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Business News of Tuesday, 1 May 2001

Source: GNA

Multi billion-cedi hotel in Ghana

Mr Mike Allen Hammah, Member of Parliament for Effutu, would leave the country on May 2, for the United Kingdom to finalise arrangements with CONTITRADES Limited, a UK-based firm for the construction of a multi-billion cedi 200-room hotel at Woarabeba, near Winneba.

The trip is at the instance of the representatives of the company, who visited the country last year to discuss the possibility of investing in the hotel business in Ghana.

Mr Hammah said the trip would take him to the United States of America for more contacts with investors in that country, who have also expressed their determination to invest in the Effutu constituency to create jobs for the unemployed in the area.

He said CONTITRADES has also expressed its desire to establish a fishing net manufacturing factory in the area to help boost the country's fishing industry.

Mr Hammah explained that his efforts to lure investors to the Effutu constituency was in fulfilment of his electioneering campaign to provide employment opportunities for the people in the area.

He further disclosed that plans have been completed for the construction of a landing beach project to take off soon, adding that fund for the project has been approved by Parliament.

Mr Hammah advised leaders of various fishing groups in the area to make their views known when officials of the firm, which would be implementing the project approach them for a suitable site.

Meanwhile, the MP has called for the co-operation and understanding of the people to ensure the success of various development projects the nation is undertaking in the constituency.