Gov’t Gives GH₵237m Support to 16 Local Companies

President Akufo-Addo has disclosed his administration has Given GH¢237 million to sixteen (16) local companies in the country.

According to the president the financial support was to help the companies expand and create new jobs for the masses.

The made this known when speaking at the first stop of his three-day working tour of the Greater Accra Region at the HealthiLife Beverages Ltd, on the Spintex Road.

“The People (Opposition NDC) who for eight years did nothing in this country and who are saying nothing is going on, they should listen very carefully to the things I am saying, to tell them about what is going on in this country.

“their ears are closed, let them open their eyes, they will see that we are transforming Ghana”.

The Support Details

HealthiLife is part of the Kina Group of Ghana-based international companies. HealthiLife Beverages is a celebrated brand among Ghanians for its juices and milk products that are popular with children and adults. The President indicated that Healthlife, an exemplary, Ghanaian owned, industrial enterprise is one of the 16 companies who are being supported under the stimulus programme of government and has led to the increase in the company’s productivity and output. The president added that the support to the company has seen the doubling of the company’s working capital, and particularly the 3.3 million dollars for its raw materials requirements. The company has also benefited from 1.6million dollars support for additional machinery.

According to the President, the company has increased its technical and administration work force to over 300 because they are running three shifts over a 24-hour period of production. “So, you can see what is going. This company is one of the leading companies that is supporting our whole programme of economic transformation. Economic transformation that is going to make Ghanaian enterprises globally competitive” the President Stressed.