AGA Invests $.5m In Aquaculture
By Daily Guide - Daily GuideBusiness & Finance | Wed, 09 Jan 2008
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ANGLOGOLD ASHANTI (AGA), the largest Gold mining company in the country, as part of its social responsibility, has invested a whopping amount of $550,000 in an ultra-modern aquaculture project at Humasi, a small farming community in the Obuasi municipality of the Ashanti Region.
The project which was commissioned on May 25, 2007 is expected to be operational in the next three years.
Speaking to CITY&BUSINESS GUIDE in an interview at the project site, the manager, Asare Bediako said the project which has a life-span of 10 years seeks to allocate requisite training to beneficiaries in modern aquaculture.
He indicated that by so doing, people would become well acquainted with fish farming to be able to establish their own farms to employ other people.
The project manager explained that people in the operational areas of AngloGold Ashanti have been advised to form identifiable groups to become part of the project.
According to Mr Bediako, such groups after being trained, would be assisted technically and financially to establish their own farms.
He said the groups would enjoy 40 percent shares in their ventures, while the company would enjoy the lion's share of 60 percent.
He disclosed that about 17 people have currently gained employment and that the project is targeting an employment figure of more than 380 as it develops.
The manager pointed out that the project would be developed in such a way that it would have a strong tourism potential base to attract people from all over the world for the purposes of leisure.
The deputy public affairs manager of AGA, Kofi Edusei told CITY&BUSINESS GUIDE that the area which is progressively being developed as aquaculture facility is a mining concession of the company some three years back.
He said the company is abiding by the dictates of the Environment Protection Agency (EPA) which stipulates that an area should be fully reclaimed after mining to afford the people job opportunities.
From Morgan Owusu, Humasi Source: Daily Guide - Daily Guide
The project which was commissioned on May 25, 2007 is expected to be operational in the next three years.
Speaking to CITY&BUSINESS GUIDE in an interview at the project site, the manager, Asare Bediako said the project which has a life-span of 10 years seeks to allocate requisite training to beneficiaries in modern aquaculture.
He indicated that by so doing, people would become well acquainted with fish farming to be able to establish their own farms to employ other people.
The project manager explained that people in the operational areas of AngloGold Ashanti have been advised to form identifiable groups to become part of the project.
According to Mr Bediako, such groups after being trained, would be assisted technically and financially to establish their own farms.
He said the groups would enjoy 40 percent shares in their ventures, while the company would enjoy the lion's share of 60 percent.
He disclosed that about 17 people have currently gained employment and that the project is targeting an employment figure of more than 380 as it develops.
The manager pointed out that the project would be developed in such a way that it would have a strong tourism potential base to attract people from all over the world for the purposes of leisure.
The deputy public affairs manager of AGA, Kofi Edusei told CITY&BUSINESS GUIDE that the area which is progressively being developed as aquaculture facility is a mining concession of the company some three years back.
He said the company is abiding by the dictates of the Environment Protection Agency (EPA) which stipulates that an area should be fully reclaimed after mining to afford the people job opportunities.
From Morgan Owusu, Humasi Source: Daily Guide - Daily Guide
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