TDC pays GH¢1.2m dividend to gov’t

IMG_9801The Tema Development Corporation (TDC), yesterday presented a cheque for GH¢1.2 million being dividend for 2014, to the Government of Ghana as compared to GH¢250,000 paid in 2013.

The outgoing Minister of Water Resources Works and Housing, Alhaji Collins Dauda, received the cheque on behalf of the government and commended the corporation for improving upon their performance, and urged other State Owned Enterprises (SOEs) to emulate it.

According to him SOEs were established to perform specific functions, compete with the private sector, pay themselves as well as declare dividends to government, and eventually wean themselves from government subvention and support.

Alhaji Dauda indicated that after weaning themselves from government support, they should now look for private partnership with foreign investors in order to expand their activities to bridge the country’s housing gap.

“As you have improved upon your financial standing, you now have to look for a reliable partner to help you reduce the housing deficit facing the country,” adding that, the financial track record of the corporation would assist it to attract businesses who would be ready to work with it.

The Minister reiterated the government’s commitment to change the status of TDC into a formidable company, to enable it to operate outside state control.

He urged the corporation to continue with its corporate social responsibility in the catchment areas.

The TDC Board Chairman, Emmanuel Oko Adjetey, assured that everything possible would be done to maintain the discipline and tranquility the corporation is currently enjoying, in order to execute the agenda on its drawing board.

“We have made a lot of investment in education, housing, capacity building of staff and logistics and equipment, to enable the corporation deliver on its core mandate to the people,” he said.

He said all arrears had been cleared, and every effort is being made to transform the corporation into one of the most credible SOEs in the country.

He urged Alhaji Dauda, now the Minister of Local Government and Rural Development, to use his expertise to improve upon where his predecessor had left off, adding “We are sure you would be able to overcome the challenges facing your new appointment”.

By Lawrence Vomafa-Akpalu   

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