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Continued fiscal reforms point to positive economic outlook-Oxford Business Group

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Rising industrial and energy output, along with steady declines in inflation and debt levels, combined to support accelerated growth in Ghana in 2017; and continued fiscal reforms point to a positive outlook for 2018.

The economy gained momentum last year, expanding by 7.8% year-on-year (y-o-y) in the first six months, according to Ghana’s 2018 budget statement tabled to Parliament in November.

While full-year results for 2017 have not yet been announced, the performance in the first half of the year put the economy firmly on track to hit government’s year-end growth projection of 7.9%, up from original forecasts of 6.3% and well above 2016’s expansion of 3.7%.

Industry was the best performing sector, growing by an estimated 17.7% on the back of higher-than-expected upstream oil production. The mining and quarrying segment – of which hydrocarbons is a significant contributor – was forecast to record year-end expansion of 52.3%, while power generation was set to rise by 6.7% and construction by 3.7%.

Elsewhere, the services sector, which accounts for 55.9% of economic activity, was expected to post growth of 4.7% in 2017, while agriculture was on track to expand by 4.3%.

 

Hydrocarbons and services to drive future growth

The upward trend is expected to continue into the coming years. The government predicts GDP will increase by 6.8% in 2018, followed by growth of 7.3% in 2019 and 5.6% in 2020.

While hydrocarbons activity is set to spur short-term expansion, the further development of segments such as ICT and education will drive growth in the medium term, according to government estimates.

 

Fiscal reforms help reduce national debt

On top of increased activity in key sectors, 2017 also saw Ghana make progress in efforts to reduce the spending and debt levels.

Since 2015 the country has taken part in an IMF programme designed to improve fiscal management by containing expenditure and making structural reforms to strengthen public finances. In return, the fund has so far disbursed around $565m in financing as part of the three-year $918m programme.

Implementation of the reforms appears to be having a positive effect; the IMF predicted public debt would drop from 73.4% of GDP at the beginning of 2017 to 70.5% by the end of the year, with this rate expected to fall further to 66.1% in 2018 and 55.1% by 2022.   Government is also making progress on narrowing its budgetary deficit, which the IMF expects to progressively decline from 9.3% of GDP in 2016 to 2.8% by 2022.

Despite this progress, the forecast deficit levels for 2017 were still well above the 3.5% target set by the IMF programme; the fund has highlighted the need to maintain fiscal discipline and continue implementing reforms in order to maximise growth potential.

 

Lower inflation drives down interest rates

Inflation has continued to cool, easing to 11.7% in November according to data issued by the Ghana Statistical Service – down from the 15.5% recorded the same month in 2016. The rate was up only marginally from 11.6% in October, which was the lowest level since August 2013.

The food and non-alcoholic beverages sub-index was running at 7.9% as of November, though this was offset by the non-food component which stood at 13.6% – driven largely by higher transport and clothing costs.

Inflation should reach targetted levels of between 6% and 10% by the second quarter of 2018, according to Ernest Addison, Governor of the Bank of Ghana (BoG); however, with oil prices tipped to rise in 2018, further increases in transport costs, along with the decline in the value of the cedi – which lost 5% over the course of 2017 – could contribute to inflationary pressures in the new year.

Lower consumer inflation was supported by a relatively steady rise in the production price index, with wholesale prices up 8.2% y-o-y in October.

The continued fall in inflation flowed into monetary policy. The BoG cut its benchmark interest rate four times throughout the year – to 20% in November, the lowest level since October 2014.

Announcing its reduction, the bank’s monetary policy committee said ongoing declines in inflation, combined with increased economic activity, were the supportive factors in the decision to cut rates.

 

This Ghana economic update was produced by Oxford Business Group.

Agric returning to growth path?

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The 2017 third quarter GDP figures from the Ghana Statistical Service (GSS) have shown that the country’s agriculture sector grew by 10 percent, a significant improvement from the 3.4 percent recorded in the previous quarter.

Prior to this, the last time the agriculture sector recorded growth rates above 10 percent was three years back — third quarter of 2014 — when it grew by 28 percent.

The 28 percent growth was significant because growth had largely been in the negatives from 2012 through to 2014 second quarter.

However, after hitting that figure, growth dipped consistently been below 10 percent – plummeting sharply to 6.9 percent in the fourth quarter of 2014.

In 2015, it further worsened to 0.4 in the first quarter, but inched up to 3.7 percent, 4.4 percent, and 2 percent in the last three quarters respectively.

The year 2016 was nothing to write home about. After rising to 5 percent in the first quarter, the sector’s growth dropped to 3.9, 2.8, and a miserable 1.9 percent respectively for the second, third and fourth quarters.

But the sector showed a bit of hope in 2017 as it grew by 7.7 percent in the first quarter, but dropped to 3.4 percent, and jumped to 10 percent in the third quarter. Fourth quarter figures are yet to be released.

So, the question is: is agriculture returning to the path of growth to live up to its name as the backbone of the economy after being outshone for many years by the other two sectors—industry and services?

Considering the number of interventions being rolled out by the Akufo-Addo-led government, it may be right to say the results are reflecting somewhat in the growth figures.

A notable intervention that was started in 2016 was the Planting for Food and Jobs programme, which was launched in April.

Government has showed commitment to the programme by earmarking GH₵560million in the 2017 budget to the project.

Even though an official report has not been given about the programme’s success or progress, an estimated GH¢1.3billion worth of food – equivalent to 3.8million metric tonnes – was expected at end of the 2017 planting season.

The project is also expected to create 750,000 jobs and increase the production of maize by 30 percent, rice by 49 percent, soybean by 25 percent, and sorghum by 28 percent from current production levels.

Government, in the 2018 budget, unveiled a ‘Marshall Plan for Agriculture’ (MPA) aimed at revamping the sector.

Some of the initiatives under the plan include registering a total of 500,000 farmers under the Planting for Food and Jobs programme, and also recruiting 2,700 extension agents to support it.

Again, government will distribute 200 tractors and matching implements, and 1,000 power-tillers and walking tractors to enhance agric mechanisation.

To address the challenges of irrigation, government said it will also continue to facilitate and promote double-cropping by constructing 50 small dams and dugouts – making available an additional 147ha of irrigable land for crop production.

To also improve livelihoods of livestock farmers in all ten regions and increase meat production, 2,000 livestock farmers will be supported with 70,000 small ruminants (sheep and goats).

The ministry will also support six National Livestock Breeding Stations to produce and distribute 200 crossbred heifers, 1,700 improved pigs, and 100,000 cockerels.

In addition to the aforementioned, the Akufo-Addo Programme for Economic Transformation (AAPET) will establish a GH¢400million fund to de-risk the agriculture and agribusiness sector through sustainable agriculture financing and crop insurance schemes.

The AAPET is aimed at mobilising and leveraging public, private, and public-private partnership investments; modernising and transforming agriculture; and developing major infrastructure projects that support the agricultural zones of the country and industrialisation agenda of government.

It will also support the development of agribusiness start-ups through the establishment of a grant funding facility, and abolish duties on some agricultural produce processing equipment and machinery.

It is hoped that all these interventions will achieve their purpose of setting the agriculture sector on the path of growth so as to retain its position as the true backbone of the economy.

President Kufuor praises local entrepreneurs…calls on youth to emulate Jospong, Despite

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Former President, John Agyekum Kufuor, has called on the youth to emulate the shining examples of indigenous entrepreneurs who through perseverance have established successful businesses that currently employ thousands of people.

“We needn’t go far as the developed world to see where some youth have shown leadership and broken through the mould. Look at Nigeria – now we hear of Dangote. Dangote started when he was a youth, in a way like many of you here – perhaps even younger, in his 20s and 30s. I don’t think he’s more than 60, but now he’s listed among the 20 richest people in the world – creating many jobs for people not only in Nigeria but also in Ghana and Senegal. He’s everywhere,” he said during a courtesy call on him by executives of Ghana Job Bank to interact with the former leader and call on him to be a patron of the initiative.

“Zoomlion [Joseph Siaw Agyepong] looked around, seeing that there is so much filth around us. In earlier times we depended on the local government authorities, but unfortunately the workers came around and just worked superficially. They were not even regular, but this man comes around, organises and employs a lot of people, and it is now a household name,” he said.

He praised the exploits of Osei Kwame Despite and his brother, Ofori Sarpong, in establishing many industries that employ thousands of Ghanaians.

“Every day you tune in to Peace FM and you hear of Dr. Osei Kwame Despite and his brother, Ofori Sarpong. See the industries they are creating, the employment. They own Special Ice mineral water, This Way Chocolate Drink, Neat Fufu. With all due respect, I don’t think it is their book so much as it is their smartness.”

He encouraged the youth to believe in themselves and strive to be employment-generators instead of relying on government for non-existent jobs.

President Kufuor said: “What I want to say to the youth of Ghana is that you must believe in yourself, that you can do it. Unfortunately, it looks like we have not been weaned as a society, with everyone looking up to government.

“If we want to go that way, I am afraid it will take umpteen years before we get there. Government is there alright, but government is to govern; government is not to do business. This is why when I got the opportunity to lead the government of Ghana I decided we would form a ministry to lead private sector development.

“We wanted our society to appreciate that the private sector can only be an infrastructure for the public sector; prepare the grounds, set the framework so the citizenry, the individuals, will take up the challenge of doing things for themselves.”

Education Minister, Matthew Opoku Prempeh; Deputy Communications Minister, George Andah; NSS Executive Director, Ussif Mustapha; and musician Sarkodie were in attendance.

Trade Ministry to appear before Special Committee

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The Trade Ministry is expected to take its turn tomorrow,[January,12,2018] at the ongoing five member Special Committee  sitting set up by Parliament to investigate the issues surrounding the recently held Ghana Excellency Business Awards (GEBA).

According to the Spokesperson for the Committee, Yaw Buabeng Asamoah the Ministry of Trade and Industry will appear before the Committee tomorrow and hopefully by next Wednesday they should finish their work.

It would be recalled that on the 29th of December, 2017, an application by the Minority led by its chief whip, Alhaji Mohammed Mubarak-Muntaka filed a motion, calling for investigations into the levy and collection by the Ministry of Trade and Industry of the Ghana cedi equivalent of various sums of money in U.S.dollars, from expatriate businesses and related matters during the recently held Ghana Expatriate Business Awards in Accra.

Committee Sitting begins

Minority Chief Whip Muntaka Mohammed who was the first witness to appear before the Committee sitting vehemently defended his claim that the presidency was used to make profit for private individuals.

The Asawase MP built a case that it was unethical for the Trade ministry to partner a private organization that promised to give its sponsors a dinner opportunity with the president if they paid up to $100,000.

He showed inconsistencies in the Trade ministry’s responses which first denied playing any role in designing the sponsorship packages but later admitted it collected monies from expatriates and Ghanaians on behalf of the private event body, Millenium Excellence Foundation (MEF).

Second witness to appear before the Committee,  North Tongu MP, Samuel Okudzeto Ablakwa  urged the Trades Ministry to explain some “curious payments” made by the expatriate business community in the controversial cash-for-seat-scandal.

Presenting his case before a parliamentary committee set up to probe the scandal, Samuel Okudzeto Ablawkwa, questioned how a private event organiser, Millennium Excellence Foundation, had access to Trades Ministry facility for its activities.

“They [Millennium Excellence Foundation] took over Room 308 and asked the expatriate business community to send their cheques there.

“How is it possible that this account, which the cheque was lodged into was operated by the financial controller and chief director of the Trade Ministry? he asked.

Prez picks Martin Amidu as Special Prosecutor

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President Nana Addo Dankwa Akufo-Addo has named Martin Amidu as the Special Prosecutor at a press conference held at the Flagstaff House today.

Mr Amidu who was the former Attorney General during late President Atta Mills’ era becomes the first Special Prosecutor for Ghana, in the country’s quest to fight corruption.

The President in announcing the name, said he received the nomination from the Attorney General Sophia Akuffo, and has accepted the nominee, whose name will be forwarded to Parliament for approval when the House reconvenes from recess.

“The Attorney General is by a letter dated to me Thursday 11th January 2018 addressed to me exercised her power of nomination and submitted to me for my acceptance the name of the proposed special prosecutor. I have accepted the Attorney General’s nomination and will in turn submit for Parliament’s approval when it reconvenes on 23rd of January 2018 for its first meeting of this New Year the name of Martin Alamisi Benz Kaiser Amidu to be the first Special Prosecutor under the law,” he said.

The President also noted that Mr. Amidu, although a retired public officer, has accepted the nomination.

He added that Mr. Amidu has the requisite integrity and independence of character to occupy such challenging office.

“I have done so because I am fully convinced that Mr. Martin Amidu, a prominent legal personality who held the high office of the Attorney General of the Republic in the government of the late President John Evans Attah Mills has the requisite integrity, competence, courage and independence of character to discharge effectively the responsibilities of this office.”

Okor Waves put smiles to Aflive Island community

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Okor Waves, a non-governmental community development oriented group, in the Ada East District in the Greater Accra Region, organised a Christmas party and Health screening for the island community of Aflive in the Ada-East district.

The event was dubbed, “HELP Feed a Child and Health screening campaign”, came off on Saturday 23rd December, 2017.

Aflive is one of the around 32 island communities in the Ada East District. It is a deprived island community which lacks basic amenities such as clinic and electricity.

In the bid to share the joy of Christmas, and usher the New Year with the less privileged in its area, Okor Waves decided to share in the joy and of Aflive. The event targeted the children in the community, and ended up being a community party as adults could not resist the sumptuous meals, drinks and other ‘goodies’ given out to the children.

The group in collaboration with the Korle Bu Chapter of Ghana Methodist Students’ Union (GHAMSU), and support from Tobinco Pharmaceutical Company, also concurrently organised a health screening and drug distribution exercise for the community.

Catherine Dela Dzivenu, a philanthropist, entrepreneur, and a high ranking member of the group, said one major thing the group seeks to do is to promote healthy living, and to stand in unity with the youth of the community and its environs, and to help generate ideas to promote the tourism potential of the islands.

Assembly Member for the area, Daniel Ajakpa, and the elders of the community, were grateful to the team and they used the opportunity to seek assistance from benevolent organisations for the community.

Since its inception in 2015, Okor Waves has been organising community and human centred projects for various communities in the Ada East District.

A leading member of Okor Waves, Gideon Nene Agu, expressed joy at the group’s ability to bring smiles to the faces of the community members. He also called on all well-meaning inhabitants of Ada to support Okor Waves’ project.

In some activities for 2017, on Miss Catherine’s birthday on 10th July, smiles were added to the patients and health workers of the Ada East District Hospital at Faith Korpey, Ada.

Catherine and few group members and her friends, donated some items to the Ada East District Hospital to help care for the numerous patients who visit the hospital. The items donated included toilet roll, liquid soap, floor detergents, mops, brooms and boxes of bottled spring water.

The group also gave hampers to each of the admitted patients of the hospital, starting from the maternity ward through the female and children’s ward, to the male ward.

Receiving the items on behalf of the hospital, the senior medical officer of the hospital, Dr. Narh, was very grateful to Catherine and the group, and asked of God’s blessing for the kind heartedness. He promised the items shall be put to good use to the benefit of all patients.

In the year 2018, Okor Waves is looking forward to stakeholders and industry players, and youths of the Ada Traditional Area to render their support to such worthy course the group is putting in place.

MUSIGA Grand Ball was ‘magnum opus’

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After waiting, networking, and having an alcoholic cocktail at the forefront of the State House Banquet Hall in Accra to keep the body and soul while enjoying some fine live tunes from an unknown band, with some carols music playing; here arrived some dignitaries, stakeholders, musicians and the President; Nana Addo Dankwa Akufo-Addo in his fine adopted African print, purplish in colour and full of smiles.

The programme which was held by the Musicians’ Union of Ghana (MUSIGA), has over the years been put together to raise funds for the Aging Musician’s Welfare Fund, as well as the MUSIGA Academy.

The Presidential MUSIGA Grand Ball is classy with good arrangements to honour legends, old and new with live music performance.

Also present to grace the occasion, just to mention a few, were; the reigning GJA Journalist of The Year award winner; Peace FM’s radio chairman, Kwame Sefa Kayi (MC for the occasion), former First Lady; Nana Konadu Agyeman Rawlings. She happens to be a regular guest since time immemorial of the MUSIGA Grand Balls. National Petroleum Authority (NPA) boss; Hassan Tampuli, and a host of other officials.

Speaking at the event on the 29th December last year, President of MUSIGA, Bice Osei Kuffour; Obour, who earlier was furious during a phone call; privately and later got refreshed, touched on the importance of instituting an Aging Musicians’ Welfare Fund, and also pointed out some projects the union is putting in place during his administration, such as the ‘Play More Campaign’, as well as the ‘Future Project’ to make life better for musicians.

President Akufo-Addo delivered a speech, commending musicians and promised to cater to the creative arts industry, as captured in NPP’s manifesto, and hailed the efforts of musicians both old and new; reassuring them of his support for the creative arts industry, and also purchased special souvenirs at an undisclosed amount to assist fund-raising efforts.

In his address, the President paid special tribute to the awardees, saying they and those before them, had put Ghana on the world map through their music.

He added by saying, the current generation of musicians, mentioning names of a few – Sarkodie, Becca, Samini, Shatta Wale, Stonebwoy, Kuami Eugene, amongst others – were playing their part in giving Ghana global recognition through the art of music.

Lifetime Achievement Honours were presented to five deserving recipients: Nana Ampadu (credited with over 100 albums), Jewel Ackah (27 albums), Obuoba J.A Adofo, Fante vocal legend CK Mann, and A.B Crentsil, the “Moses” song fame. They all took home GHc10,000 plus a plaque, and to add to the occasion, to put smiles on their faces was businessman, philanthropist, and politician and Member of Parliament (MP) for Assin North, Kennedy Agyapong, promised to give each of them a monthly donation of GHc 5,000 for the rest of their lives!

His pledge received a tremendous applause from the guests who included President Akufo-Addo, Nana Konadu Agyeman, Chief of Staff; Frema Osei Opare, Information Minister; Mustapha Abdul-Hamid and many other officials and stakeholders and revellers.

Hassan Tampuli who was the chairman for the MUSIGA Grand Ball 2017, in his address, lauded his predecessors for their foresight and sacrifices and the leadership of MUSIGA for the strides being made to develop the music industry.

Starting with a very impressed musical performance for the event came from the Vodafone Ghana Music Award (VGMA) Artist of the Year winner; Joe Mettle. There were other splendid performances on the night that came from Becca, who rendered a touching tribute to Awurama Badu before submitting her own lovely tunes, the “Bronya” boys, Wutah, also did a tribute to late highlife great; Paapa Yankson, Nana Ampadu, AB Crentsil, Daddy Lumba, and the megastar Freddy Meiway of the “Zoblazo” fame from Ivory Coast, crowned it all with an energetic performance that pulled many to the dancing floor and made the night a memorable one.

Some key items were also auctioned to support the Aging Musicians Welfare Fund, such as Paapa Yankson’s trumpet and flute as well as a painting of his portrait, Awurama Badu’s acoustic guitar, and Agya Koo Nimo’s pentatonic xylophone.

Finally, comedian DKB, setting everyone laughing their head off including Nana Konadu who once said the comedian is not funny, this time, laughed so hard, clapped so joyously and among others, gave him a standing ovation.

 

AWA to begin Lagos-Monrovia flights Jan 16

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Ghana’s only domestic and regional airline, Africa World Airline (AWA), will from January 16, 2018 start Lagos-Monrovia service via Accra, as it seek to improve connectivity withing the West African sub-region.

The airline is offering a promotional fare of starting from US$199 on the Lagos-Monrovia route and passengers can log on to www.flyawa.com to book their flight.

Lagos remains the economic capital of the sub-region’s largest economy, Nigeria. Given the enormous economic activities in Lagos, the new service by AWA presents an opportunity to Nigeria and Liberian entrepreneurs seeking to expand.

It would be recalled that AWA on December 12, 2017 started a direct service between Ghana’s capital Accra and Liberia’s capital and key economic hub, Monrovia. The service is expected to deepen trade relations between the two West Africa states.

The airline currently operates flights between the Accra and Monrovia on Tuesdays, Fridays and Sundays. The Accra-Monrovia-Accra flights departs Kotoka International Airport at 11:30hrs on Tuesdays, Fridays and Saturdays and arrive in Monrovia at 13:30hrs. The return flight departs Monrovia at 14:10hrs and arrive in Accra at 16:10hrs.

Ghana and Liberia have very good diplomatic relations. A significant number of Liberians live and work in Ghana, while fishing communities along Ghana’s coasts have relations in coastal Monrovia and regularly visit.

On the economic benefit of the new route opening, Monrovia’s economy is dominated by its harbor – the Freeport of Monrovia – and as the location of Liberia’s government offices. Monrovia’s harbor was significantly expanded by U.S. forces during the Second World War and the main exports include latex and iron ore.

Materials are also manufactured on-site, such as cement, refined petroleum, food products, bricks and tiles, furniture and chemicals. Located on Bushrod Island between the mouths of the Mesurado and Saint Paul rivers, the harbor also has facilities for storing and repairing vessels.

Given Ghana’s numerous traditional and non-traditional exports, the new service opens a new chapter for intra-Africa trade in the sub-region. This presents an enormous opportunity for businesses and investors in both countries.

 

 

OPIC to increase investment, deepen trade ties

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The Executive Vice President of the Overseas Private Investment Corporation (OPIC), David Bohigian, has assured of more investment in the economy and deepening trade and investment ties between the US and Ghana.

“OPIC’s portfolio in Africa, over the past fifteen years, has moved from US$1billion to US$7billion and represents a quarter of OPIC’s overall portfolio. The Trump administration intends to build upon those successes.

“Earlier this year I represented the President’s Council on Doing Business in Africa, and I can tell you that the Trump administration is committed to opening paths to doing more business through trade and investment with Africa.”

He added during a visit to the Appollonia City site in Accra that: “At OPIC, we intend to continue building on the successes of Power Africa. So, I think as more and more U.S investors continue to see the opportunities in Africa and Ghana they will be able to build on the successes and continue to increase our portfolio”.

The Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets.

OPIC also provides businesses with the tools to manage the risks associated with foreign direct investment, fosters economic development in emerging market countries, and advances U.S. foreign policy and national security priorities.

On Appolonia City visit

Commenting on the projects currently ongoing at Appolonia City, Mr. Bohigian was upbeat that they will help bridge the housing deficit in the country at a more affordable price.

“It is really a thrill to see this site you have developed from a vision to a community. OPIC’s work with Ghana Home Loans provides more affordable housing to people, as the terms offered are longer and go beyond a simple ten-year mortgage,” he said.

CEO of Appolonia City, Bright Owusu-Amofa, urged government to continue supporting the real estate sector by providing an enabling environment for the private sector to thrive.

“We are fortunate that the government is supportive of our projects and the wider push to provide the private sector to provide the much-needed housing stock this country requires. We also look forward to special engagements regarding special economic zone status for Appolonia City,” he said.

He further stated that the partnership between his outfit and the GHL Bank will see to it that affordable housing is provided for the country’s growing middle class.

Also speaking at the event, Kojo Addo-Kufuor – Executive Director Business, GHL Bank – thanked OPIC for providing it with the needed funds that have enabled his outfit to transition into a bank.

“In 2006 we set out to establish Ghana Home Loans, and at the time we had no idea where the funding was going to come from. Our enquiries took us to OPIC, and within less than a year US$30million had been established for us to start the business. Since then we have raised another US$30million from OPIC, making it US$60million. It has been the anchor-financing that has made Ghana Home Loans possible, and the transition to become GHL bank,” he said.

Star Beer rewards winners in gold promo

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Ghana’s liquid gold, Star Beer, has rewarded nine customers in the on-going Star Win Gold Promotion, with 2.5g gold bars each. The promo, which was launched earlier last month, seeks to reward loyal consumers with gold bars.

The first batch of winners includes Dzutor Kosi Kente, Ali Seidu, and Price Amofa, all from Tema; Habil Mukhwana, Lashibi; Richard Adekomi, Amakom; Henry Mensah, Suame; Peter Arthur, Asawase; Vivian Danso, Manhyia SarboZongo; and Andrews Amoah, Dichemso Manhyia District.

At a brief and colorful event held at the forecourt of Guinness Ghana Breweries Limited, Marketing Manager for Lagers at Guinness Ghana Breweries Limited (GGBL), Carsten Schemmer expressed appreciation to customers of Star Beer for their loyalty.

He explained that the promotion was one of the company’s way of saying thank you to its customers for their many years of loyalty. “In line with our two consecutive years of winning the prestigious Monde Gold International award for the quality taste of Star Beer, we are using this opportunity to share this gold with Ghanaians,” he said.

Mr. Schemmer indicated that there areover 190gold bars yet to be won during the promotion. He assured other winners outside Accra and Kumasi to be patient since their gold prices will be delivered to them through Fedex.

Speaking on the dynamics, he explained that, consumers just have to open a refreshing Star Beer, look under the crown cork and if one finds GOLD inscribed under the crown cock, all they have to do is to call the dedicated phone number on the neck label. “The Gold will be delivered to the winners by our Gold partners – PMMC Jewelry.”

The Star Win Gold promowhich is expected to run until February 2018, offers consumers an opportunity to win over GH¢3million worth of amazing prizes including gold bars and free drinks of Star Beer.

Brewed from the finest quality of barley, malt, and hops, Star Beer does not only offer every true beer drinker the richest and most refreshing taste in beer, but also celebrates life’s journey and those uniquely Ghanaian values which help you along the way.

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