which come in seven major categories: Mild Steel, High Tensile & Iron Rods, Galvanized Products, Stainless Steel, Marine & Mining, Roofing & Nails and Concrete & Fencing.