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17.01.2007 General News

Corporate Ghana Has Reaped From Stability — Alhassan Andan

By Daily Graphic
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The Managing Director of Stanbic Bank, Mr Alhassan Andani, has commended Ghana for maintaining a growth rate above five per cent for five consecutive years.

He described that achievement as remarkable, particularly for an African country, adding that corporate bodies in the country had benefited immensely from the growth rate.

Mr Andani made the comment in Accra on Monday when he presented a cheque for ¢150 million to the [email protected] Secretariat to support the Golden Jubilee anniversary celebration.

He said Ghana had, over the years, achieved a very stable democracy, integrity and peace, making it a shining example in Africa.

Mr Andani said in spite of the numerous challenges, the nation had stood together as one body, and as it marked its 50th anniversary, Stanbic Bank would want to be part of the celebration.

Stanbic Bank, which began operation in the country in 1999, is said to be the largest bank in Africa in terms of shareholding.

The Chief Executive Officer of the [email protected] Secretariat, Dr Charles Wereko-Brobby, who received the cheque, thanked the bank for the gesture.

In two other separate ceremonies, Gemini Life Insurance Company Limited (GLICO) and PZ Cussons, also donated cheques for ¢100 million and ¢50 million respectively to the secretariat to support the anniversary celebration.

The Executive Director (Technical) of GLICO, Mr Edward Forkuo Kyei, and the Group Brands Manager of PZ Cussons, Audrey Cofie, presented the cheques on behalf of their respective companies.

In addition to the ¢100 million cheque, GLICO also rolled out a personal accident insurance package valued at ¢500 million for the staff of the [email protected] Secretariat.

The package takes immediate effect and would expire in January 2008.

Mr Kyei said the insurance package was meant to encourage the staff to be dedicated to their duties.

He further announced that GLICO would sponsor an essay competition for senior secondary school students with the view to creating awareness among the youth about the contribution of the architects of the country's independence struggle.

Mr Kyei also pledged his company's support, in cash and in kind, to the Greening Ghana initiative.

He said as the nation marked its 50th anniversary, GLICO had a responsibility to contribute to the success of the anniversary celebration.

Dr Wereko-Brobby, who received the cheques, thanked the two companies for their donation.

Story By Kofi Yeboah

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