Atta Krah, PBC MD

The Produce Buying Company (PBC), the leading cocoa buyer in Ghana, retained its position as the overall best company at the Ghana Club 100 awards recently held at the Movenpick Ambassador Hotel in Accra.

The company was also adjudged the leader in the services sector.
Ghana Club 100 focuses on the growth, size and profitability of companies.

Indigenous mobile phone assembling firm, rLG Communications, won the second position with three awards respectively after being adjudged the fastest growing company, best ICT and the best entrant company.

rLG began operations some 12 ago and currently remains the first indigenous assembler of mobile phones and accessories with presence in Nigeria, the Gambia, China and Dubai.

The company locally assembles computer and laptop accessories as well as mobile phones.

Enterprise Life Assurance (ELAC) emerged third followed by Aboso Goldfields (4th) and Ghana Home Loans (5th).

The rest were Kasapreko, Goldfields Ghana, GCNet and Auto Plaza. UT Bank surpassed Zenith Bank to place 10th. A lot of rural banks put up a strong showing, winning a number of the awards.

Organizers of the Ghana Investment Promotion Center (GIPC) also launched the Ghana 2012 economic report published by the Oxford Business Group.

The GIPC has failed to produce its second quarter report for this year, but the third quarter is about to end and it is unknown how many new investors have travelled to the country to do business.

For the first quarter of 2012, GIPC said it recorded a total of 95 new projects with a total estimated value of $1.8 billion, representing an increase of 67.98 percent.

Of the 95 projects, 52 projects, representing 54.17 percent, were wholly-foreign owned enterprises valued at GH?422.77 million while the remaining 43 projects were joint ventures between Ghanaians and foreign partners and valued at GH?1.29 billion.

The total foreign equity was GH?536.19 million while the initial equity transfers was GH?73.57 million. It was expected that 4,468 jobs would be created from the registered projects.

A business desk report

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