The 8 Toyota minibuses. Inset: Mr. Frederick Attakumah

THE VICE President of AngloGold Ashanti (AGA) Sustainability, Frederick Attakumah has stated that education continues to be the critical sector of Ghana?s development effort.

According to him, AGA believed that the key to unlocking the full potential of the company?s communities lied in human capacity development.

?This is in line with one of AngloGold Ashanti?s values that people are the business and our business is people,? he noted.

Speaking at the launch of the company?s Community Trust Fund in Obuasi, Mr. Attakumah intimated that human capacity development which was transformational in nature would help build up the next generation of Ghanaians.

These Ghanaians would be empowered and enlightened to not only become the breadwinners of tomorrow, but also contribute positively towards the well-being and development of their communities and the nation at large, the AGA Vice President added.

He said the Community Trust Fund was intended to address the identified logistics and information technology needs of basic schools to let students within its concessional area have similar educational experiences and exposures as their colleagues in the cities.

The fund would also support long-term sustainable development in the communities in which the company operates.

This would include funding of social infrastructure, health, education, and youth programmes, arts, culture and heritage.

As regards economic development, the trust fund would consider debt or equity investments in local small and medium scale enterprises ranging from micro-loans to grassroots entrepreneurs to significant amounts to established local firms.

The AGA Vice President noted that the community trust fund was not intended to replace government?s role of infrastructure development, but to partner government and complement current efforts.

In line with its commitment to education, the company also donated a 15-seater Toyota minibus each to eight senior high schools and 110 desktop computers to junior high schools within the concessional area of AGA.

Beneficiaries included Obuasi Senior High Technical School, Jacobu Senior High Technical School, Dompoase SHS, Fomena T. I. Ahmadiyya SHS, New Edubiase SHS, Christ the King Catholic SHS, Asare Bediako SHS and Akrofuom Senior High Technical School.

Under the Stability Agreement with the Government of Ghana, AGA was mandated to establish a community trust fund into which one percent of annual post-tax profits would be deposited and used for community development initiatives.

Since 2004, the company has set aside the one percent of profits after taxes which has accrued a total of $4.3 million (approximately GH?8.6 million) as at the end of 2011.

 From Ernest Kofi Adu, Obuasi

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