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Business News of Tuesday, 20 June 2017


Bawumia hails role of private sector in job creation

Mr Samuel Atta Akyea, Minister of Works and Housing representing Dr. Bawumia at Krapa Mr Samuel Atta Akyea, Minister of Works and Housing representing Dr. Bawumia at Krapa

The Vice President, Alhaji Dr. Mahamadu Bawumia has lauded the role of the private sector in creating jobs observing that economic empowerment are created by individuals through vision.

Mr Samuel Atta Akyea, Minister of Works and Housing who made the remarks on behalf of the Vice President said government can only do its part by creating enabling environment for the private sector to thrive.

He was speaking at a ceremony to inaugurate a concrete products factory at Krapa in the Ejisu-Juaben Municipality of Ashanti Region.

The Erduk Concrete Product factory under the Erduk Group of Companies is a one-stop-outlet for the building construction, civil engineering, real estate, haulage, mining services, sale of concrete products such as kerbs, paving blocks, culverts and Sandcrete blocks including solid and hollow blocks of all sizes.

The vice president disclosed the housing sector was currently faced with a housing deficit of 1.7 million units as such an investment targeted to wipe out such deficit was great news to Government.

We recall that the Erduk Company started operation as a sole proprietorship and has expanded with this huge investment employing over 160 local artisans. As Government we see this company as a partner and will do our best to ensure it thrives to augment our one district one factory initiative.

He seized the occasion to urge Ghanaian contractors and businesses to develop a spirit of excellence in the execution of contracts in order to rock shoulders with foreign counterparts to secure major contracts

The event brought together top hierarchy of stakeholders including traditional rulers, Ministers of State, District and Municipal Chief Executives in the Ashanti Region, the clergy.

Notable among them was Baffour Asare Owusu Amankwatia VI, Bantamahene, who represented the Asantehene, Otumfuo Osei Tutu II, Mr.Simon Osei Mensah, Ashanti Regional Minister,Serwaa Denkyi, Ejisu Juabeng MCE and a high powered delegation from the church of Pentecost led by the Chairman, Apostle Dr. Opoku Onyinah.

Also present was a delegation from Ghacem led by the Commercial Director, Nana Phillip Archer and the Board of Directors of Erduk Group of companies led by the Chairman, Lawyer Kwame Owusu Sekyere

Chief Executive Officer of Erduk Group of Companies, Mr. Eric Duku in his address said the company was born out of a commitment to fulfill the will of God by serving humanity as such it will continue to initiate projects and activities to boost the construction industry.

With a dedicated team of expert in every engineering and construction discipline, available resources we are here to satisfy all infrastructural needs and looking forward to working with you to deliver cost effective and aesthetically satisfying project” he assured

Mr. Duku acknowledged the support of all stakeholders such as Otumfuo Osei Tutu II and assured the company will be inspired to do more to create employment opportunity for the youth within the area and beyond

Baffour Asare Owusu Amankwatia VI, Bantamahene, who represented the Asantehene, Otumfuo Osei Tutu II, said the achievement of Mr. Duku should inspire other young people to take bold business decisions to create employment opportunities not only for themselves, but others. He urged the people and Ashanti and beyond to support the company by patronizing its products

ERDUK Group is one of the leading providers of construction services and concrete products in Ghana. Its quality services coupled with the state of the art facilities and products have elevated the company to be second to none in Ghana and in the West African sub-region and beyond.

The Company started as a retailer of Ghacem cement and assorted iron rod products, then incorporated as a Sole Proprietorship, trading as Erduk Concrete Products and Building Works from December, 2009 until in February, 2013, it was elevated to a distributorship status of Ghacem on probation and in the month of August, 2013 by deed of high Ghacem cement liftings, it was approved and elevated to a fully accredited distributorship status, giving it the mandate to distribute the product nationwide and beyond. Currently, the company operates throughout Ghana and is penetrating the Burkina Faso market as well through an Upper West Based Sub Distributor.