ADB PLEDGES IMPROVED SERVICES NEXT YEAR

The Agricultural Development Bank (ADB) has assured its customers of continuous improved services next year in its quest to make banking more exciting and relevant.

The Managing Director of the bank, Stephen Kpordzih, gave the assurance in Accra when the bank hosted some of its customers to a treat dubbed “ADB Christmas Customer Cocktail”.

The cocktail was also one of the activities by the bank to show appreciation to its customers for reposing their trust in the bank over the last 12 months of the year.

Established in 1965, the bank is committed to building a strong customer-oriented bank run by knowledgeable and well-motivated staff, and which  provides profitable financial intermediation and related services for a sustained and diversified agricultural and rural development.

Mr Kpordzih also said bank had performed creditably during the year and fulfilled its promise of improving its service delivery in the year and that  the effort has been acknowledged through several awards the bank won

 “The enhanced performance of ADB has been acknowledged in several awards including CIMG Bank of the Year, Africa Investor Agribusiness Investment Award, and an International Award for Business Excellence, which is a new Millennium Award for Banking Services,”  he said.

He said the bank opened 11 new branches as part of its expansion project; refurbished old branches; introduced a new range of products and new channels of transaction, and computerised its systems of banking, adding that these had helped to improve its uptime in credit delivery.

Mr Kpordzih also indicated that the bank now had a VISA platform which was in operation but expected to be formally launched next year to make the bank’s services easily accessible to its customers.

He assured customers of the bank’s efforts to enhance its service delivery in all areas of its operation in the coming year despite challenges the bank is currently facing.

“What is left is to focus our attention more on how to give complete customer satisfaction by dealing with the teething challenges in our change process which includes ATM services, uninterrupted services and the end of month turnaround for credit delivery” , Mr Kpordzih said.

He indicated that the ADB Customer Cocktail was a platform given to the bank’s customers to interact with the bank’s officials and staff to enable the bank obtain feedback to improve upon their services.

“I urge all customers to open up and provide feedback while asking all questions that bother their minds as officials are ready to provide the needed responses.

He also said the bank would continue to finance agricultural activities in Ghana until it reached its 40 per cent contribution target that it had set.

Congress On Africa's Forest Conservation Opens

The Leadership for Conservation in Africa (LCA) Congress has been opened in Accra with a call on business entities to join hands in their quest to develop a business approach in preserving forestry reserves in the country.

Recognising the lead role played by businesses in the economy, there is the need to get more business organisations to share in the LCA’s vision to sustain and transform natural reserves by integrating businesses with the idea of conversation.

Speaking at the opening of the congress, the Vice-President of Gold Fields Ghana, Mr Alfred Baku, said efforts to get businesses to partner the LCA to preserve reserves was a laudable initiative as “businesses can join hands in conservation to share ideas and resources to help give birth to new ideas of conversation” which will help the LCA to realise its vision.

The Deputy Minister of Lands and Natural Resources, Henry Ford Kamel, in his address, pledged the government’s commitment to ensuring conservation of forestry reserves in the country and commended the LCA for such an initiative to develop forest reserves in the country.

He hinted the forum of the government’s wood legislation to make purchase of wood mandatory from only recognised and certified government agencies in the country which is part of measures to curb illegal felling and sale of wood in the country.

The minister also added that efforts by the LCA to transform the Shai Hills into a tourist destination is impressive, considering the number of employment that will be created for the youth if these reserves are transformed and made profitable.

“Over the years, government was able to create employment for about 28,000 people by developing 22,000 hectares of land. If the LCA is going to develop three major reserves in the country, it will help reduce high unemployment rate currently facing the youth.” he noted.

Presenting an overview of the LCA and its Business- led conservation ideology in West Africa, Mr Chris Marais, said measures have been put in place to undertake tourism- related investments for Shai Hills Resource Reserve, Cape Three Points Forest Reserve and Mole National Park through Public Private Partnerships. 

He added that the group, in partnership with the Forestry Commission in Ghana, as well as International and National Business leaders, will undertake these developments in conservation, while involving the community.  The strategies to be used will focus on developing a business plan, securing a 24-month mandate from government and finally implement the plan.

Leadership for Conservation in Africa (LCA) is an African based initiative introduced in August 2006, aiming to protect and develop 20 million hectares of conservation land in Africa by 2020. It currently operates in African countries such as Burkina Faso, Botswana, Cameroun, Cote d’Ivoire, Ethiopia, Ghana, Liberia, Malawi, Madagascar, Mozambique, Namibia, Republic of Congo, The Gambia, 
Tanzania and Uganda. The LCA was founded in Ghana in collaboration with the Forestry Commission and Gold Fields Ghana Ltd, with support from Veolia Water Solutions.

GHANA LIKELY TO INVEST IN THE YUAN

The Bank of Ghana board has given permission to its Treasury Department to invest less than 10 per cent of its reserves in emerging market securities.

This permission may settle the surging argument about the need for Ghana to keep part of its reserves in the Chinese currency, the Yuan, because of China’s growing influence in many economies, especially in Africa.

Central Bank Governor, Paa Kwesi Amissah-Arthur, told the media at a news conference organised by the Monetary Policy Committee (MPC) in Accra that part of Ghana’s international reserves could be in the Yuan only if the investment partners decide on investing in Chinese securities.

The MPC organised the press conference to inform the public about recent developments in the economy for the last quarter and how the central bank would respond to them using its monetary policy tool, the Policy Rate, which helps to determine interest rates charged by the banks. The rate can therefore impact money creation and economic activity.

The Monetary Policy Committee started its 47th regular meeting from October 17 to review developments in the economy after which it decided to maintain the policy rate at 12.5 per cent in spite the worsening global economic environment.

The central bank cited a cocktail of reasons including continued disinflationary pressures in the economy, a 17.4 per cent year-on-year real growth in the BoG’s Composite Index of Economic Activity as well as an improvement in consumer confidence against a marginal dip in business confidence over the quarter ending September this year.

The Bank of Ghana explained that their survey, however, indicated that both consumer and business inflation expectations remained confident on the attainment of single digit inflation for the year.

The bank said the GH¢1.3 billion fiscal deficit was well within the GH¢1.5 billion target for the quarter.

Governor Amissah-Arthur explained the central bank was unable to say specifically whether keeping reserves in Chinese Yuan would be a sure option, but a high ranking official from Treasury said investing in Chinese securities currently rated “˜BBB+” which would mean Ghana has part of its reserves in the Yuan, was being watched with caution.

“What we are looking for are the best investments which will give us the best returns”, the governor said.

The central bank has about 14 corresponding banks which it would use to make high-yielding investments in emerging market securities and assets.

Over the past couple of months, analysts have been divided over whether the time was ripe for the country to keep part of its reserves, currently standing at $5.3 billion, or to 3.8 months of import cover as of October 13, 2011.

The proponents believe that the Chinese influence across Africa and on world trade, Ghana’s changing taste in favour of Chinese goods and taking a cue from neighbouring Nigeria, which has gone that way was a good cue. On the other hand, other economic watchers say Ghana has to monitor the situation for a long time to be able to take a firm position.

On international trade, Mr Amissah-Arthur said the first nine months of this year recorded a provisional balance of trade deficit of US$1.7 billion, compared to the US$2 billion deficit of the corresponding period last year.

In nominal terms, the BoG reported, the cedi depreciation by 3.2 per cent against the dollar between January and September 2011, compared to the 0.1 per cent appreciation it chalked for the same period last year. However, in trade weighted terms, the cedi recorded a nominal effective depreciation of 2.2 per cent by end September and a weighted real effective depreciation of 0.2 per cent during January to August 2011.

GOLD COAST SECURITIES LAUNCHES MONEY MARKET FUND

Gold Coast Securities Limited has launched the Gold Money Market Fund that would invest in short-term instruments such as Treasury Bills, certificates of deposits and short- term secured commercial papers.

The fund requires a minimum initial subscription of GH¢50 for 500 shares with subsequent lots of GH¢10 for 100 shares to be either paid by cash or cheque at the Gold Coast Security branches or First National branches nationwide. 

Speaking at the launch of the Fund in Accra , the Managing Director of the company, Mr Seth Asante, said the fund was designed to meet the needs of customers who wanted an investment vehicle with less risk but with the capacity to maximise returns for them in the short- term.

“It is in this direction that we conceived the Gold Money Market Fund (GMMF) for such fixed – income investors who want the principal amounts invested back plus competitive returns or income,” he noted.

The initial public offer opens from November 17, 2011 to December 16, 2011 and interest rates could accrue on daily basis. The Gold Money Market Fund will thus provide the benefits of pooled funds for larger investments to yield higher and better returns.

Mr Asante also assured investors of the successful implementation of the fund coupled with all benefits associated with investing in the fund.

The Chairman of the Trades Union Congress (TUC), Mr Alex Bonney, in a keynote address, said the institution of the fund was a laudable initiative as it provided a convenient and low-cost means for people to get access to high-yielding money market instruments.

DELTA AIRLINES TO REPLACE OLD FLEET

The Managing Director of Delta Airlines, Mr Pak-Wo Shum, has said the airline has made adquate provisions in its group budget to replace some of its exisiting fleet that plies the Africa route, particularly Ghana.

The move, he said was to ensure that its customers also benefit from the flying comfort it is introducing into its business operations.

Speaking in an interview with the Graphic Business shortly after the airline organised a news conference to announce new packages for its customers as part of the airline’s fifth anniverssary.

“We have also asked our caterers to add some local dishes to the menu on board the aircraft so that our customers from the United States of America (USA) or any part of the who are visiting Ghana for the first time can have a feel of the food they will be eating on arrival”, Mr Shum said.

Meanhwile Delta has partnered Air Nigeria to start its services between Accra and Abuja.

The service, which starts from December 1, 2011, will be a by-weekly flight using a Boeing 767- 300ER aircraft, equipped with 36 business elite seats, 29 seats in economy comfort and 143 seats in economy.

Delta Airline’s Sales Manager for West and East Africa, Mr Bobby Bryan said, “the new Abuja Flight is great news for customers and means Delta now offers non-stop service from Accra to four international cities reflecting our commitment to this market.”

He said; “With the on-going support of our partner, Air Nigeria, our Abuja service will provide more travel options for our Ghanaian customers as well as facilitate business and commerce between Ghana and Nigeria.”

Mr Bryan said the airline was making huge investments into its operations in its quest to maintain its position as one of the leading airlines in the world.

“We have committed about US$2 billion revamp our operations, all in an effort to give customers the best of service and to make them comfortable and safe using our airline to any destination in the world”, he said.

Mr Bryan mentioned the investments it was making in Ghana as the construction of two new gates at the Kotoka International Airport to allow its customers to have an excellent feel before boarding.

“This investment we make here in Ghana is to a clear demonstration of our commitment to do business in Ghana and the rest of the countries on the continent”, he said.

About the other services the airline intends to provide from next month, he said the airline would have a full flat-bed on its Accra-New York service from next month and also fully celebrate its fifth anniversary since it began operations in South Africa; Ghana and Senegal to the United States.

The acting Director of Commercial for Air Nigeria, Mr Olumide Odebiyi, said Air Nigeria, in partnership with Delta Air Lines, was poised towards making air transport accessible by developing new routes and linking same to its existing routes network to better serve the demands of passengers.

“Air Nigeria is committed towards providing convenient travel options to boost trade relations in the sub region especially on the Accra and Abuja route and beyond to further enhance the service options available to the travelling public throughout Ghana,” he added.

The airline has also introduced West African Business Elite Meals to passengers to give them a feel of how African meals taste before their arrival in the country as well as an economic comfort facility while on board. All these are part of activities geared towards improving its services that will build a premium brand for the company as well as consolidate Delta’s regional position.

Delta Airlines, after five years of its operations in Ghana currently operates a nonstop service from Ghana to New York-JFK, Atlanta and Monrovia and serves six African cities in five African countries.

DELTA AIRLINES PARTNERS AIR NIGERIA

Delta Airlines, the first airline to fly direct from Ghana to the United States of America (USA) after the demise of Ghana Airways, has partnered Air Nigeria to start its services between Accra and Abuja. 

The service, which starts from December I, 2011, will be a by weekly flight using a Boeing 767300ER aircraft, equipped with 36 business elite seats, 29 seats in economy comfort and 143 seats in economy. 

Announcing this at a news conference as part of the 5th anniversary celebration of the airline’s services in Ghana, Delta Airline’s Sales Manager for West and East Africa, Mr Bobby Bryan, said “the new Abuja Flight is great news for customers and means Delta now offers non-stop service from Accra to four international cities reflecting our commitment to this market.” 

He said, “With the ongoing support of our partner, Air Nigeria, our Abuja service will provide more travel options for our Ghanaian customers, as well as facilitate business and commerce between Ghana and Nigeria.”

Mr Bryan said the airline was making huge investments in its operations in its quest to maintain its position as one of the leading airlines in the world. 

“We have committed about US$2 billion to revamp our operations, all in an effort to give customers the best of service and to make them comfortable and safe using our airline to any destination in the world,” he said. 

Mr Bryan mentioned the investments it was making in Ghana as the construction of two new gates at the Kotoka International Airport to allow its customers to have an excellent feel before boarding. 
“This investment we make here in Ghana is a clear demonstration of our commitment to do business in Ghana and the rest of the countries on the continent,” he said. 

About the other services the airline intends to provide from next month, he said the airline would have a full flat-bed on its Accra - New York service from next month and also fully celebrate its fifth anniversary since it began operations in South Africa; Ghana and Senegal to the United States. 

The acting Director of Commerce for Air Nigeria, Mr Olumide Odebiyi, said Air Nigeria, in partnership with Delta Air lines, was poised towards making air transport accessible by developing new routes and linking same to its existing routes network to better serve the demands of passengers. 

“Air Nigeria is committed towards providing convenient travel options to boost trade relations in the sub region especially on the Accra and Abuja route and beyond to further enhance the service options available to the travelling public throughout Ghana,” he added. 

JOIN CO-OPERATIVE ASSOCIATION FOR BoG LICENSE - Susu Collectors Urged

Individual money collectors, known locally as ‘Susu’ and all enterprises in that sub-sector are to register with the Ghana Cooperative Susu Collectors Association (GCSCA) as a prerequisite for obtaining formal license from the Bank of Ghana.

The directive from the Bank of Ghana also affects susu enterprises that already have certificate of operation, or have lost their operational license. Membership of GCSCA is a means of compelling the micro and individual deposit takers to be governed under operating rules and guidelines for microfinance institutions in the country.

“Both registered and unregistered members are entreated to register with the Association for further licensing by the Central Bank and failure to comply with the bank’s directive will result in a halt of such operations,” the The General Secretary of the Association, Mr Obed Asamany, told the Daily Graphic in an interview.

The directive by the central bank will be in force January 1, next year and it is to ensure adequate supervision and regulation of susu operators in the country by providing an effective regulatory body to monitor and educate them through structured training programmes and sensitisation.

When the directive becomes operational, all unregistered susu collectors will not have the chance to operate since there will be a high rate of monitoring and the public will be sensitised not to do business with them.

Mr Asamany said there would be no room for unregistered susu collectors to operate in the community because the central bank would collaborate with other agencies to monitor the operations of susu operators.

“The microfinance unit of the Central Bank will carry out onsite inspection of license of operators while the Monitory and Supervision department of the Association will perform community checks to ensure no illegal operations are carried out by unregistered susu collectors.”

He said from January 2012 the association in collaboration with the central bank would introduce uniform documentation materials, a uniform pass book and identity cards bearing the seal of the central bank as well as that of the GCSCA.

An Insurance Fund would also be instituted to safeguard savings of the clientele of the registered members.

The GCSCA operates in all the regions and has a registered membership of 1,400.

LOCAL TEXTILE INDUSTRY ALMOST EXTINCT

The local textile industry, which has come under threat from unfair competition and unbridled imports, is gearing up to lay off more of its employees as a cost-cutting measure.

The Akosombo Textile Limited (ATL) is one of the companies that will lay off up to 1,120 of its employees, accounting for up to 80 per cent of its 1,400 workforce.

Industry players fear that if the situation is not salvaged quickly, it could result in the closure of most of the local textile companies.

The General Secretary of the Textiles, Garment and Leather Employees Union (TEGLEU), Mr. Abraham Koomson, told the Graphic Business in Accra, that the bane of the local textile industry could be traced to the influx of pirated textile designs.

He said the phenomenon now portended an increase in unemployment in the country, as the textile companies prepare themselves to embark on an accelerated laying off of their workers to salvage the collapsing industry.

Mr. Koomson explained that there was a high influx of smuggled pirated textiles in the local market which were sold at cheaper prices at the expense of locally produced quality textiles.

The industry used to employ over 25,000 people but now employs only 3,000, according to TEGLEU, which is expecting further reductions in the employment levels of the battered Ghanaian textile industry.

A study conducted by economic research fellow, Dr Peter Quartey, in 2005 revealed that the market share of the local textile manufacturers has also decreased over the years to only 30 per cent with pirated, smuggled and under-invoiced textiles enjoying 70 per cent market share.

"Not only is the industry affected, the state also enjoys its fair share as it is currently losing most of its tax revenue as most of these pirated textiles are smuggled into the country without the payment of the approved taxes," Mr. Koomson noted.

As of 2002, when the determination was carried out, the Budget Statement of the government indicated an annual loss of GH$30 million the state as a result of illicit textiles imports, adding that the high level of graduate unemployment could be worsened if the textile industry was allowed to increase laying off of workers.

Mr Koomson said although the government had set up a Task Force to check the illicit activities, by clamping down on traders involved in the illegal trade and confiscate their goods to discourage the practice, their efforts have proved futile as the pirated textiles are still smuggled into the market and have gradually taken over the market.

The TEGLEU general secretary also described the actions of the market women as illegal and asked them not to run away when the task force stormed the market to demonstrate they were selling original textiles.

"If you know your business is genuine, why would you close your shop and run away when there is a search for pirated textiles on the market," he quizzed, adding that nobody would stop market women from going about their duties if they traded in genuine textiles imported through approved routes and paid the right duties.

Mr. Koomson also urged the public to assist in clamping down on the illegality by considering the price, which should not be incredibly cheap as that should signal pirated textiles.

He said currently the Task Force was praying the courts for a search warrant to enable them to search stores in the market at random.

"There is no hiding place for smugglers of pirated designs into the country. The action is geared towards saving the economy from the loss of revenue, saving the textile industry from collapse and protecting jobs in the Industry," Mr Koomson stressed.

Plan To Own A House - Addo-Kufuor Advises Youth

The Chief Operating Officer of Ghana Home Loans Company Ltd, Mr Kojo Addo-Kufuor, has encouraged young people not to be intimidated by mortgages but rather educate themselves on it and fashion out how they can use it to own homes.

He cautioned the youth to prioritise their expenditure, avoid unnecessary purchases, and save diligently towards the down payment that is required to access a mortgage.

“My candid advice to young people is to make home ownership their undisputed priority ahead of land purchase, cars, expensive clothing, and even lavish weddings, all of which can be acquired later on in life.  It is all about careful planning and prioritisation,” Mr Addo-Kufuor told the GRAPHIC BUSINESS in an interview.

He specifically cautioned the youth against entering into land purchase agreements without the necessary legal advice since it often resulted in financial loss and invariably delayed the individual’s ability to purchase a home.

Commenting on the inability of many Ghanaians, particularly the youth, to own houses long before their retirement mainly due to the minimum requirements for mortgages, he admitted the reality was that not everyone could own a house at today’s prices.

He, however, challenged the idea that mortgages were the preserve of high income earners and saying through financial arrangements such as mortgages offered by companies such as Ghana Home Loans, a wide range of salaried and self-employed people had successfully joined the property-owning class.

Mr Addo-Kufuor added that Ghana Home Loans clients include bankers, doctors, police officers, junior nurses, prison wardens, teachers, traders, self employed business people, and journalists all of whom had been able to purchase homes because they earned the minimum GH¢600 a month or above.

To qualify for a mortgage, Ghana Home Loans requires the buyer to contribute a minimum 20 per cent towards the transaction and use no more than 40 per cent of their monthly income to service the monthly repayment. Loan repayments are spread over a 20 year period with an option to prepay, making it the longest dated personal loan in Ghana presently.

Mr Addo-Kufuor also observed that another hindrance to homeownership was the preference by some people for house types well beyond their affordability threshold, noting “some young people decide to delay their home purchase until they can afford their dream home” and warned that it was a risky and expensive strategy which could result in the individual going to retirement without their own house.

“Anybody who earns GH¢600 either as an individual or as joint applicants should consider borrowing the minimum US$10,000 mortgage facility and get on the property ladder, even at the bottom with a modest One-bedroom unit. They can then work their way up towards their dream home wherever that may be,” Mr Addo-Kufuor advised.

Asked if the Company had attained its objective, he said only when the very young person entering the world of work thought of homeownership and immediately applies for a Ghana Home Loans mortgage, only then we would they be satisfied. 

The Chief Operating Officer also mentioned that the Equity Release Mortgage and Home Completion Mortgage were two products that the company was still keen to educate the market about since they offered tremendous value to the borrower.

On the issue of land title, Mr Addo-Kufuor advised anybody looking to buy to seek legal advice from a lawyer with a track record in land transactions, explaining that difficulties associated with land title verification as well as protracted litigation had rendered a lot of the property in Ghana unsuitable to be used as mortgage collateral. 

 He disclosed that potentially Ghana’s mortgage portfolio should be 10 per cent of the total domestic productivity (GDP), an amount equivalent to between US$2 billion and US$3 billion. 

“If this was realised, capital infusion of US$2 billion to US$3 billion will literally be injected into the economy with the corresponding benefit to all sectors,” Mr Addo-Kufuor said, adding however that the total residential mortgage pool is currently under US$200 million, which is unacceptable for a country with a middle-income status.”

Ghana Home Loans commenced operations in 2006 and focuses exclusively on the provision of residential mortgage finance for prospective homeowners. It provides a full range of mortgage products, including First Time Buyers, Home Improvement, Home Completion, and Home Construction and Equity Release.

AGRIFA 2011 LAUNCHED IN ACCRA

Government has assured farmers of its commitment to ensuring that future agricultural policies and research will be geared towards developing agricultural institutions in a bid to match the new technological improvement in production, processing and distribution of agricultural products.

This was disclosed by the Vice President, Mr. John Dramani Mahama in a speech read on his behalf at the opening of the Agricultural Fair (AGRIFA ) 2011 in Accra.

Speaking on the theme, “Promoting Local Agricultural Produce With Appropriate Technology: Key to Ghana’s Socio- Economic Development.” He said government realizes the role of agriculture in promoting growth and poverty reduction in Ghana hence there is the need to support the sector to create more jobs to raise over a million Ghanaians out of poverty in 2015.

The influx of foreign agricultural produce unto the local market as a result of trade liberalization tends to undermine the capacity of the local farmers as capital needed to invest in new technologies and agricultural land development to compete is not readily available, He added.

Mr Mahama therefore called on civil socities and organizations, the Private Sector, the Media and all stakeholders in the agricultural sector to play their roles respectively in order to achieve this development.

Nii Amasa Namoale, Deputy Minister for Food and Agricultural addressing the gathering said Agriculture which used to be the largest contributor to Ghana’s Gross Domestic  Product (GDP) has relinquished its position to the services sector due to a decrease in the share of the sector to national output. He said the sector recorded a slight decline from 30.4% in 2006 to 30.2% in 2010 whereas the Services Sector increased from 48.8% in 2006 to 51.1% in 2010. Agricultural growth also decreased from about 7.4% in 2008 to 4.8% in 2010.

The slow growth of the sector is as a result of a number of factors that reduce farmers incentives to invest and produce amongst which are lack of technological change, poor basic infrastructure, access to market and proper irrigation and mechanization development and management.

He however complimented the efforts of government to improve the sector through its policies in modernizing agriculture to enhance food security and stabilize food prices. Some of these policies include buffer stock management, fertilizer subsidy, livestock and fisheries development, irrigation and mechanization systems development.  Some strategies which have been put in place to develop the sector include the Food and Agriculture Sector Development Policy (FASDEP II) and the Medium Term Agriculture Sector Investment Plan (METASIP II) which is being spear headed by the Ministry of Food and Agriculture, (MOFA).

The National Planning Committee Chairman of AGRIFA 2011, Mr Philip Abayori, said the fair which is an initiative of the Agricultural Trade and Investment Promotion Center is aimed at promoting, packaging and marketing local Agricultural produce for the local market to encourage their patronage. The fair is also to compliment governments effort to ensuring production of local agricultural produce for national food security by providing the needed publicity to farmers and fishermen to promote their produce. He said the fair will offer all exhibitors and investors the opportunity to expand their business which will encourage investors to invest in the agricultural sector to support value addition and increase profitability. 

The fair is expected to attract over 50,000 visitors to the site to patronize locally manufactured produce from farmers across the regions.

AGRIFA 2011, sponsored by INDAGRO, Ghana Life Insurance Company, Star Assurance, PHC Motors, Redif, Stanbic Bank, Agricultural Insurance Programme, Produce buying Company and All time Capital is scheduled for October 14 to 22, 2011 at the Ghana International Trade Fair Centre, La.