Strong corporate governance facilitated removal of Zoomlion from World Bank blacklist – Siaw Agyepong

Executive Chairman of Jospong and Zoomlion Group of Companies, Joseph Siaw Agyepong, says strong corporate governance resulted in the World Bank’s decision to remove one of its subsidiaries, Zoomlion Ghana Ltd, from a list of sanctioned companies in Africa.

He said the Jospong Group of Companies succeeded at strengthening its governance through numerous capacity building initiatives.

He revealed that over forty staff of Zoomlion were flown outside for leadership skills training in order that they would perform better at their tasks.

The Jospong and Zoomlion Group of Companies Executive Chairman revealed this at a well-attended end of year thanksgiving service last Friday.

Chief of Staff, Julius Debra, attended the event
The Ghanaian wastes management company appeared on a World Bank list of more than 600 companies worldwide sanctioned for corrupt practices in January this year.

Under the sections, neither Zoomlion Group of Companies nor any of its affiliates would be eligible for any World Bank contract.

However in October this year, the World Bank removed Zoomlion Ghana from the blacklist, making it the first company in Africa to achieve this.

Joseph Siaw Agyepong explains this was achieved because “over thirty personnel were flown to Canada, Germany, the Netherlands and Brazil to be trained on international best practices. Additionally, ten senior managers and executives participated in the Global Leadership Summit in Illinois, USA”.

He also said Zoomlion Ghana would continue to play a lead role at efforts to improve sanitation in the country.

“The Transfer Station at Teshie constructed in partnership with Campak Group of Turkey is already helping to improve the turnaround time for was collection within the city,” he stated.

Joseph Siaw Agyempong said in 2016, two million waste bins would be distributed to homes in a bid to curb littering and enhance quick waste collection efforts.

The company hopes to distribute two million waste bins every year from 2016.

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