Business

Ghacem Foundation donates to Southern sector

Deprived communities in the southern part of the country have received free cement bags from Ghacem for their health and educational projects.

Ghacem Cement Foundation (GCF) was established by Ghacem Limited in 2002 as part of its corporate social responsibility (CSR) to assist deprived communities to improve their health and educational infrastructure or build new ones.

Grouped into Southern and Northern sector, this year’s GCF Southern sector donation was held in Cape Coast.

A total of 15,450 bags of cement valued at GHȻ 499,000 were given to selected health and educational institutions in the Greater Accra, Central, Western, Western North, Eastern, Volta and Oti regions.

Welcoming representatives of beneficiary institutions, Prof. Audrey Gadzekpo, member GCF said the objective of the cement donation was to support government’s developmental agenda in ensuring development goes to every corner of the country.

She congratulated the beneficiaries and appealed to them to use the cement judiciously for the purpose of which it was given.

Addressing beneficiaries, Mr Morten Gade, Managing Director, Ghacem said the company sees the Cement Foundation awards as an opportunity to appreciate the impact of its work especially assisting deprived communities of the country who were faced with inadequate resources and limited central government funding.

“As investors we look beyond short-term financial performance, as a result our decisions on investment are not just about returns but about ensuring healthy, productive and sustainable economies and societies,” he said.

Ghacem he explained commits the amount of investment through the GCF to ensure institutions undertake the developmental projects that impacts on lives.

“We are passionate about the strides that the Ghanaian economy has chalked over the past years and we believe that when corporate Ghana throws its weight solidly behind government the ‘Ghana Beyond Aid’ will be a reality sooner than expected,” he said.

Ghacem he reminded in addition to its corporate social responsibility takes its tax obligation seriously as a good corporate citizen and in 2018 alone paid GHȻ 268 million as direct and indirect tax to government.

On his part, Nana Prah Agyensaim VI, Chairman of the GCF said “the annual donation of free cement by Ghacem is a clear attestation that Ghacem is the only cement company in Ghana that is generous and they will continue to be generous provided they are given the right support such as the ban on importation of bagged cement which are also inferior”.

He said when these unfair trade practices were allowed Ghacem would not survive.

By Times Reporter

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