Super User

Super User


                      Mr Samuel Ayim Kwapong, GM, Fresh Pak (food packaging manufacturing company based in Elmina) We are about a year old and specialise in the production of polystering packaging materials for food and related products. Just about 10 months, we are all over and our competitors are beginning to feel the heat. The power challenges did not help us in the first half but we still did well and we are hoping to do even better. Victor Opoku-Mintah, GM, Coconut Beach Resort, Elmina We are a hotel of choice for rest and relaxation and strive so hard to delight our customers so that they can repeat their visits. We contribute a lot to the group and we are optimistic of good results at the end of this year. Patrick Anumel, CEO, GN Bank We are in a transitional period now after receiving our universal banking license in September, last year. We have almost completed the requirements of that license and we have built up all the structures that we require for a takeoff. We intend to increase our locations to 300 by the end of the year. Mr Andrew Fiifi Simpson, GM, GN Life We started business in July , 2015,and have gone into a bancassurance arrangement with GN to sell our products. We aim at providing customers with specialised products that give satisfaction beyond those in the market. We also want to mobilise long-term funds for the group to use and invest. Nii Kote Nikoi, GM, GN Investment Companies We are in a difficult environment currently with the cedi being volatile, debt on the rise and the IMF porgramme coming in to help. But as a company, we stay disciplined to our strategy, trying to recommend suitable solutions to clients. Because of that we are slightly above the difficult targets we set for ourselves. We expect things to stabilise so we can consolidate our gains. Victoria Ama Ametor Armah, Head, Operations/Sales and Marketing, PenTrust Pension has potential but currently, not everybody understands the concept of the new regulation and so are a bit resistant. PenTrust is about two years old and I think we did very well. Going forward, we will strive to achieve all our targets for full year and deliver to our customers. Kwame Ofori Asomaning, MD, Ghana Growth Fund Company GGFC is the investment arm of the group and we invest in distressed companies and turn them around. We have done that for a number of companies and we will continue to do that. Anytime the economy becomes bad, as happened, a number of companies become distressed and that is when we come in. Ms Makafui Gbedemah, Head, Learning and Development, Groupe Nduom The human resource is our key asset in the business and we value them. We try to give them the best of services so they can deliver value to customers and the directors. We encourage them to work hard because with over 4,500 employees, you can imagine how our payroll will be like. Naa Anowa Oturoku, Head, GN Power We are responsible for the power needs of the group to ensure that they have access to electricity all the time. We design, supply, install and maintain. Because of the power challenges, we provide alternative power sources to serve as a link between the national grid and the plants. We have been around since August, last year and business has been good so far. Going forward, we want to look outside for businesses so that it can complement what we get from the group. Mr Ralph Ayitey, GM, Coconut Grove Regency Hotel, Accra Business has been quite tough but we have survived. In the next half, we will focus on satisfying clients, generating repeat business and making sure that clients enjoy memories worth repeating. We will also consistently innovate in our service and improve on our facilities. - See more at:



Groupe President, Dr. Papa Kwesi Nduom addressing participating managers at the confab
Groupe President, Dr. Papa Kwesi Nduom addressing participating managers at the confab

Groupe Nduom (GN) is expected to expand its operation at the last quarter of the year. 

This was disclosed by Groupe Nduom President, Dr. Papa Kwesi Nduom, during the group’s last quarter review session at Elmina in the Central region.

According to Dr. Nduom, the expansion project, which will cover the Groupe Nduom’s operations in hospitality, banking, media and education, will mainly take place in some West African countries and the United Kingdom and USA.

He hinted plans to open 1st National Savings and Loans in Ivory Coast and Burkina Faso.

A Liberia based subsidiary of GN-LEDFC, the GN President disclosed, is expected to open more branches in Liberia just as in the case of the United States with a permanent GN UK office also in the offing.

The Groupe will be centralising its financial operations with the opening of GN Financial Centre in Accra and also the commissioning of GN Industrial Estate in Elmina.

Dr. Nduom reminded the managers that after a long sowing, this was the time to harvest or pay back.


He, therefore, encouraged the leaders to work with discipline in order to dominate the market.

Senior Vice President, Mrs. Yvonne Nduom, asked the leadership of GN to seek knowledge in their operational duties because ”information is the secret of success.”

She cautioned GN managers against being overly joyous about the huge capital base of the group, stating hypothetically that, ‘if you have 2 billion it does not mean that they are ours.”

“Its people’s investments that we need to reinvest and they come with interest rates,” she declared.


Source: Ghana/ DESK REPORT

Even though Ghana was named as one of the most corrupt countries in Africa in the latest 'People and Corruption' report conducted by Transparency International alongside South Africa and Nigeria, the outlook for the country in 2016 looks a bit promising.

Groupe Nduom Research (GN Research), which disclosed this in its latest analysis on various economies during the 2015 fiscal year, said though it was concerned about Ghana's economic performance last year, it is slightly optimistic this year “given the possible minimization of the energy crisis, relatively stable cedi and expected rise in government expenditure ahead of the December elections.”

It said the 2015 fiscal year had been challenging for most developing countries, including Ghana.

“Low commodity prices on the world market, coupled with anticipation of a possible increase in U.S key policy rate compelled most central banks to further tighten monetary policy stance. In particular, the Central Bank of Gambia increased its policy rate by 100 basis points to close the year at 23 percent, Malawi by 200 basis points to 27 percent, Kenya by 300 basis points to 11.5 percent and Ghana by 500 basis points to 26 percent.”

It continued that the Ghana cedi, Botswana pula and Kenyan shilling recorded a YTD depreciation of 18.4 percent, 17 percent and13 percent respectively, adding that those translated into increases in prices of goods and services on the domestic market, made most countries less competitive and increased current account deficit to GDP drastically.

“Coupled with an increase in monetary policy rates, consumer price inflation for Ghana and Malawi averaged around 17 percent and 21 percent respectively instead of the 11.5 percent and 16.4 percent target set for 2015.”

It also mentioned that nonetheless, the Central Bank for West African States that serves eight Francophone countries in West Africa and the Central Bank of Egypt kept their rates at 3.5 percent and 9.25 percent respectively.

The Central Bank of Nigeria and Tunisia also reduced the policy rate by 2 percent and 0.5 percent respectively to stimulate real sector growth. Hence, by December 2015, the 91-day Treasury bill rates for Nigeria hovered around 3.65 percent, 2.3 percent for Mauritius, 4.3 percent for Tunisia, 4.5 percent for Rwanda, 10.8 percent for Kenya, 13.6 percent for Tanzania, 17.5 percent for Gambia, 22.5 percent for Malawi and 22.9 percent for Ghana.

By Samuel Boadi

About Us

Ibs Limited is part of the Groupe companies . It handles most of the logistics and procurement parts of the company . We exports and imports vehicles , air conditioners, computers and many more .  

How to Reach Us

Mail:This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone: 2025075672 or 2025075670

Location : 2200 Pennsylvania Avenue NW

Washington DC 20037

Our partners

  • Coconut Grove Hotels
  • GN bank 
  • ATV
  • Ocean1tv
  • Gold Coast Fund Management 
  • First Digital 
  • Fresh Pak 

Quick Contact