The World Bank has given the go ahead to Zoomlion Ghana Limited and its affiliates to participate in its projects.
This is as a result of the company’s completion of the World Bank’s Corporate Compliance Programme.
A release signed by the World Bank Group’s Integrity Compliance Office at Washington DC, said the bank had, consequently, cleared the company from its sanctions list.
“I wish to officially inform you of the ICO’s determination that Zoomlion Ghana Limited and its sanctioned affiliates have satisfied the conditions of its release from sanction of debarment’ the release said.
This release means that Zoomlion and its affiliates have, as of September 23, 2015, become eligible to participate in World Bank-funded and administered projects.
Commenting on the issue, the Executive Chairman of Zoomlion Ghana Limited, Dr. Joseph S. Agyepong, said fast thriving companies such as Zoomlion Ghana Limited were bound to face numerous challenges, “but the manner in which we acknowledge and respond to such challenges determine whether or not we will survive. Our resolve to overcome the challenge is what has brought us this pleasant outcome”.
Dr. Agyepong further said “the Corporate Compliance Programme has brought a strong corporate code of ethics and integrity policies and procedures which now remain a hallmark of all our operations across Africa and further afield”.
He explained that Zoomlion Ghana Limited took the waste management landscape in Ghana by storm, with the introduction of various sophisticated initiatives in the year 2006.
The company has contributed immensely in areas such as the sports industry in CAN 2008 and 2010, employment generation as it has over 3,000 core staff and 65,000 project staff, and also organized various health promotion activities, he explained.
It has also introduced some major environmental and waste management projects to boost its operations, such as a robust public education programme, construction of an ultra-modern Transfer Station, Compost Plant, Waste Management Institute and a liquid waste treatment plant, among others.
Dr. Agyepong thanked God, the selfless and dedicated management and staff of Zoomlion, the government and people of Ghana for their tremendous support during the challenging times.