Business News of Wednesday, 2 April 2003

Source: Daily Graphic

Government Spends ?1.25 billion On Pre-mix Fuel

The government spends ?1.25 billion as subsidy on pre-mix fuel monthly. The product is sold to fishermen at ?16,000 a gallon, instead of ?22,000. The National Chairman of the pre-mix fuel committee, Mr. Reginald Nibi Ayibonte announced this at a durbar of the chiefs and people of Gomoa Nyanyano in honour of the Vice-president, Alhaji Aliu Mahama, at Myanyano yesterday. The Vice-President is currently on a three-day working tour of communities in the Central Region.

The Vice-President said education is the key to the attainment of sustainable development and an effective tool for poverty reduction and urged the people to take it seriously.

Alhaji Mahama asked them to venture into cassava production to create wealth and jobs. The Vice president announced that a certain percentage of the HIPIC funds will be used to develop the salt industry. He said Ghana has the potential to export salt to all West African countries.

Mr. Adjei-Darko, Minister for Local Government and Rural Development announced that ?17.2b is to be allocated to salt development this year. He said salt producers in the Nyanyano area have applied for a ?6.1 billion loan from the government to expand their business.

The DCE for Gomoa District, Joyce Aidoo, said 10 gari processing machines and ?25 million each have been given to women in Afransie.