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Business News of Monday, 27 May 2002

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Italian Companies To Invest In Ghana

Two Italian companies have declared their intention to invest in food processing and aluminium products in the country and have proposed to open a factory at Ashaiman.

Announcing this at Ashaiman on Sunday, Mr Emmanuel K.K. Teye, Member of Parliament (MP) for Ashaiman, who did not disclose the names of the companies, said the first investor is expected to arrive in the country in June to undertake feasibility studies.

He was interacting with the Ashaiman Youth Coalition (AYC), whose membership cuts across the political spectrum, at a forum organised to outline his programme of action and explain current national issues.

He dismissed criticisms that the New Patriotic Party (NPP) government had failed to deliver on its pre-election promise to generate employment for the

youth, saying job avenues are being created first.

The MP promised to run a transparent and open administration and urged them to contribute ideas for the development of the area.

He expressed regret that Ashaiman has been associated with crime and negative things and entreated the youth to work hard to correct the wrong impression.

On sanitation, Mr Teye said all places of convenience built at unauthorised sites would be demolished because they cause health problems for residents.

He said hawkers on the main streets would also be re-located to give way to vehicular movement.

Mr Ibrahim Baidoo, Assembly Member for Manmmomo Electoral Area called on the youth to come together to help plan development programmes saying viable projects could attract financial support from the Tema Municipal Assembly.

He advised them to get involved in the unit committee elections, to enable them to mobilise the people in their area to initiate development projects.

Mr Etsiba Mensah, Tema Municipal Youth Co-ordinator of the National Youth Council (NYC), appealed to the authorities to expedite work on plans to train the youth to make them employable, noting that the youth are sometimes forced into social vices because they have nothing to engage them.

The youth of Ashaiman commended Mr Teye for being the first MP to initiate a forum to deliberate on matters of the area and urged him to continue doing so.