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Groupe Nduom management assesses half-year performance despite economic challenges


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Top management personnel of Groupe have gathered at Elmina to consider results posted during the first half of the year.

The session is to enable management consider available opportunities and challenges during the second half of the year.

The management is to institute plans to deal with anticipated downturn in demand, poor liquidity and low spending by domestic and foreign investors especially as a result of the national elections this year.

The meeting which is being held at the Coconut Grove Beach Resort in Elmina is from Wednesday July 20 to Sunday July 24, 2016.

At its strategy meeting in Elmina early this year, Groupe Nduom directors charged the over 50 subsidiaries to consider 2016 as the year of maximum sale of products and services.

At a similar meeting held at the Coconut Grove Regency Hotel in Accra to review their first quarter performance, managers shared with colleagues and directors how far they have carried the Groupe’s Sales agenda.

Like the previous meeting, Groupe management members are expected to make presentations on how far their sales strategies have worked; how they have overcome their challenges,( as the case may be for those who could not meet their first quarter targets); and present practical solutions that will overcome any such challenges this year. 

Part of the year’s business agenda is to ensure that management improve’s performance to beat last year’s results. That target in the estimation of Groupe Nduom directors can only be achieved through a consistent sales strategy. 

Notwithstanding the economic difficulties that confront the country, Groupe Nduom is continuously investing and demonstrating its confidence in the Ghanaian economy. Such feat is achieved through the Groupe’s guiding principles of ensuring discipline, innovation and enthusiasm on the job.  Groupe Nduom prides itself about its determination to be a “Best Employer”.  

Beyond profits, the Groupe want to make sure that its employees receive pay commensurate with their performance.  The company manages a health insurance, pension and life insurance programme for its employees at no cost to them.  It has also initiated a housing programme.

The President and Chairman of the Groupe, Dr. Papa Kwesi Nduom will reiterate at the meeting the need for all Groupe companies to meet statutory obligations including SSNIT payments, payroll taxes, company tax, VAT and Tier 3 pension payments.  

Groupe Nduom has business relationships in Liberia, Cote d’Ivoire, Togo, the United Kingdom and the USA.  Groupe Nduom brands have been in existence over the past 25 years and operate in Banking, Investments Banking, Private Equity, Brokerage, Pension, Insurance, Real Estates, Media, Education, Manufacturing, Printing, Advertising & Production, Sport and a Foundation that supports the needy in society.