Groupe Nduom moves 'heavy' investments to Upper West region

Groupe Nduom will this week launch various investment initiatives in the Upper West region, which is considered to be the poorest area in Ghana.

Considered to be the single largest private sector investment commitment by a Ghanaian business, truly unprecedented in the region, the launch will witness an outdooring of some of Groupe Nduom's variety of companies in Wa and other parts of the Upper West Region throughout the week. 

A statement signed and issued in Accra by Mr Richmond Duke Keelson,  General Manager of Corporate Affairs of the Groupe said the move forms part of a continuing commitment to long term investments in the Ghanaian economy.

The official launch of a newly built Upper West Regional Office housing all the companies in Wa will be done by Groupe President and Chairman, Dr Papa Kwesi Nduom on Wednesday, May 4, 2016.  

Senior management personnel of the Groupe, including Senior Vice President, Mrs Yvonne Nduom and others will participate in the event. 

The companies to be launched in the region are those in the Financial Industry: GN Bank and GN Life Assurance; Media, First Digital Television (which includes over 30 channels); Manufacturing, FreshPak and GN Electronics; Technology, Qualtek; Real Estate, Yorke Properties. 

The visit will mark the beginning of the construction of a hotel and affordable homes in the Wa area by Groupe Nduom.

Before the commissioning, the Groupe Nduom team will pay a courtesy call on the Catholic Bishop of Wa.

Groupe Nduom has a policy of investing in areas in need of development and starved of investment capital, the statement said.

The Upper West investments are living proof of Dr. Nduom's call to Ghanaians to invest and support creation of local jobs.  

In the estimation of Groupe Nduom directors, investing in businesses outside the mainstream cities and towns is meant to encourage others to do their part to create value and contribute towards the improvement of lives of people in a region tagged as the poorest in the country. 

According to Dr Nduom, with a well thought-out poverty alleviation programme, no region in the country should earn the "derogatory description as poorest."

Dr Nduom will also commission newly constructed offices of GN Bank in some locations in the Upper West. 

They include Bamahu, Loggu, Bulenga and Tumu. 
The others are Funsie, Busie, Charia and Nadowli . 

GN Bank is well established in Upper West towns like Hamle, Nandom, Jirapa, Lawra, Lambusie and Gwollu. 

Dr Nduom will end his tour of the Upper West Region by attending the ordination of the new Catholic Bishop of Wa on Saturday, May 7, 2016.