Pictures of Ghana - Page No 2 - Pictures.Ghana-Net.com

Pictures of International Trade Fair (Accra), Ghana (c) Ghana -Net.com / EventPicture.co.uk - Ghana Trade Fair Company Limited has evolved through various stages from a Department under the Ministry of Trade during its inception through an Authority in 1989 when by PNDCL215 was established as a State Owned Enterprise (the Ghana Trade Fair Authority) to operate as a commercial concern. In 1997 and in accordance with the Statutory Corporations (Conversion to converted into a Limited Liability Company and renamed the Ghana Trade fair Company Limited with the Government of Ghana as the sole shareholder.

The viability of the Company was based on a Task Force Report which recommended capitalization of the then 919.5 million cedis and a dollar component of 86.3 million in 1989. In addition, revenue inflows from the Africa Lake area as an amusement and entertainment Centre was to pay a critical role in determining the commercial viability of the Company. The lease to the Africa Lake was abrogated and the Africa Lake Amusement Complex did not take off as envisaged.
The required capitalization to renovate and refurbish the Pavilions, the electrical and plumbing infrastructure was however not provided. Only 280 million old cedis was provided. Part of which was used for the construction of the frontage wall and the repair of the roofs of the Pavilions.
The Company was therefore incorporated without the necessary capital injection. It inherited old and dilapidated structures, facilities, infrastructure and financial liabilities.
The Company had to operate with its internally generated funds not only for rehabilitation but to meet its recurrent administration and statutory obligations.

Pictures of Akosombo`s Dodi-Princess. Cruising every Saturday & Sunday to Dodi Island. All pictures (c) by Ghana-net.com & EventPicture.co.uk