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Business News of Thursday, 20 May 1999

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Cocoa-Cola says will invest up to 12 million dollars in Ghana

Accra (Greater Accra) 20 May '99

Coca-Cola Company, the world's leading manufacturer of soft drinks, is to invest between 10 and 12 million dollars in the bottling and production line in the country.

The Senior Vice-President, Mr Carl Ware, said this was because of the confidence and trust the company has in the economy.

Mr Ware, who is also President of the African Group of Coca-Cola Company, said this in Accra on Wednesday when he arrived to participate in the Fifth African-African American (AAA) summit.

He said Ghana's privatisation programme is drawing major companies into the country because of the confidence these companies have in the programme.

Mr Ware said his company would continue to support educational, health and social programmes to enable such beneficiaries to fit into the development of the economy.

He praised the Reverend Leon Sullivan's vision in promoting goodwill and commerce between Africans and African Americans and said he was pleased that the company was supporting the government of Ghana in hosting the Summit.

Mr Dan Abodakpi, Deputy Minister of Trade, who welcomed Mr Ware, expressed his appreciation to Coca-Cola for its support as well as expansion programmes that would create employment.