Finatrade builds office complex

BY: Arku Jasmine

The need for the government to offer special tax rebate to local and international entrepreneurs investing meaningfully  in the  agricultural sector  became the focus of attention during the grand opening of the corporate headquarters of Finatrade/ Akuafo Adamfo in Kumasi.

The  three-storey edifice, located at Daban, a Kumasi suburb, was inaugurated by the Asantehene, Otumfuo Osei Tutu II, who was the special guest of honour.

Commenting on an appeal by the Chairman of Finatrade Group, Mr Nabil Moukarzel, for the government’s support to entrepreneurs investing in the agricultural sector, especially in the production of cash and food crops, Otumfuo Osei Tutu noted that it was time the government offered special tax rebate to such entrepreneurs.

Explaining, he said offering special tax rebate to entrepreneurs who had shown keen interest in supporting  accelerated growth in the agricultural industry  would motivate them to venture into the manufacturing sector and expand their operations.

This, he said, would create job opportunities for the youth  to enable them to support sustainable socio-economic development.

Commending the management of Finatrade and Akuafo Adamfo for  their commitment to the development initiatives of Ghana  since they established the company in  2001, the Asantehene said  the construction of an edifice in Kumasi had proved that  Akuafo Adamfo, which is a subsidiary of Finatrade, was committed to supporting accelerated growth of  Ghana’s economy.

He said since the company  started purchasing cocoa 13 years ago, it had strived to become the second leading private purchasing cocoa company in the country and had been offering scholarship to  brilliant needy students.

Earlier in his address, the  Chairman of the Finatrade Group, Mr Nabil Moukarzel, said  besides investing in the cocoa industry, Finatrade was  investing massively  in rice production and milling at Sogakope in the Volta region.

By George Ernest Asare