• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Business News 201107

Ghana Armed Forces To Operate Kumasi Shoe Factory

30-Jul-2011
/ Business News, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

The defunct Kumasi Shoe Factory is being given a new lease of life as the Ghana Armed Forces takes over its operations under a partnership deal with a Czech Company, Knights.

Lieutenant General Joseph Henry Smith (Retired), Defence Minister, said a holding company �Defence Industries Holding Company Limited (DIHOC)� had been established for the purpose, and that 50-million-dollar credit had been secured to get the place running once again.

This was after he had officially performed the ceremony to mark the takeover of the factory in Kumasi on Friday. He said the initial manufacturing lines would concentrate on the development of the needs of soldiers and other security agencies including the police, fire service, the Customs division of the Ghana Revenue Authority, Immigration Service and the other security agencies.

He added that DIHOC would be managed by qualified civilians as well as qualified retired service personnel who had the experience in the management of business enterprises. The concept, he said, was an indirect response to the government�s new approach to public sector reform to create jobs for the people. �It is very clear that we can solve the basic problem of unemployment if we put our minds to the task. �The examples of Brazil, China and India have taught us that we should pursue the goal of self-sufficiency.�

Brigadier-General Chris Kwadwo Ocran, Commanding Officer of the Northern Command, stated that the GAF had been supportive of the Civil Authority in a number of socio-economic activities such as the construction of bailey bridges and roads, medical outreach programmes, and disaster relief operations among others over the years. �However, it is important that the GAF becomes proactive in the aspects of national socio-economic development needs and responding to threats to human security in the country,� he stressed.

He indicated, however, that the venture the military was undertaking would not compromise the core business of the GAF.

He said DIHOC would employ the youth to avoid the problem of engaging themselves in social vices such as robbery.

Mr Miloslav Machalek, the Czech Ambassador to Ghana, said the initiative would help Ghana to build its industries to enable the country to make good use of its raw materials.

He expressed the hope that the venture would also improve the relations between Ghana and the Czech Republic. Mr Karl Laryea, CEO for Knights emphasized that DIHOC would build a five-megawatt plant of which only one megawatt would be used by the Company, with the rest sold to the Electricity Company of Ghana.

Source: gna

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Locally Made Fabric To Receive Boost During La Homowo

Next Post

IMANI Alert: Revival of Kumasi Shoe Factory

 
 

More Stories

CIMG Customer Satisfaction Index: UMB And 4 Other Banks Lead The Way In Customer Service In Ghana
Global Finance Must Transform To Address Africa's Climate Challenge - Ofori-Atta Urges
Vodafone Director Calls On SMEs To Seize Opportunities At Upcoming Business Runway Event
AGI Urges Government To Incentivize Production
Understand The Nature Of Assets Before Investing – George Allotey
Investing With Purpose: A Guide To Aligning Investment Objectives With Financial Goals
Leverage Microfinance Wins 'Microfinance Company Of The Year, 2022' At The 4th Ghana Credit Excellence Awards
Absa Bank's 10% SME Loan Makes Big Impact With GHS100 Million In Funding
GACL Is ‘Best ERM Compliant Institution’ 2023
Next Post

IMANI Alert: Revival of Kumasi Shoe Factory

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Business News Stories

  • CIMG Customer Satisfaction Index: UMB And 4 Other Banks Lead The Way In Customer Service In Ghana

  • Global Finance Must Transform To Address Africa's Climate Challenge - Ofori-Atta Urges

  • Vodafone Director Calls On SMEs To Seize Opportunities At Upcoming Business Runway Event

  • AGI Urges Government To Incentivize Production

  • Understand The Nature Of Assets Before Investing – George Allotey

  • Investing With Purpose: A Guide To Aligning Investment Objectives With Financial Goals

  • Leverage Microfinance Wins 'Microfinance Company Of The Year, 2022' At The 4th Ghana Credit Excellence Awards

  • Absa Bank's 10% SME Loan Makes Big Impact With GHS100 Million In Funding

  • GACL Is ‘Best ERM Compliant Institution’ 2023

  • Jospong Rice Project: Jospong Group Signs Agreement With EGTA Investment Of Nigeria

 

 
 

Popular Videos

GHANA MONTIE with MAC-JERRY OSEI AGYEMAN on NEAT 100.9 FM (THURSDAY 21-09-23)

#MeManNti with ADAKABRI FRIMPONG MANSO on NEAT 100.9 FM FRIDAY 22/09/23)

Peace Power Sports (22/09/2023)

#MeManNti with ADAKABRI FRIMPONG MANSO on NEAT 100.9 FM FRIDAY 22/09/23)

YE KO FIE with OLA MICHAEL on NEAT 100.9 FM FRIDAY 22/09/23)

Peace Power Sports (22/09/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media