Summary of Proposed Investment
Project Number
10702
Company Name
Ghana Printing & Packaging Ind. Ltd
Date SPI Disclosed
May 29, 2001
Country
Ghana
Industry
Agribusiness and Forestry
Projected Board Date
Jun 29, 2001
Status
Completed
Sector
Paper Packaging Products (Including Boxes, Cartons, etc.)
Department
Regional Industry - MAS Africa
Environmental Category
B - Limited
Previous Events
Approved : Jun 29, 2001
Signed : Nov 14, 2001
Invested : May 2, 2002
Project Description
In April 1999, Messrs. Omais and Abdul-Massih set up GPPI, a limited liability company incorporated in Ghana with a stated capital of US$500,000. The company is authorised to carry out the business of printing and packaging. The project is to establish a modern printing and packaging factory in Ghana at Tema to produce corrugated boxes, labels and folding boxes. The corrugated boxes is primarily targetted at exporters of agricultural produce whilst the labels and folding boxes are intended to satisfy some demand from multinationals and local companies operating in various industries in Ghana.
IFC''s role
IFC''s involvement provides a term loan to the project in a country in which term lending to small and medium size companies is limited. With IFC encouraging GPPI to adopt World Bank environmental policies and guidelines, the project will help improve environmental standards in the printing industry in Ghana.
Developmental Impact
The establishment of GPPI will introduce modern technology and training of staff which is generally lacking in the industry. Furthermore, it will enhance competition and raise the quality of finished products. The project is expected to create 95 jobs.
IFC''s role
IFC''s involvement provides a term loan to the project in a country in which term lending to small and medium size companies is limited. With IFC encouraging GPPI to adopt World Bank environmental policies and guidelines, the project will help improve environmental standards in the printing industry in Ghana.
Developmental Impact
The establishment of GPPI will introduce modern technology and training of staff which is generally lacking in the industry. Furthermore, it will enhance competition and raise the quality of finished products. The project is expected to create 95 jobs.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
GPPI
Managing Director
P. O. Box SC 376
Valco Road, Tema
Phone: 233 24 324 733
233 220 208 058
Managing Director
P. O. Box SC 376
Valco Road, Tema
Phone: 233 24 324 733
233 220 208 058