Economy

AGI tours flood-hit businesses

The Association of Ghana Industries (AGI) has toured some industries in Accra which were affected by last Wednesday’s floods.

Most manufacturing companies at industrial area were still counting their loses when the AGI team led by its President James Asare-Adjei went there to console with them.

In all, six companies who are members of the AGI were affected by the floods. One of such companies hard hit is Kane-Em Industries Limited, manufacturers of polybags, plastic pharmaceutical containers, pet containers and household products.

Machines, finished products for export and raw material worth billions of Ghana cedis were destroyed by the flood waters that gushed into their premises after the Odaw River overflowed its banks.

Workers of the company during the visit were scooping water that had gathered in the factory whiles some machines parts were placed outside their premises to dry in the sun.

The Accounts department of the company was inundated in the flood and documents, invoices and certificates were all destroyed.

Managing Director of Kane-Em Industries Limited, Gobind Wadhwari expressed shock at the extent of damage.

He indicated that, in his 39 years of operation in Ghana, Wednesday’s flood is the worst in recent years.

Mr. Wadhwari blamed squatters who have placed illegal structures along the Odaw River for the floods.

“We have written several letters to the AMA about this issue but no action was taken until this floods which has destroyed my machines and products” he bemoaned.

He said they have asked the factory workers to go home since most of the machines have broken down to enable them assess the extent of damage.

Mr. Wadhwari appealed to the city authorities to as a matter of urgency to demolish the structures along the Odaw river to prevent a recur of such a disaster.

For his part, President of the AGI James Asare-Adjei said leadership must have the political will to avert such disaster.

He indicated that given the economic conditions in the country, businesses are already going through difficult times therefore such preventable disaster must not recur.

“The level of indiscipline is too much; people must be made to answer for their negligence” he stated.

 Mr. Asare-Adjei called on government to put in place stringent measures to protect the assets of businesses in the country.

 

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