Govt to open GIHOC to private sector
There are plans to open up GIHOC Distilleries Company
Limited, a state-owned enterprise, to private sector partnership, the Minister
of Trade and Industry, Mr Haruna Iddrisu, has hinted.
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This, he said, was in line with the government’s vision to boost the production capacity of local companies and create employment through Public Private Partnership (PPP).
Mr Iddrisu made this known when he paid a visit to the company last Monday to acquaint himself with their operations.
He was accompanied by the Chief Director at the ministry, Nii Ansah-Adjaye, and was conducted round by the Managing Director of GIHOC, Ms Kay Kwao- Simmonds.
According to him, GIHOC, which is a major producer of alcoholic beverages in the country, was the only state-owned institution that was able to pay dividend to government and had also made humble gains in the past years.
Consequently, the company is to be listed on the Ghana Stock Exchange (GSE) as a way of raising more capital to match the expansion process.
He said he was impressed with the financial results of the company, stressing the government’s support to assist the company bridge its infrastructural gap with respect to curtailing flooding on its premises.
Ms Kwao- Simmonds said the idea of PPP was a laudable one as it would help to increase their capacity.
She explained that the company was to start the production of non-alcoholic beverages, adding, “it is actually alcoholic and non-alcoholic beverages, so if you watch in the next three months you will be seeing non-alcoholic beverages.”
Story by Jessica Acheampong