April 2010 - Ghanaian-German Economic Association

NEWSLETTER No. 58 April 2010 Page 1 of 17
Dear Members, Dear Clients,
The commencement of the GGEA Solar Energy trade
mission to Germany which also includes visits to the
Hannover Messe, brings into sharp focus Ghana’s
energy challenges and issues that confront policy
makers with regard to the appropriate energy mix for
the country. Robust demand for power in Ghana is
leading to power shortages and placing enormous
pressure on existing power generation facilities. The
booming mining and smelting industry in Ghana is
driving the demand for more power.
Production at Volta Aluminium Company (VALCO) a
major smelting facility in Ghana has come to a halt
mainly due to inadequate power supplies. This is a
major disincentive on the ability of Ghana to attract
investments from companies that rely on massive and
stable energy infrastructure. This situation also creates
tremendous opportunities for energy related companies
to enter the Ghanaian market to fill the energy deficit.
Fortunately for Ghana, commercial production of crude
oil and gas will come on stream in the 4 th quarter of
2010. But should a country like Ghana that receives an
average solar radiation of between 4-6kwh/m2/day and
sunshine duration of 1,800 hours to 3,000 hours per
annum not add solar energy to its energy mix. Should
we not put as much emphasis on solar energy sources
as we seem to be doing to oil and gas? Should we not
also look at other renewable energy sources?
On May 3 rd 2010, the Afrika-Verein in cooperation with
the Hamburg Chamber of Industry and Commerce as
well as the GGEA will organize a programme dubbed
“Ghana Energy Day”. This forum will bring together on
one platform, private sector players in the German
energy sector who are potential Ghanaian investors, the
Ghanaian Minister of Energy and a host of other
stakeholders. The idea behind this programme is to
highlight the energy needs of the country with a view to
attracting the necessary investment to produce to meet
those needs. It is our expectation that German private
sector operators in the energy sector will be convinced
to enter the Ghanaian market to augment energy
production in the country.
As a reminder, preparations to the Automechanika
Middle East Trade Fair in Dubai from 23 rd May to 28 th
May 2010 are still on course. Few tickets for
Automechanika Middle East which covers the full range
GGEA – Ghanaian-German Economic Association
Esseefo Street, Asylum Down, P.O. Box KA 9227, Accra, Ghana
Office time: Monday to Friday 9.00 to 17.00 hrs
of parts for motor vehicles, as well as components for the
drive, chassis, body, electrics and electronic groups,
equipment for vehicle service and repair, bodywork repair
and painting, tyres, batteries and performance systems are
still available at the offices of the GGEA.
Stephen Antwi
President of the GGEA
*GGEA gets new telephone lines*
.
The GGEA would like to announce to our members and
clients that we have new telephone lines:
These are:
• 030 7011206 / 7
• 0263007588
Please Note: The old numbers are still in use but we will
soon change fully to these new numbers
GGEA MEMBER NEWS
Deng trains technicians on solar
vaccine refrigerators
Mr. Bernhard Glaser, M.Sc. in Renewable
Energy, has joined Deng Solar Training Centre (DSTC Ltd)
as trainer and Deng Ltd as Technical Adviser.
DSTC, which is the main solar training centre in Ghana with
international accreditation by ISP, will now be able to
further consolidate and improve its training programmes
and act as consultants on renewable energy projects.
Since his arrival from Germany middle
of January this year Mr. Glaser has
conducted a Solar Water Pumps
training course in Sierra Leone; an
Installation & Maintenance training
course, a Philips Uday solar lantern course, and a
Vestfrost Solar vaccine chill training course in Accra, and
installed an 800 Watt-peak (wp) solar system in the
Western Region.
Likewise Deng Ltd., a leading solar systems provider will be
able to further improve and expand its technical services
Telephone: +233-30-7011206 / 7; 21-257837, Fax: +233-21-257838
Mobile: +233-26-3007588; 24-4715454
Email: info@ggea.net Website: www.ggea.net

Newsletter April 2010 Page 2 of 17
and participate in new and larger solar energy projects.
The scope of work is within: 1.Photovoltaics; 2. Solar
Thermal Systems; 3. Hybrid Systems; 4. Solar Water
Pumping; 5. Wind Power Generation.
Additional services offered are: Advising private and
public sectors on energy saving applications and
strategies.
Mr. Bernhard Glaser may be contacted on e-mail:
bglaser@dengltd.com or Tel. 021- 233779/80 ex.112.
TiGo recruits 33 youth to help increase
subscriber-base
TiGo Mobile Telecom, one of the leading
telecomm operators in the country, has recruited 33
people in the Upper West Region to help promote and
increase the customer base of the company. The 33
employees, mainly young people, would make daily
sales of TiGo phones and SIM cards to the public in
order to draw more subscribers in the region.
Mr Moses Azare, the Upper West Regional Manager of
the company, made this known to the Ghana News
Agency at Wa on Tuesday. He noted that the
employees, who were formerly being paid on
commission, had now been enrolled into the company's
pay roll with effect from April this year. Mr Azare added
that apart from their monthly salaries, there were other
innovations such as a front and back margins that gave
them the opportunity to earn extra money.
“All those achieving the highest growth have been focused
on wireless markets in Africa, Latin America, the Middle
East, India and China,” the report noted.
The only other company, from a developing market, which
also doubled revenue (100 per cent) over the period, was
US-based AT&T, which achieved its feat via acquisition and
reconsolidation of US service providers rather than organic
growth. The report noted that despite being substantially
larger companies than the top ranked three, Vodafone,
seventh on the list, America Movil (fifth) and China Mobile
(sixth) recorded growth between 45 percent and 70 percent
range.
The report also showed that four of the bottom ranked five
companies, British Telecom (BT), Deutsche Telekom (DT),
France Telecom (FT) and Telefonica, were incumbent
operators from four of Western Europe’s largest markets.
“In a nutshell all five bottom-ranked companies have stood
still for three years - BT and NTT in particular are locked
into their highly competitive and low-growth home markets,
and are also primarily dependent on wireline markets,” it
said.
The report said Telefonica, DT and FT had all taken great
He commended them for their services so far and urged
them to continue to work hard to make TiGo the biggest
network in the region in terms of customers and quality
service. Mr Azare said the company intended to
construct a bore hole in one of the deprived
communities in the region this year as part of its social
responsibility. www.ghanaweb.com
MTN tops world telecom operators in
revenue growth
Highlights of the report copied to Ghana
News Agency under the heading “MTN, Bharti and Zain
race ahead as Europeans flounder”, on Tuesday noted
that the top achievers more than doubled their
respective revenues over the three years period.
“Leading the growth chart are MTN, Bharti and Zain
which have all more than doubled their revenues in the
last three years. A chat in the report indicated that MTN
made increased revenue by 140 per cent, Bharti Airtel
of India, 120 per cent, and Zain came third with about
110 per cent over the three year period.

Newsletter April 2010 Page 3 of 17
strides in the past to build businesses beyond their
home countries, adding that collectively they now
generated over 55 per cent of their revenues from
beyond their home markets.
It said over the last three years the trio had been held
back by tough competition and diminishing growth in the
Western European region, and, in the case of DT,
difficulties growing its US operation.
“The results of their efforts in Latin America and Eastern
Europe have not been sufficiently robust to generate
substantial revenue growth for the consolidated
groups,” it said.
TeleGeography Chief Executive, John Dinsdale was
quoted as saying that growth often had a more direct
impact on profitability and the strength of a business,
adding that the next five years would see the growth
rate of telecoms markets drop to less than half of what
had been experienced over the last five years. He said
those companies, which were better equipped to meet
and beat market growth rates would be more richly
rewarded.
The full report focuses on analysis of revenues,
profitability, subscribers, average revenue per user
(ARPU), growth rates, geographic footprint, market
share, competitive positioning and future growth
prospects. It is published as part of TeleGeography’s
GlobalComms Insight service which is a companion to
the GlobalComms Database, a regularly updated online
database of wireline, wireless and broadband
competition.MTN Ghana, one of the earners in the West
and Central Africa (WECA) region currently boast of
eight million subscribers, representing 55 per cent of the
15.1 million total cellular subscribers in Ghana.
In 2009 alone MTN Ghana’s subscriber base grew by
24 per cent and that translates into relatively huge cash
inflows for the market leader. news.myjoyonline.com
GIPC to acquire land for investors
The Ghana Investment Promotion
Centre (GIPC) has initiated processes
to acquire 200 acres of land at Ahanta in the Western
Region, to be leased to investors to develop industrial
parks. Consequently, the GIPC has been engaging with
the Lands Commission to finalise all the necessary
administrative and documentary procedures to facilitate
the acquisition of the facility. Mr George Aboagye, Chief
Executive Officer of the GIPC announced this when he
presented the programmes and policies of the
government aimed at improving the country's business
environment.
It was on the topic: "Initiatives to improve Services to
Investors, “at a luncheon organised by the GIPC and
the Ghana Chapter of the American Chamber of Commerce
(AMCHAM) in Accra on Wednesday. Mr Aboagye said the
GIPC had embarked on the initiative to ensure that land,
which formed the basic core of a company's capital, was
available for investors who would want to establish
business entities along the country’s oil rig. He said so far
the administrative and documentation processes were
going on smoothly adding that the GIPC expected to
acquire the facility long before the start of the oil exploration
which, was expected to begin in the last quarter of this
year. He said ensuring that land was available for business
purposes, the process would not be limited to only the
Ahanta area, saying the GIPC would henceforth engage in
the acquisition of lands at strategic places to serve as land
banks to reduce the difficulties investors went through to
set up businesses. Acquiring land for business
development, just like access to finance, remains a major
problem for investors, Mr Aboagye noted. He said the
GIPC's latest initiative coupled with the efforts of the
government's Land Administration Management Project
would address as well as reduce problems of land
acquisition.
Mr Aboagye told the AMCHAM members that government
had put in place favourable laws in addition to the
international trade regimes that safeguarded the interests of
investors. "There is also continuous revision of the trade
laws to be in-tune with changing trends in business
development."
He said the country had also restructured her banking and
financial sector, which had led to the setting up of more
banks to ensure the availability of funds at affordable rates
for investors. He mentioned schemes such as the Venture
Capital Fund, the Ghana Private Sector Development Fund
and the Export Development and Investment Fund, as
some of the major initiatives by government to ensure
availability of funds for specific investment purposes.
Mr Aboagye said the government was also undertaking
reforms in the public sector, established the Ghana
Community Network and pursuing favourable foreign trade
policies to enhance and improve public sector performance
and create regional integration to widen markets for
products. "There are also massive infrastructural
developments taking place to facilitate movement of goods
and services," Mr Aboagye said. He told the investors that
the GIPC had signed a Memorandum of Understanding
with strategic local and international trade and investment
organisations to promote trade, and urged the AMCHAM
members to increase their investment in the country.
Mr Donald Teitelbaum, US Ambassador, called for a
levelled playing field for all business interests in Ghana to
promote fair competition. He said US companies and
investors preferred competition because they produced
quality products, which were favourites of consumers. Mr
Nick Kyei-Baffour, Vice President of AMCHAM thanked
government and the GIPC for the laudable investment
opportunities, adding AMCHAM members would take
advantage of the opportunities to improve their operations.
Mr Kyei-Baffour called on members of AMCHAM and other

Newsletter April 2010 Page 4 of 17
investors to engage in sound practices to get the best
out of their investments. He said the AMCHAM had
embarked on a membership drive to increase its
representation and called on others to join it.
The AMCHAM later presented a cheque for GHc
10,000,000 to the Golden Heart Trust Fund, a local nongovernmental
organisations, which supports whole-inheart
patients to boost its activities.
www.ghanaweb.com
MTN Ghana subscribers now 8
million
MTN Ghana says it has increased its
subscriber base by 24% to 8 million for
the year ended 31 December 2009.
A statement by the market leader quotes improvements
in network quality and capacity, enhanced value
propositions, the MTN Zone offering as well as loyalty
programmes as key for MTN Ghana’s ability to maintain
its market share of 55% in the face of fierce
competition.
An increased distribution footprint also contributed to
the maintenance of market share.
“MTN Ghana rolled out 729 2G and 531 3G additional
BTS’s for the year. 3G mobile broadband services,
including the internet SIM launch and MTN Loaded,
have been introduced to both the consumer and
corporate segments. At the end of December 2009,
there were approximately 1 million unique hits on MTN
Loaded.”
The MTN Group President and CEO, Mr. Phuthuma
Nhleko, congratulated Ghana for another outstanding
performance.
MTN Group reports sound operational performance for
the year ended 31 December 2009. MTN Group
revenues increased by 9,2% and earnings before
interest, tax and depreciation (“EBITDA”) by 6,7%
based on a sound operational performance for the year
ended 31 December 2009. news.myjoyonline.com
The GGEA is pleased to
announce that Lufthansa
German Airlines offers discounted rates to GGEA
members. All GGEA members are reminded to take up
this attractive offer. Please announce your GGEA
membership status at the Lufthansa desk.
Contact Mrs. Babette Melling on 021 243896 or
babette.atane@dlh.de for more details
Lufthansa, there’s no better way to fly.
UPCOMING EVENTS
Hannover Messe – Hannover, Germany
(19 th – 23 rd April 2010)
HANNOVER MESSE remains the world’s
leading showcase for industrial
technology
Under the new motto "Efficiency - Innovation -
Sustainability", the next HANNOVER MESSE - 19 to 23
April 2010 - will be showcasing innovations, new
developments and technologies, alongside new materials
from the world of industry. With its clear orientation towards
energy, mobility and automation, as well as industrial
subcontracting, HANNOVER MESSE will again embrace
the salient trends affecting every branch of industry.
www.hannovermesse.com
Ticket Price: EUR 53.00 (Contact the GGEA Office for
processes, purchase of tickets and further information)
Bauma 2010 – Munich, Germany
(19 th – 25 th April 2010)
29 th international trade fair for construction machinery,
building material machines, mining machines,
construction vehicles and construction equipment
Bauma features more than a half million square meters
(5,382,131 sq ft) of exhibition space, making it by far the
largest and certainly the most impressive exhibition ever.
No other industry event features a wider range of products
and services. No other exhibition is more international. This
is where all of the market’s leading manufacturers and key
players are represented. This is where innovations are
presented for all sectors. www.bauma.de
(Contact the GGEA Office for further information)
Resale 2010, Karlsruhe,
Germany
(21 st – 23 rd April 2010)
The World’s Leading Trade Fair for Used Machinery
and Equipment
Within a decade, RESALE has grown into the world’s
leading trade fair for refurbished machinery and equipment.
It is now the most important forum for the global used
machinery market - a trade fair where important deals are
done and new contacts made. And: It is the only event

Newsletter April 2010 Page 5 of 17
where used machinery calls the tune. The range of
goods on offer at RESALE impresses visitors from over
113 countries – with visitor quality rising year by year.
www.resale-germany.com
Ticket Price: EUR 43.00 (Contact the GGEA Office for
processes, purchase of tickets and further information)
Interschutz 2010 - Leipzig,
Germany
(07 th – 12 th June 2010)
International Exhibition for Rescue, Fire Prevention,
Disaster Relief, Safety and Security
Steady growth, exhibitors and innovations from all over
the world, and a large international public - these are
what make INTERSCHUTZ so special. And this is why,
for many years now, it has been the world's leading
trade fair for rescue services, fire prevention, disaster
relief, safety and security. The unique mix of
commercial and non-commercial exhibitors has played
a major part in the success of the show. While
manufacturers showcase their latest products and
services, the emergency services are here to
demonstrate how these are actually used, from simple
tools to complex medical equipment and modern
information technology. It will be co-located with the
28th German Fire fighting Convention.
www.interschutz.de
Ticket Price: EUR 41.00 (Contact the GGEA Office for
processes, purchase of tickets and further information)
• Cost: € 3500.00 per participant (This includes
Economy-Class Emirates Airline Flight Ticket,
Accommodation at Novotel World Trade Centre in Dubai
(4 nights), Visa Cost, and Shuttle Service Matchmaking
Event and Evening Dinners)
• Additional cost: € 100.00 company screening cost (if
needed)
This Trade Mission is organised together with the German
Emirati Joint Council for Industry & Commerce (AHK) and
Automechanika Middle East (Epoc Messe Frankfurt
GmbH).
Package:
Entry Passes to Automechanika Middle East 2010;
• Meeting with representative of Schenker AG, a leading
international freight forwarder;
• Visit to a member company of the German Emirati Joint
Council for Industry & Commerce (AHK) in the
Automotive Industry;
• Africa Roundtable Discussion at the Dubai International
Convention and Exhibition Centre with manufacturers
and traders interested in the African Market;
• Visit to the Jebel Ali Port.
Automechanika Middle East is the event for the rapidly
developing automotive aftermarket in the Middle East. The
event covers the full range of parts for motor vehicles, as
well as components for the drive, chassis, body, electrics
and electronic groups, equipment for vehicle service and
repair, bodywork repair and painting, tyres, batteries and
performance systems.
For more information please contact GGEA Office:
Tel.: +233 (0) 30-7011206 /7; 21 257837/8,
Fax: +233 (0) 21 257838/7
Mobile: +233 (0)26 300 7588; 24 4715454
E-mail: tradefair@ggea.net
The Ghanaian-German Economic Association
(GGEA) is organising a Trade Mission to
Automechanika Middle East Trade Fair, the Middle
East’s leading Automotive Aftermarket Event.
• Date: Sunday 23 rd May to Friday 28 th May 2010
• Venue: Dubai International Convention and
Exhibition Centre, Dubai, United Arab Emirates
(UAE)

Newsletter April 2010 Page 6 of 17
Exhibit at Tendence 2010 –
promote Ghanaian handicrafts
Tendence at Frankfurt is the most important consumergoods
event and the leading design platform for the
second half of the year. It is aimed primarily at designoriented
dealers and the high-grade accessories and
gift-article trade.
GGEA invites Ghanaian exporters of handicraft
products to exhibit at Tendence 2010 to help promote
the Ghanaian products on the international market.
Dates for Tendence: 27 – 31 August 2010
Venue: Frankfurt, Germany
Deadline for Exhibitor Application: 31 May 2010.
Contact the GGEA Office for further information.
NATIONAL / ECONOMIC NEWS
UNDP- AMSCO
Assists Northern
Communities of Ghana
The African Management Services Company (AMSCO),
a project of the United Nations Development
Programme (UNDP) executed by the International
Finance Corporation (IFC), has brought a ray of hope to
communities in the Northern Region of Ghana through
the delivery of a timely training programme which
reached 2,313 women shea nut pickers. This was done
as part of AMSCO’s capacity development services
offered to its client - The Pure Company (TPC).
AMSCO, a pioneer of capacity and skills development
in the African SME sector, is also currently offering
management and training services through the support
of 24 AMSCO Managers seconded to 15 companies in
Ghana.
The Pure Company, a shea processing firm situated in
Benkrom in the northern part of Brong Ahafo, started
purchasing shea nuts from the northern part of Ghana
in 2006 through women contractors who have been
organised into groups and cooperatives.
As a development partner, committed to ensuring
successful operations for its client and also contributing
to improvement of the standard of living for people in
the community, AMSCO collaborated with TPC to bring
this much-needed training to the women shea-nut
pickers in the Central Gonja, West Gonja and North
Kintampo Districts in the Northern and Brong Ahafo
regions of Ghana.
As a rule, shea butter produced by traditional methods
is generally of poor quality and this is attributable to
poor kernel quality and the crude method of extraction.
The objective of the training was to educate these women
on preferred methods of harvesting. The women were
taken through the necessary steps in producing quality nuts
and kernels using standard operation procedures (SOPs)
while highlighting the critical control points (CCP) to attain
quality. Through pictorial illustrations and practical
demonstrations, the women understood that the quality of
nuts depended to a large extent on the method used in
harvesting and storing. At the end of each demonstration,
the participants were amazed at the differences achieved in
quality when the preferred method was used. The
participants were very satisfied with the training and
impressed with the quality of nuts and kernels produced.
As a result, they resolved to adopt these new techniques in
treating nuts.
This is expected to improve the market value of shea nuts
produced and make the product more competitive on the
global market. This will translate into new job opportunities,
improved livelihood, poverty reduction and enhanced socioeconomic
well-being of the communities in the northern
sector of Ghana. The theme adopted for the training was
“Sustainable harvesting and processing of Shea Nuts –
Towards Organic and Fair Trade Certification’. The training
package also included modules to sensitise the women on
other social and topical issues such as HIV/AIDS
Awareness and Personal Hygiene. The total package had
the singular aim of contributing towards improving income
levels and livelihoods in the region. www.thebftonline.com

Newsletter April 2010 Page 7 of 17
Inflation Slows for a Ninth Consecutive
Month
Ghana’s inflation slowed for the ninth
consecutive month in March, fuelling
speculation the central bank will cut
interest rates for the third time since
November as early as this week. Inflation slowed to
13.3 percent from 14.2 percent in February, the Ghana
Statistical Service said in a statement handed to
reporters today in the capital, Accra. Prices rose 1.1
percent in the month. “The decline in inflation will
reinforce a rate cut this week,” Sampson Akligoh, an
analyst at Accra-based Databank Financial Services,
said in an e-mail.
crackers, cookies and pasta products.According to him, the
decision to invest in Ghana was based on Ghana’s
credentials as a stable political country coupled with the
good leadership style of President John Evans Atta Mills.
Mr. Branco admitted that the statesmanship and astuteness
of Vice-President Mahama further gave them the courage
to change their original plan to invest in Angola.
The central bank plans to reduce its benchmark interest
rate “gradually” as inflation eases, rather than repeat
February’s 2 percentage-point cut, Deputy Governor
Millison Narh said on March 30. The inflation rate may
end the year at between 9.2 percent and 9.5 percent,
Governor Kwesi Amissah-Arthur said a day later.
Inflation has slowed from a high of 20.7 percent in June
after the domestic currency, the cedi, halted its slide
against the dollar, which had driven up the cost of
imports. The cedi, which declined 15 percent against
the dollar in the first half of 2009, rose 4.5 percent in the
second half of the year and is little changed this year.
Biscuit & Pasta factory to be setup in Ghana
A leading biscuit and pasta manufacturing company in
Brazil, Dias Branco Group of Companies, is to set up a
three hundred million dollar biscuit and pasta factory in
Ghana that will create about one thousand jobs for
Ghanaians. The management of Dias Branco is
expected in Ghana in May this year to conclude
agreements on the modalities in establishing their only
company in Africa in Ghana.
Vice President John Dramani Mahama secured the deal
for Ghana on his recent visit to Brazil. Vice President
Mahama, who is on a four-day official visit to Brazil, was
able to convince the management of Dias Branco to
invest in Ghana as against their original plan to invest in
Angola, a Portuguese speaking sister nation in Africa.
He was accompanied by some Ministers of State and
government officials. Conducting the Vice President and
his entourage around the facilities, the Chief Executive
Officer of the company, Francisco Ivens de Sa Dias
Branco, said the company is currently the leading
company in the manufacture, sale and distribution of
crackers, cookies and pasta products in Brazil. In
addition, it offers wheat flour and wholegrain wheat,
margarine and vegetable shortening and also produces
the majority of two of the principal raw materials for its
The Vice President, John Mahama assured Mr. Branco and
his group of Ghana’s readiness to welcome the company
as it invests in the country. He described Ghana as the
gateway to Africa and that with the rest of West African
sub-region’s total population of more than 240 million
people, there is a guaranteed market for its products.
Mr. Mahama noted that the government of President Mills is
to ensure that companies investing in Ghana would derive
the maximum benefit in return for their investment. He said
this investment would eventually help in solving the
employment needs of Ghana as majority of the workforce
would be Ghanaians, particularly the youth.

Newsletter April 2010 Page 8 of 17
Ghana opens receipt of Expressions
of Interest for Shanghai Expo
The Ministry of Trade and Industry
(MOTI) on Tuesday announced the
opening of the receipt of Expressions of Interest for
companies that wish to participate in the Ghana-China
Business Partnership component of the 2010 Shanghai
Expo.
The programme is being facilitated by MOTI, Office of
the Commissioner General of the Ghana Section of
Shanghai Expo 2010, Togbe Afede IV and the China-
Africa Business Council, China.
Under the Ghana-China Business Partnership
programme, the Government of Ghana, through the
facilitation of Togbe Afede, MOTI and the Embassy of
the People's Republic of China in Ghana, shall prepare
and send a delegation of 50 Ghanaian
companies/enterprises/businesses in various sectors to
China every month over a period of six months. This
was contained in a statement signed by Mr Mahama
Ayariga, Deputy Minister of Trade and Industry and
Commissioner General of World Expo 2010, Shanghai
Ghana Section.
The statement said the delegation would meet with
potential Chinese investors with whom Government
hopes to facilitate Ghanaian-Chinese business
partnerships to expand the country's industrial and
enterprise base. It said all expressions of interest must
be addressed to the Deputy Minister of Trade and
Industry.
The programme schedule is as follows for the various
sectors:
• May 8 - May 15
Agro-processing and plantation agriculture;
• May 22 - May 30
Agricultural machinery;
• June 5 - June 13
Construction and transport sector;
• June 19 - June 27 and July 3 - July 11
Textiles and publishing/printing;
• July 17 - July 25 and July 31 - August 8
Electricals /electronics/plastics;
• Aug.14 – Aug.22 and Sept. 4 – Sept.12
Pharmaceuticals and health tourism;
• Sept.18 – Sept. 26 and Oct. 2 – Oct. 10
Tourism, hospitality and real estates
Touching on developers the statement said October 16-
October 24 is slated for - Power, mining and oil and petrochemical.
It said all expressions of interest must opt to
participate in one of the missions and, except the first
mission; they must reach MOTI at least a month before the
scheduled mission.
Participants will be obliged to pay a fee of $3,000 to cover
all expenses related to the mission in China and shall
purchase their own air tickets.
This fee was determined by the China-Africa Business
Council and covers hotel lodging, meals, inter-city air, rail
and road travels in China, conferencing costs,
interpretation, visits to industrial complexes, administrative
costs among other things for 10 days. All missions shall be
preceded by a compulsory three days seminar to provide
orientation and prepare participants. Every mission shall be
led by a ministerial government delegation.
www.ghanaweb.com
Trade Min, GUTA & GIPC collaborate
against illegal retail trading
The Ministry of Trade and Industry has
indicated plans to aggressively deal with
Foreign Investors involved in illegal retail
trading.
The Ministry in collaboration with the Ghana Union of
Traders Association (GUTA) and the Ghana Investment
Promotion Centre (GIPC) has set aside the month of April
to extensively deal with foreign Investors who are flouting
the trade laws of the country.
Minister of Trade and Industry, Hannah Tetteh, announcing
this, indicated that a task force has been set up to visit
various markets in Accra, Kumasi and Takoradi, to bring
perpetrators of such acts to book.
GUTA has for some time now bemoaned the illegal
activities of foreign businesses and its negative impact on
their businesses. Although a task force was established to
regulate the activities of foreign businesses in the country,
Madam Hannah Tetteh says they have been taken for
granted due to their leniency. She said the action which
begins in April should therefore not be interpreted as an
anti-investment move.
According to her, there is no doubt Ghana needs foreign
investors but every foreign investor is required to comply
with the national laws and regulations… it is not optional
because as Ghanaians when we go to other countries, we
are also expected to comply with their laws and
regulations.” www.citifmonline.com

Newsletter April 2010 Page 9 of 17
Ghanaian businesses
feature at investment
forum in Switzerland
From 24th to 25th March 2010 the 3rd Swiss-African
Business Exchange is taking place in Zurich,
Switzerland with Ghanaian businesses presenting their
portfolios to potential investors.
These businesses were competitively selected by the
Ghana Investment Promotion Centre (GIPC) as part of
the Investment Promotion in Sub-Saharan Africa
(IPSSA) initiative. IPSSA is funded by the Swiss
Government through Swiss Secretariat for Economic
Affairs (SECO) is a technical assistance support to the
GIPC to identify and build a strong portfolio of
investment projects for local and international
promotion.
The 3rd Swiss-African Business Exchange event which
is taking place at the World Trade Centre in Zurich will
provide a platform for marketing specific investment
projects, business exchanges and one-on-one meetings
with prospective investors.
The businesses presented are in the fields of
Agriculture, Manufacturing and Information Technology.
Ghana’s Tourism Ministry is also present at the event
prospecting for investors for the sector.
Several investment projects from Ghana are being
promoted through online database
(www.ipssa.ch/database) for prospective investors.
After this event there will be the Ghana Investment
Forum in Accra in June 2010, to provide a platform for
business-to-business interaction between international
and local entrepreneurs as well as present valuable
contact opportunities. IPSSA is being implemented in
two African countries: Madagascar and Ghana.
Businesses from Madagascar will also be present at
this event.
IPSSA is being implemented by Osec. OSEC is
responsible for mandates in export, import and
investment promotion as well as for promoting
Switzerland as a business location.
www.ghanaweb.com
Ghana, others benefit from a
$40 billion Asia low carbon
initiative
Ghana and some other developing countries will benefit
from a $40 billion Asia low carbon initiative to manage
their forest resources.
The Calcutta News of India reports that the Asian
Development Bank (ADB) has announced plans to
mobilize $40 billion to finance country-led low carbon
growth. This initiative becomes one of the first
international meetings to focus on climate finance since
the end of the global climate change summit in
Copenhagen last December.
At the end of the meeting Friday March 19, 2010 in Manila,
the ADB’s Climate Investment Funds (CIF) made progress
on support for developing countries to act on forests,
renewable energies and building climate-resilient
development. The countries to benefit from approved
grants for the Forest Investment Programme (FIP) are
Ghana, Zambia, Nepal, Burkina Faso, Indonesia, Laos and
Peru. The FIP is designed to provide investments that help
countries better manage their forests, and it also approved
a consultation process for designing a special grant
mechanism for indigenous peoples and local communities,
the report added. www.citifmonline.com
Ghana gets € 190m EU support for
banana producers
Ghana will access part of a 190 million
euro European Union (EU) financial
support for banana-producing countries
to revamp its banana industry.
Reports reaching ghanabusinessnews.com says the ten
countries that are benefitting from this support are all in the
Africa-Caribbean-Pacific or ACP countries and three of
these are in Africa, including the Ivory Coast and
Cameroon.
The EU decided to provide the funds following an
agreement reached in December at the World Trade
Organization (WTO) in Geneva between the EU, ACP and
Latin American countries and the US.
The EU banana regime covers fresh and dried bananas
(excluding plantains), frozen, provisionally preserved and
prepared bananas, banana juice, banana flour, meal and
powder, according to Agritrade. Ghana’s only commercial
producer of banana, the Volta River Estates Limited
(VREL), has had its lows and highs. According to the
World Bank’s 2001 estimates, Ghana needs to produce
close to 60,000 tonnes of banana a year to make her
banana industry sustainable. Ghana, however, at that time
was doing just 5,000 tonnes a year, while Cameroon and
Cote d’Ivoire were producing the same figure every
fortnight.
These figures show Ghana has a lot of catching up to do.
To make an impact on the international market Ghana
needs to make up for the shortfall of 55,000 tones. Current
figures are not readily available. Despite the challenges
however, Ghana rapidly expanded its exports, becoming
the sixth largest ACP supplier in 2007.
This financial support hopefully would boost the sector
further to increase production and export of banana to the
EU. www.citifmonline.com

Newsletter April 2010 Page 10 of 17
Interest in Ghana high at Berlin Fair
The Deputy Minister for tourism Mr.
Kwabena Owusu Akyeampong has noted
that football has become one of the
strong identities of Ghana. He said that
the nation is going to showcase not only
excellent football at the impending world
cup but also the country's tourism brand.
''The world is expecting to see Ghana's good quality
football but we shall also exhibit our nation's exciting
brand'', he said.
World Tourism Organisation (UNWTO) and Mr Ousmane
Ndiaye, UNTWO representative in Ghana. The diplomatic
community of West African Ambassadors serving in
Germany also visited, accompanied by Ghana's
ambassador to Germany, Mr. Paul Ayene.
ITB Berlin is the world's leading tourism fair, with 11,000
exhibitors from across the globe participating.Ghana was
represented by both the public and private sectors.
Ghana's official delegation included Alhaji Amadu Sorogo,
Chairman of the Parliamentary Committee on Trade and
Tourism and Ms Comfort Opoku Ware, Greater Accra
Regional Minister of the Ghana Tourist Board.
Ghanaian companies and businesses which exhibited at
the fair were Continent Tours, Apstar Tours and Travel
Bereau and Sunseekers Tours. The rest were Africa
Regent Hotel and Ghana International Airline while Ankobra
Beach Resort and Ghana Airports Company participated as
trade visitors. The Ghanaian Times
Ghana is well positioned for
Google products
Google Ghana says the strides
made by Ghana in its quest to become the ICT hub in
Africa have positioned the country as a major destination in
the introduction of Google products in the sub-region.
Ghana is the first country in the sub-region where it is now
possible for Google-mail (G-mail) account users to send
and receive SMS to and from the mobile phones of others.
The G-Mail Chat service has been launched to bridge
online and mobile communication through the partnership
between Google and the local mobile telephony operators
except Vodafone which is yet to be finalized. This implies
that a Gmail user can presently send and receive a text
message from the desktop interface directly via SMS to
phones of subscribers of MTN, TIGO, ZAIN and KASAPA.
Speaking to the international media at ITB Travel and
Tourism Fair in Berlin which ended at the weekend, the
the deputy minister was excited at the high level of
interest shown in Ghana at the ITB by the global
tourism community. Asked how he saw this year's ITB
Fair, the Deputy Minister said it was good and that the
diverse interest expressed in Ghana by both businesses
and tourists was great.
Dignitaries who visited Ghana's stand included Mr.
Taleb Rifai, Secretary General of the United Nations
The Country Manager of Google Ghana, Estelle Akofio-
Sowah in an interview with Citi Business said the initiative
is to afford individuals more flexibility for higher efficiency in
the application of modern-day technology in their day to day
endeavors. “Working on your laptop during a hectic day
and picking your phone to send a text may be distracting so
Google gives you the same space to send an SMS to
someone’s mobile phone who might be offline.”
She added that “Google’s approach is to build smooth and
locally relevant product.”She said contrary to other
opinions, the mobile-telephony operators stand to also
benefit from the initiative by way of the response expected
from the user of the mobile phone in a two way
communication. “When you are in your Gmail account,
you’ve got chat box that does not only allow you to chat
between two people that are online but it is also allowing
you to chat with someone via SMS who is offline on their
mobile phone.” She added that “it is free from the Gmail

Newsletter April 2010 Page 11 of 17
account to the phone but a text from your mobile to the
Gmail account is paid for as regular SMS charge.”
www.citifmonline.com
Nigeria, Ghana, Côte d’Ivoire
move to integrate capital
markets
The Ghana Stock Exchange
(GSE), Nigerian Stock Exchange
(NSE), and Bourse Régionale des Valeurs Mobilières
(BRVM) of Côte d’Ivoire have agreed to integrate their
capital markets into West African Securities Markets.
This was part of the decision of regulators of capital
markets in the region in a meeting held recently. To this
end, an executive committee made up of stakeholders
of the West African securities markets will be raised
which will comprise CEOs of all three Exchanges, one
representative from each regulator of the three markets,
a representative from each Central Securities
Depository (CSD), and a broker/dealer representative
from each of the Exchanges. Four organisations were
granted observer status, namely ECOWAS, the West
African Monetary Institute (WAMI), Union Economique
et Monétaire Ouest-Africaine (UEMOA) and the Sierra
Leone Stock Exchange.
Sources at the Nigerian Stock Exchange said that the
executive committee is tasked with overseeing the preintegration
and implementation phases of the initiative.
It would be recalled that, last December, at the 13th
annual African Securities Exchanges Association
(ASEA) conference in Abuja, the sub-regional stock
exchanges signed a Memorandum of Understanding
(MoU) to seal their commitment to the project that has
been undergoing feasibility studies since 2007. “We
have seen the benefits of regional integration in the
global capital markets, and Africa is no different,” said
Ndi Okereke-Onyuike, director general of NSE.
“Our markets may be younger than some, but it is for
this reason we are looking to drive growth through
strategic partnerships. As our economies continue to
develop, it is important that viable businesses are able
to access capital; it is equally important to provide a
safe and effective marketplace to support wealth
creation and to offer product diversity to investors.
“To-date, we have identified the broad objectives of this
initiative, and the strategies that will help us execute the
vision,” said Ekow Afedzie, deputy managing director of
the Ghana Stock Exchange.
“In bringing the regulators and ECOWAS together, we
took the first step towards implementing a very powerful
and far-reaching initiative. With an executive council in
place, we can now begin the process of creating a
unified market in West Africa. We are confident we are
on our way to achieving this vision and goal.”
www.ghanaweb.com
Road show to remove trade
barriers in West Africa launched
in Tema
Country Representative of the
Burkina Shippers' Council in Ghana,
Mr Yaya Yedan, says the elimination of trade barriers in
West Africa was the key to the economic growth of the subregion.
Speaking at the launch of a Trade Show at the parking lot
of the Black Star Line in Tema, Mr Yedan said there was
the need for governments in the sub-region to eliminate
barriers such as excessive documentation and
cumbersome procedures at the ports, checkpoints and
borders to ensure free movement of goods and services.
The initiative dubbed "Borderless" aimed at removing trade
barriers in West Africa was put together by USAID's West
Africa Trade Hub and the World Bank-funded Abidjan-
Lagos Corridor Organization (ALCO).
Mr Yedan explained that "Borderless" was a vision of trade
competitiveness based on the ECOWAS goal of regional
integration.
Mr Amadou Ba, Team Leader of the Improved Road
Transport Governance at the West Africa Trade Hub, said
studies had shown that inefficient transport and trade
barriers translated into higher prices of goods for
consumers.
Mr Ba said apart from importers passing along high
transport costs to consumers, trade barriers were also
discouraging to investors.
"Eliminating trade barriers starts with greater awareness
and continues with partners acting to remove trade barriers.
Borderless is the catalyst for the change," he said.
According to him, "Borderless" meant legal trucks carrying
legal cargoes without being harassed or delayed and urged
governments in the sub-region to co-operate in order to
remove trade barriers along their borders.
news.myjoyonline.com
investing in.
Indian companies invest $277m in six
projects
Indian businesses operating in Ghana
have altogether invested $277 million in
the country, the Calcutta News has
reported citing vice president John
Mahama, without naming the specific
companies and the projects they are
The Vice President is currently attending the India-Africa
Project Partnership Summit in India. He also told the media
in India that an Indian company is setting up a fertilizer

Newsletter April 2010 Page 12 of 17
producing plant in Ghana to serve the market in the
country and for export to India.
The Indian Farmers Fertilizer Cooperative (Iffco) is a
multi-state non-profit organization; he said will produce
enough to meet Ghana’s fertilizer requirements and
export the surplus. According to the report, Ghana is
also wooing Indian investors to fund development of its
oil and gas finds and is in discussions with both
upstream and downstream companies for projects not
just to harness the hydrocarbon assets but also to set
up refineries and other industries.
www.citifmonline.com
Internet providers causing
business losses in Ghana
Many complaints by GGEA members
these days are expressed about the
failure of services of the major internet
providers in Ghana such as Vodafone and others.
What matters for many companies is that Vodafone is
not offering dedicated e mail addresses in most parts of
Accra which is essential for business. Internet services
are bought but not delivered in many cases. Customer
support quite often is poor. One GGEA member
company complained about its IT provider (Vodafone)
who is still not delivering services for its client although
the client paid in advance. The lack of international
standards in ICT in Ghana causes losses for companies
of hundreds of thousand U$. GGEA might consider
further public activities in case more members face
similar challenges through non performance of their ICT
providers. Patrick Martens, GGEA
driver orientation.
They are a 360 degree camera view on screen, park
assistance system, in-car internet access, an i-pod
management system and a BMW night vision that provides
safety at night.
The rest are an integral power active steering and a rear
wheel steering, a four-level adaptable chassis set-up, a
50/50 weight distribution, an up to 8-speed automatic
transmission, brake energy regeneration and a very durable
engine. Launching the product in Accra yesterday, the
General Manager for Sales and Marketing-of Mechanical
Lloyd Company Limited, Mr Morkporkpor Adim, said the
company had represented BMW in Ghana since 1970.
He also indicated that the company invested heavily in
infrastructural, technological and human resource
development with the aim of being the best in the luxury
segment. He stated that the new BMW 5 Series saloon was
well manufactured to meet the present and future needs of
customers. He observed that the vehicle was friendly, fuel
efficient, spacious and also provided safety and comfort for
the driver and his passengers, adding that it could travel
many miles to any part of the country regardless of the
condition of the road.
He noted that the vehicle, which was manufactured in
Germany, reflected a power and unique driving experience
to users. "Some highlights of what makes our new 5 Series
so special is the advanced technology that increases
efficiency and reduces fuel consumption," he said.
Mr Adim said the newly introduced BMW 5 Series saloon
was the sixth generation of the BMW series.
news.myjoyonline.com
INDUSTRY / BUSINESS NEWS
Mechanical Lloyd introduces new
BMW 5 series
A new BMW vehicle has been
introduced into the Ghanaian market
by Mechanical Lloyd Company Ltd,
a car dealing company in Ghana.
The new BMW 5 Series saloon comes with special
features that seek to enhance driving experience and
Business.
Ghanaian named among Most Powerful
Women in Business
Ghanaian Financial Analyst, Lisa Opoku
Busumbru has been named one of Black
Enterprise’s 75 Most Powerful Women in
A recent publication of the US-based Black Enterprise
magazine placed Mrs. Busumbru alongside other influential
women like Oprah Winfrey.
The selection is based on the responsibility of women

Newsletter April 2010 Page 13 of 17
senior corporate executives in developing product lines,
positioning brands, generating revenues and with profit
and loss oversight at the highest levels. In an exclusive
interview with Luv FM’s Kofi Adu Domfeh in Kumasi,
Mrs. Busumbru, who manages the day-to-day activities
of a global financial services giant, noted that women
have to work very hard to be as prominent as men.
She observed that “sometimes men are put in
leadership positions by their fathers, or by just
experience and for us sometimes it’s much more
difficult”. The financial analyst says the first step for
young entrepreneurs to reach greater heights in their
chosen careers is to build a strong reputation.
“Business is all about reputation, so the first and most
important thing is knowing and understanding that
honesty, integrity, good ethics and hard work are the
building blocks of your reputation. And I will encourage
them to invest in themselves, whether it’s in education
or networking” noted Mrs. Busumbru.
She added that it is critically important for women in
business to be self-critical in the way they speak to
people and how they represent their brands.
Mrs. Busumbru is excited young Ghanaian women
executives are taking over the mantle of leadership and
encouraged women in high positions to inspire others to
succeed. She recommended women to “network and
stand out and be proud of who you are and what you
are doing. You take the time to empower young
women… I think it’s important for our gender that we
stand out and speak for ourselves”.
news.myjoyonline.com
which is a promise we make to our clients as insurers.”
www.citifmonline.com
Proposed stock exchanges
integration to take off in 2011
The proposed integration of the stock
exchanges of Ghana, Nigeria and Ivory Coast is now
expected to take off sometime in the early parts of next
year. This implies that brokers in these countries beginning
early next year would be afforded the opportunity to trade
across the respective markets without necessarily crosslisting.
The process officially commenced sometime in December
last year when the three stock exchanges signed a
Memorandum of Understanding to that effect.
The Deputy Managing Director of the Ghana Stock
Exchange, Ekow Afedzie in an interview with Citi Business
said the integration process involves two key steps namely
the issuance of common trading passport for the brokers
and harmonization of the respective trading rules. He
explained that the initiative goes beyond cross-border
trading because it allows a broker in Nigeria who gets
orders, to get in touch with a broker in Ghana to do those
trades on his behalf using technology.
SIC ranked 3rd by Global
Credit Ratings of SA
SIC insurance has now been officially recognised as the
best claim-payment insurance company in the country.
This comes after the company was placed in the AA
category, the third in the rankings by internationally
recognized Credit rating company, Global Credit
Ratings of South Africa.
It begun the process in the latter parts of last year and
completed it recently. The Managing Director of SIC
Insurance, Benjamin Acolatse told Citi Business about
the implication of the rating to the operations of the
company.
“That is a very humble beginning for SIC as far as our
strengths are concerned in Africa because for every
security company like those of us in insurance, it is
necessary for the clients to know the financial strengths
of the company.
Basically this has classified us and given confidence to
our numerous clients about our clean paying ability

Newsletter April 2010 Page 14 of 17
According to him, “the integration process would serve
as a common passport for brokers who make certain
standards to be able to trade across the markets in
West Africa.” He added that “it is also to harmonize all
the rules and regulations especially the listing rules and
the content of prospectuses to enable companies or
potential issuers to have access to capital across West
Africa.”
The decision follows the recent meeting of capital
market regulators of these countries in Lagos during
which a stakeholder executive committee was formed to
oversee all the preliminary implementation procedures
of the initiative.
Mr. Afedzie said the committee comprises of
representatives of all stakeholder entities expected to
reach some definite decisions by the end of the year for
implementation of the initiative in the early parts of next
year. According to him, “the committee would basically
be the decision making body to ensure that decisions
taken are biding.”
He added that “the first assignment for the committee is
to review a consolidated report from the technical
committee that is being prepared by end of April in
order to achieve our targets… we hope by the end of
the year we see some of the rules harmonized and
possibly get the common passport idea passed to
enable brokers trade all over West Africa.
www.citifmonline.com
Zain Ghana introduces Zap mobile
money service
Zain Ghana, a mobile telecommunication
provider in Middle East and Africa, has
introduced Zap service to enable
subscribers and corporate institutions to send and
receive money nation-wide.
Zap is a mobile banking and payment platform that
enables Zain subscribers in "Zap-enabled countries" to
use their mobile phone to withdraw cash or pay for
goods and services, school fees electricity and water
bills and bills of other utilities.
The award winning service has helped to improve
business transactions in some African countries,
including Tanzania, Kenya, Uganda, Malawi, Niger and
Sierra Leone.
being introduced to provide a convenient mode of formal
banking transactions." Mr. Sowah said that subscribers who
registered with the service, would have an account on their
mobile phone as well as a stored account on the Zain
system with the state-of-the-art security application.
He said the service would assist business organisations
send money to their clients in remote areas in the country.
"We at Zain aim at creating a cashless society where Zap
service would be used to make direct purchases instead of
actual exchange of money and improve the living standards
of our subscribers.
"The positive economic and social effects on the community
we serve would be abundant with the introduction of this
service", Mr. Sowah said. He explained that the service
would be managed through Zain accredited agents and
banks including United Bank of Africa, Standard Chartered
Bank and Ecobank. Mr. Sowah said the company would
soon improve on the service to enable individuals in other
countries to send and receive money from their relatives in
Ghana.
"We have started with the regulations and other policy
development and after clearance the service would
commence," he said. www.ghanaweb.com
Ecobank and Guinness Ghana
Brewery push Index up
The GSE All-Share Index, the
benchmark measure, gained
marginally by 8.23 points at 5,796.82
points as Ecobank Ghana and Guinness Ghana Brewery
Limited rallied to push it up. The gain brings the year to
date change to 4.03 per cent. On the broader market, there
were four price changes, equally shared among the gainers
and laggards. Ecobank (EBG) gained GH¢0.05 at GH¢3.50
and Guinness Ghana Brewery Limited adds GH¢0.01 at
GH¢1.38. The laggards were Produce Buying Company
and Ghana Oil Company, which dropped by GH¢0.01 each
at GH¢0.12 and GH¢0.19 respectively.
Traded volumes closed the session at 664,639 shares
valued at GH¢605,047.18. Market Capitalisation closed the
session marginally up at GH¢17,622.54 million.
www.ghanaweb.com
Launching the service in Accra on Tuesday, Mr. Philip
Sowah, Country Manager of Zain Ghana said, a survey
indicated that 80 per cent of Ghana's work force was
not saving at the bank and was keeping at unsafe
places at home. He said such individuals also
undertook cash-based transactions that posed security
threat adding "It is as a result of this that this service is

Newsletter April 2010 Page 15 of 17
MUNICH TO MAURITIUS
RESALE Organiser moves to
Cologne
USETEC gains a strong partner in
Hess GmbH
Swift on the heels of USETEC’s baptism, the next
strong partner has already been gained. Two days ago,
Koelnmesse and the FDM (German Association of
Machine and Tool Wholesalers) announced that
USETEC, World Trade Fair for Used Technology, will
be held in Cologne from 6 to 8 April 2011 – and
organised by Koelnmesse and supported by the FDM
as expert sponsor. Now Hess GmbH, the experienced
organiser of the RESALE trade show, has also been
brought on board for the new Cologne-based event.
After RESALE 2010, Hess GmbH will join USETEC as a
co-organiser and contribute its many years of
marketing, sales and industry experience to the new
trade show. In time-honoured fashion, Hess will help
direct the global platform’s focus on the used machinery
and systems sector. At the same time, Koelnmesse,
with its subsidiaries and agencies in more than 80
countries, will act as guarantor for a strong international
industry trade show. Koelnmesse and Hess will be
concentrating their collective forces in order to position
USETEC as a leading international event from the very
start.
Hess is a co-founder of
RESALE and has
continuously developed the
platform over the last 15
years. “Over the past few
years, Hess has been the industry’s expert partner,
standing for proven quality and appreciation of our used
market,” says Kurt Radermacher, Managing Director of
the FDM. “The partnership between Koelnmesse, Hess
and the FDM gives us the ideal conditions for a strong
trade show platform for the used machinery sector in
Cologne.”
“The move to the trade show metropolis Cologne will
enhance the status of the industry platform. It provides
the used machinery sector with a venue that can
compete among the top international players,” says
Florian Hess, Managing Director of Hess GmbH. “After
RESALE 2010, we look forward to contributing our
market know-how towards the profitable combination of
a strong exhibitor association and a globally active trade
show organiser. Our overseas network of more than
70partners, with whom we have maintained personal
contact for many years, will be a major factor behind
USETEC’s successful positioning as a leading new trade
show.”
Cologne is the perfect location for the World Trade Fair for
Used Technology. It is situated at the heart of Europe with
a large catchment area: 20 million Europeans are within a
radius of 100 km. The Cologne fairground boasts optimum
transportation infrastructure to national and international
locations. The international airports Cologne/Bonn and
Frankfurt, numerous motorways and international train
connections provide an easy link to the world wide target
groups of USETEC.
USETEC will showcase used machinery
and systems for all industries and sectors -
from construction machinery and
commercial vehicles, robotic
systems, machine tools for metal and wood
processing, all the way to plastics processing and
information and telecommunications technology.
The USETEC concept combines tried and tested elements
with new features: Besides the benefits from many years of
used machinery trade fairs with an experienced sales and
marketing team there will be optimum conditions for
presenting machines at USETEC. Also, the connection to
leading online media fits the current development of the
global used market perfectly.
World Bank approves USD 228m for
Abidjan/ Lagos corridor
The World Bank has approved USD 228
million for the first phase of the Abidjan-
Lagos Trade and Transport Facilities Programme. The
project will help overhaul the main transport artery
stretching from Abidjan to Lagos, and the customs and
immigration posts and systems located on it.
This regional operation will help improve the movement of
people and facilitate trade between the five countries
served by the corridor – Cote d’ Ivoire, Ghana, Togo, Benin
and Nigeria. The 9,988 km coastal corridor links some of
the largest and economically most dynamic capitals in
Africa (Abidjan, Accra, Lome, Cotonou and Lagos), and
serve a population of over 35 million people.
Several segments of the corridor account for the highest
traffic in West and Central Africa, with up to 10,000 people
and several thousands of vehicles crossing borders each
day. Daily Graphic

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