PREFOS SECURES 200M EUROS FROM SLOVENIAN COMPANY
- Funds to support expansion project in Ashanti Region
Prefos Limited, an electrical and engineering company in Ghana, has signed a memorandum of understanding (MOU) with Le-Tehnika of Slovenia for the release of 200 million euros to support the expansion works of Prefos at Adako Jachie in the Ashanti Region.
The Managing Director of Prefos Limited, Mr. Alexie K. Fosu, signed for his company while the Managing Director of Le-Tehnika of Slovenia, an LED light manufacturing company in Europe, Mr. Drago Lemut, initialed for his company.
Ghana’s Ambassador for Italy with additional responsibility for Slovenia, Madam Paulina Patience Abayage, who brokered the deal and brought the two companies together, witnessed the signing ceremony.
Already, Prefos has secured a large tract of land at Baworo, near Adako Jachie, for the implementation of the deal. The land was inspected by the ambassador, the investors and other government officials.
Explaining the deal, Madam Abayage said the development was in fulfillment of the charge given to them by the President to move beyond wining and dining to economic diplomacy where ambassadors would sell Ghana’s potential to investors for the development of the country.
She added that the President’s declaration of Ghana beyond aid required that diplomats sought partners who would bring investment that would lead to the establishment of new and/or expansion of existing industries in Ghana to create decent and sustained employment and wealth for the people, while at the same time expanding the local economy.
She said as part of the agreement, Le-Tehnika would provide 200 million euros to be used to expand and equip Prefos Limited into an ultra-modern factory to meet the increasing demand for its products and services for the African markets.
Madam Abayage added that the funds would also be used to enlarge the Prefos Electrical Training Center in Kumasi and equip it with modern facilities capable of producing highly skilled electrical technicians for Ghana and the West African Sub-region.
She explained that the deal would also assist Prefos to train 2,500 youth, about 10 from each district assembly in the street light assembling technology and maintenance aside from others who would be trained in manufacturing and assembling.
In his comments before appending his signature to the documents, Mr. Fosu said the deal would make Ghana the manufacturing base of the luxtella luminaries in West Africa, create more jobs as part of government’s efforts to provide employment for the teeming youth in Ghana.
He said the deal would also strengthen relations between the two countries, provide enough lights in the country to reduce road accidents and criminal activities and strengthen sub-regional economies by promoting commercial activities in all sectors.
A Deputy Minister for Roads and Highways Mr. Kwabena Owusu Aduomi, expressed delight that a Ghanaian company could partner with other companies in Europe to inject more technology for expansion and create more jobs.
Mr Aduomi, who is also the Member of Parliament (MP) for Ejisu, described the company as a good and hardworking one that had quality service delivery as its hallmark.
Mr. Lemut said the relationship with Prefos and the investment was to ensure that Ghana was used as a hub for the manufacturing and distribution of their products in West Africa.
COMPLETION OF ELECTRICAL INSTALLATION WORK ON THE GEORGE WALKER BUSH/PANTANG-ABURI HIGHWAYS
PREFOS Ltd, a leading electrical engineering company has successfully completed the refurbishment of street lights on the George Walker Bush (N1) and the Pantang-Aburi highways.
The repair work which lasted for 18 months, would enable motorists and all road users to enjoy superior illumination that befits the city of Accra as a major gateway in the sub-region. It would also provide an incentive for businesses to thrive in addition to enhancing security of traders and citizens.
The refurbishment consists of planting of new electrical poles, laying of underground cables, installation of control panels and retrofitting of existing luminaries.
Prefos wishes to thank the public, particularly motorists who ply these stretch of roads for their patience and support, which helped to facilitate the timely completion of the project. Prefos is committed to providing world-class street lighting system to enhance the beautification of our major cities and towns, and to promote brisk commercial activity. We urge all citizens to safeguard the street lights, particularly the cables to ensure that the country obtains value for the investment.
About Prefos Ltd
Prefos Limited provides electrical and civil engineering services in Ghana and in the sub region. Our competence is in electrical construction, engineering, electrical installation and maintenance of street lights. Prefos also assembles imported street light components for distribution in Ghana and is a major supplier of electrical accessories, transformers, cables, fuses, arrestors, steel and treated wood poles.
Contacts: Raphael Gyamerah
Tel: 302 766 291
“Support Prefos to create more Employment” President, Chamber of Commerce
The President of the Ghana National Chamber of Commerce (GNCC), Nana Dr. Appiagyei Dankawoso 1, has called on the government to support the private sector to accelerate Ghana’s economic growth and development.
He said the private sector is the engine of growth, employing 94% of the working population, while government employs only 6%. Supporting the private sector would therefore serve as the catalyst for the nations prosperity.
“Prefos has worked hard for the past 26 years to create jobs for many Ghanaians. There is therefore the need for more government support and private sector collaboration to enable the company expand to become an indigenous conglomerate.
Dr. Dankawoso who is also the President of the Pan African Chamber of Commerce made these observations during a familiarization visit to the company’s state-of-the-art factory at Jachie, near Ejisu in the Ashanti region. The visit was also to update the President of the Chamber and his entourage about the current state of the company’s facilities and to explore new ways of business collaboration.
He praised the management and staff of Prefos for their tenacity in lighting up the streets of Ghana and for contributing to the country’s economy through job creation. He singled out the company’s youth training and development program for commendation, and urged other companies particularly those in the private sector to collaborate with Prefos for mutual growth.
Ms. Wendy Owusu, a Director of Prefos was appreciative of the visit and thanked the Chamber for its support. She said Prefos has collaborated with the Chamber for many years and would continue to team up with the Chamber to improve the business climate in the country and in the sub-region.