31st December Movement, Chinese Company In Joint Venture

Koforidua (E/R), July 1, The 31st December Women's Movement (DWM) and the China International Cooperation Company for Agriculture, Livestock and Fisheries (CICCALF) are to establish an agro-processing factory at the Tema export free zone. CICCALF will own 55 per cent shares in the company to be known as Ghana Calf Cocoa International Limited (GCCIL), while Caridem, the commercial wing of the DWM, owns 45 per cent share. This was disclosed by Mrs. Shirley Ayittey, finance and project coordinator of the DWM, when she led a three- member Chinese delegation to pay a courtesy call on the Eastern regional minister, Ms Patience Adow, at Koforidua yesterday. Mrs. Ayittey said the delegation had earlier visited Bunso Cocoa College and the Cocoa Research Institute at New Tafo to find out more about Ghana's cocoa industry. Madam Ling Jian Hui, chairman of the board of directors of GCCIL, said the agro-processing factory will start production by 1999.