rlg Communications Ltd

rlg Communications LtdRoland Agambire was born in the Upper East Region town of Sirigu 38 years ago.

He has a very functional and meaningful educational background with a practical sense of delivery. After his Secondary education, he did various courses in Exporting and Marketing with the Ghana Export Promotion Council and proceeded to do Business Administration programmes in GIMPA and earned a Bachelor’s Degree in Business Administration.

He is young and focused, and very passionate about helping the youth to become economically resourceful. He established Roagam Links in March 2001, then as a mobile phone repair outlet transforming later to become the pioneer indigenous ICT assembling and technology institute in Ghana and the West African sub region, rlg Communications Limited.

The company has presence in China, Dubai, Nigeria and the Gambia and still expanding.

In Ghana alone, his company employs close 500 permanent staff and has created jobs for some 30,000 youth over the last decade.

He has a huge desire for continuous progress, improvement and a possible perfection, which keeps him getting better as an entrepreneur and an accomplished business man.

Mr Agambire is the Chief Executive Officer (CEO) of rlg Communications and Executive Chairman of the AGAMS Group of companies. Mr. Agambire is responsible for the overall strategic planning and management of the seven companies making up the AGAMS GROUP.

He has won local and international recognitions and unaccountable number of awards for innovation, entrepreneurship, commitment to growth and philanthropy.

He is married to Miriam and they both have three lovely kids.


Produce Buying Company

Produce Buying CompanyThe Cocoa Industry has been the backbone of the Ghanaian Economy through its contribution to the economy of the Country in terms of foreign exchange earnings, Government revenues, employment creation and poverty alleviation/reduction and extension of development projects and social services to farmers.

Exports account for 30% of the Country’s GDP with Agriculture contributing around 40% of export earnings. Cocoa is the largest contributor to these earnings providing up to 75% of it. Cocoa offers direct employment (Farmers, Farm Labourers, etc) to over two million people and indirect employment (Support to the Industry) of beyond three million.

Ghana remains world second largest producer of cocoa with the best quality which earns a premium price from its sale on the international market.


Historical Background

Internal Marketing of Cocoa commenced after Ghana’s Independence with Multi Buying Agencies, including United Africa Company (U.A.C) Cadbury and Fry, Ghana Co-operative Marketing Association and United Ghana Farmers Council which as a Licensed Buying Company operated under Ghana Cocoa Marketing Board.

After the 1966 Coup, other indigenous Ghanaian Companies like Aboafo, Cocoa Farmers Company, Asempaneye Group Farmers Limited, were also registered to partake in the internal marketing of cocoa. Unfortunately, the indigenous Companies operational and financial performances were not very good as they became indebted to Ghana Cocoa Marketing Board.

The Board consequently integrated all the indigenous Agencies, except Ghana Cooperative Marketing Association (G.C.M.A) into a Department called PRODUCE BUYING AGENCY which later became PRODUCE BUYING DIVISION in 1977.

Produce Buying Company (PBC) evolved from the Produce Department of the Ghana Cocoa (Marketing) Board. It was incorporated as the Produce Buying Division Limited on November 13th, 1981 as a 100% state-owned enterprise and a subsidiary of the Cocobod. It was granted certificate to commence business on November 18th, 1981. By a special resolution of its Board of Directors, the name was changed to Produce Buying Company Limited on October 27th, 1983. The Haulage Unit which was also a Unit in Ghana Cocoa Marketing Board and was responsible for cocoa evacuation was added to the new Company.

In 1993, the Government acceded to the recommendations of the WORLD BANK as part of the COCOA SECTOR REFORM to grant autonomy to Produce Buying Company. The Board further introduced the participation of other private companies into the Internal Marketing of Cocoa to compete with the Produce Buying Company. An initial four Buying Companies were therefore admitted and Licensed to purchase cocoa from farmers (This number has since, expanded to 26).

It was in September 1999 that FULL AUTONOMY STATUS was granted to Produce Buying Company to be known as PRODUCE BUYING COMPANY LTD and incorporated as a Public Limited Liability Company under the Companies Code of 1963 (Act 175). In May 2000, the Company was listed on the Ghana Stock Exchange. It is worth noting that PBC Ltd is still the only listed Licensed Buying Company (LBC) on the Stock Exchange.

Currently, PBC Ltd belongs to Ghana’s most prestigious 100 companies club known as “Best 100 Companies League” (Ghana Club 100), which other companies look up to in their desire to attain commendable performance levels.

Vision and Mission Statement

PBC Ltd has the vision to develop and maintain the company as the most attractive dealer in cocoa, sheanut and other cash crop in the West Africa sub-region.

This is to be achieved through the purchase of high quality cocoa/sheanuts from farmers, prepare, store and ensure prompt delivery of the graded and sealed stocks to designated Take Over Centers in the most efficient and profitable manner.


The Company has a Board of Directors under whose watch it operates. It has a Managing Director who is responsible for the day to day administration, supported by two Deputy Directors (Operations and Finance & Administration). It operates with eight (8) Departments, namely Research, Monitoring & Evaluation, Accounts, Human Resource, Haulage & Technical, Audit, General Services, Corporate Affairs and Legal headed by various Managers who ably support Executive Management.

Operations extend to the Regions, Districts and Societies in all Cocoa growing areas. The regions are headed by Regional Managers and districts by the District Managers. The company operates in all the cocoa growing regions, namely Ashanti, Brong Ahafo, Central, Eastern, Volta and Western which has been demarcated into four (4) operational Regions for convenience and effectiveness due to the high volume of cocoa purchases in that administrative region. These are Western North (S/Wiawso), W/North (Essam), W/South (Dunkwa), W/South (Enchi)

The company operates through Commission Marketing Clerks, who are agents stationed in over 5,000 societies or buying centers in ninety seven (97) operational districts in the cocoa growing regions. They are the company’s frontline field operatives who deal directly with the farmers and organize purchases of the cocoa.

The Company also operates in the three Northern Regions and some districts in the Brong Ahafo Region in the sheanut sector and have staff manning these areas.


PBC Ltd since its privatization and subsequent listing on the Ghana Stock Exchange has operationally performed creditably though not without some challenges. Inspite of the keen competition from twenty five (25) licensed buying companies, the PBC Ltd commands an average market share of 37%. This without doubt is no mean an achievement. The last three (3) seasons has seen a very remarkable performance of the company both in the Market Share and Profitability as indicated below.

Performance Analysis



PBC LTD (Tonnes)










2009/10 (MC) *




* Purchases are ongoing in the 2010 Light Crop and our Market Share will increase at the end of 2010 Light Crop.

Though the Company has registered higher turnover over the years, the level of Profitability has not been as expected due to some operational challenges within the Cocoa Industry. However, it is instructive to note that, Company has seen a significant improvement in its Financial Performance culminating in an after tax Profit of GH¢5.194 million in 2008/09 financial year as against Gh¢2.110 million in the 2007/08 Financial Year and 0.450 million in the 2006/07 Financial Year.

Judging from the GH¢9.922 million after tax profit achieved during the third quarter of the current financial year. It is expected that, the trend to achieve increased profitability by the end of the year will continue.

Key performance indicators of the Company activities have improved over the last two years, in line with the significant increase in the Company’s Profitability. Basic Earnings Per Share (EPS) increased by 145% from GH¢0.0044 to GH¢0.0108.

Returns on Capital Employed (ROCE) also increased from the previous year of 28.7% to 45.9% in the 2008/09 Financial year.

The balance sheet also showed a significant growth with shareholders equity moving from GH¢7.353 million to GH¢11.316 million, an increase of 53.9%.

The Price/Earning (P/E) ratio also reduced significantly from previous year figure of 50 to 17.6.

The Company shared its good fortunes with her valued shareholders with an increase of dividend payment from GH¢0.0015 per share to GH¢0.037 for the 2008/09 Financial year an increase of 146%.

This impressive performance, without doubt has been achieved through effective cost control measures, viable investment and operational strategies adopted and more especially the team spirit and effective collaboration between the Board, Management and Staff of the Company.

The continued achievement of such major performance indicators as well as the adoption of innovations and effective strategies will sustain growth and profitability of the Company into the years ahead.

New Areas of Investment

PBC Ltd in her determination to maximize revenue and profitability has diversified into new areas of viable investment namely, HAULAGE, VEHICLE PARKING LOT, AND SHEA NUT PROCESSING PLANT.


The Haulage/Technical Unit has since 2007/08 been revamped to operate as a stand alone PROFIT MAKING UNIT. It generates its revenue from bothPRIMARY AND SECONDARY EVACUATION. The Unit undertakes 97% of the Primary Evacuation of all Produce Purchased. The remaining 3% farmed out is done either by Canoe Evacuation, Head Portage, and or Hiring other Private Vehicles to evacuate from bad and inaccessible/impassable routes.

The Unit plans to increase its 41% share of the Secondary Evacuation to 50%. An Investment of fourteen million (GH¢14 M) Ghana cedis has so far been made and an additional seven million (GH¢7 M) Ghana cedis this year, to bring total investment to twenty one (Gh¢21M) Ghana cedis. This has been used to acquire new fleet of vehicles to assist in both primary and secondary evacuations to meet our increased set targets of purchases. This is also expected to increase the revenue earnings of the Company and contribute to her growth and profitability.


To expand the revenue base of the Company outside the traditional earnings from cocoa purchases, the Company has completed the construction of a reinforced concrete platform to be used as a Vehicle Parking Lot at the Industrial Area, Tema near Cocoa Processing Company Limited, Tema. It has the following:

i. One (1) VEHICLE PARKING LOT with a total capacity of 30,312.71m or 326,293.95 square feet

ii. Bath/Rest Rooms

iii. Toilet Facilities

iv. Provision of Water

v. Canteen area for food vendors

vi. Urinal Bay

This has been rented to Cocobod to enable vehicles that arrive from the up-country laden with cocoa for Tema Take Over Point to park while in waiting.



Again, the Company has diversified into sheanut purchases in the Northern Regions and some districts in the Brong Ahafo Region.

Consequently, it has established a subsidiary company for the processing of the sheanuts purchased into shea butter for export. The total cost of the Project isUSD$ 10 million. The Subsidiary Company is known as PBC SHEA Ltd and will be based at BUIPE IN THE NORTHERN REGION and is expected to get into operation soon.


The company is saddled with some challenges in her operations especially since being privatized and listed on the Ghana Stock Exchange. These are mainly due to the highly competitive nature of the internal market as well as the unpredictability of operations.

Cocoa/sheanuts operations require huge financial outlay and it is in this area that the Company is trying to access easier and cheaper funding sources in addition to Seed Funds obtained from Ghana Cocoa Board.

In the “Best 100 Companies League” (Ghana Club 100), the company as a result of her impressive performance was adjudged second best in 2003 and the third best in 2004. Again, in these years the company was adjudged the best in Trading by Ghana Club 100. These are enviable feats achieved by the company and it is poised to improve upon them.



The company, mindful of her commitment to farmers and also as part of its social responsibilities supports various projects in the cocoa growing areas.These include supporting various electrification and water projects, as well as other developmental projects to improve the living standard of the inhabitants.

The company has been offering support to repair roads and bridges in the rural communities and has consistently given donations of cash and farming inputs to the Ministry of Food and Agriculture in support of the National Farmers Day Celebrations. It has continued to provide essential farming inputs like fertilizer, spraying machines, insecticides/pesticides to farmers to improve upon their cocoa production.


Also, the company has always facilitated the acquisition of Cocobod scholarships to brilliant but needy children of our loyal farmers and has instituted farmers promotional packages to continuously reward our committed and loyal farmers who sell produce to us.



PBC is very optimistic of the future under the able direction of the Board of Directors and Management. It has crafted a new three (3) year medium term Corporate Plan intended to grow and develop the company to even higher heights. The outlook for the Company over the next three (3) years ie, 2010/11 – 2012/13 (the plan period) include the following:

ThTo increase purchases progressively from the current 38% to 43% of the internal cocoa market.

ToTo continue to purchase sheanut for PBC-Shea Ltd (which has the capacity to process 40,000 tonnes) from 24,000 to 40,000 tonnes by the end of the plan period.


3. To construct 69 sheds and Depots and to renovate 63 out of the existing storage facilities.

To ensure prompt, efficient and cost effective evacuation and handing over of cocoa purchased to gain a good seed fund recycling rate.

5. To haul 97% of cocoa purchased at the primary level and up to 50% of purchases at secondary level to generate freight earnings and contribute 30% to total contribution margin.

6. To build retained earnings to a level equivalent to at least 30% of Light Crop purchases requirement by the end of the plan period.

7.   To maintain Net Profit to Buyers’ Take-Over Margin of not less than 15%.

8.  To build a debt equity ratio of 1:2 by the end of the plan period.

9.   Maintain dividend payout ratio of at least 30%.

The company is also vigorously developing its ICT Programme for easy, effective communication and information flow to complement operations.

The company will raise operational capabilities and market requirements through a process of innovations and progressive initiatives. It will also remain competitive through the achievement of operational performance objectives as it increases and maintains profitability.

The Board and Management are further challenged and motivated by our current success towards our cardinal objective of maintaining PBC Ltd as the most attractive dealer in cocoa and sheanut and will pursue sound policies and ensure good corporate governance to the benefit of its Shareholders.

P.B.C. certainly has a PROMISING FUTURE.

Gold Fields Ghana Limited

Gold Fields Ghana LogoGold Fields Ghana (GFG) is presently the number one gold mining company and largest gold producer in Ghana, with annual production in excess of 935,000 ounces from its two operating mines at Damang and Tarkwa. Gold Fields Ghana engages about 5,612 Ghanaians in direct employment. The Company is owned by Gold Fields Limited (GFL), a global multinational precious metals producer, which is headquartered in Johannesburg, South Africa.

GFL is the world's fourth and Africa's number two leading producer of Gold with an attributed annualised production of 3.5 million ounces from eight operating mines in Australia, Ghana, Peru and South Africa. The Company's symbol or totem which is very representative of its nature is the head of the lion. The lion is well known for its loyalty, strength, calmness and yet aggressive, diligence, commitment and strategic intelligence. The values of safety, responsibility, honest, respect, innovation and delivery are the core of Gold Fields’ business and the bases of interactions with communities in which it operates and its stakeholders.


Gold Fields Limited owns 90% respectively in Gold Fields Ghana Limited (GFGL) and Abosso Goldfields Limited (AGL) which constitute the Ghana Division and the Government of Ghana holds a 10% free carried interest, as required under the Mining Law of Ghana.


The vision of Gold Fields is “to be the global leader in sustainable gold mining”. The Company is therefore committed to improving the quality of life and wellbeing in its host communities. Gold Fields Ghana spends over $2million annually in direct support for its community development activities in the key areas of agriculture, health, water and sanitation, education and general infrastructure. So far over US$ 20.21 million has been spent on community development projects. In line with the company’s policy on environment, the Tarkwa and Damang mines are ISO 14001 certified.

In 2005, Gold Fields Ghana provided the first major and unprecedented corporate sponsorship, to the senior national soccer team the Black Stars. Over the seven year sponsorship period, approximately $6.5million was committed to this national course, making Gold Fields Ghana the biggest Headline Sponsor of the National Team in its history. This sponsorship has contributed immensely to the rejuvenation and development of soccer as a national sport, and Ghana's historic and successful appearances in the FIFA World Cup Tournament in 2006 in Germany and at South Africa in 2012 where once again Ghana out performed all of Africa’s representatives, finishing highest. In collaboration with the Forestry Commission, Gold Fields Ghana has initiated the Leadership for Conservation in Africa (LCA)


N J Holland (Chairman), PJ Van Schalkwyk (Managing Director), N K Kudjawu, K Ansah, M M Ezan, E K Kaningen
Ghana chapter to work towards the conservation of Ghana’s natural reserves and environment. The Chapter is currently working towards the conservation and enhancement of the Shai Hill Resource Reserve.

Ghana Rubber Estates Limited

Ghana Rubber Estates Limited

Ghana Rubber Estates Limited (GREL) has  the largest industrial rubber plantation in Ghana


Model of excellence for the natural rubber industry in West Africa, the high performing company of choice in Ghana

Location & Business

GREL is headquartered in Takoradi in the Western Region of Ghana at 49/11 Nzema Road, Harbour Business Area.  The headquarters houses the Administration, Commercial, Information and Quality Systems and the Accounts & Finance Departments of the company.  

The Field Operations, where the field activities are controlled and monitored is located at Abura-Ahanta in the Ahanta West District of the Western Region. 


The factory which processes cuplumps into finished goods called crumb rubber is located at Apimenim also in the Ahanta West District in the Western Region of Ghana

Enterprise Life Assurance Company Limited (ELAC)


ELAC MDEnterprise Life Assurance Company Limited (ELAC) was incorporated in the year 2000 with the initial shareholders as Enterprise Insurance Company, a listed general insurance company in Ghana, African Life (now Sanlam Sky) a South African Life Insurance Company and the International Finance Corporation, the commercial wing of the World Bank.

Our current shareholding comprises of Enterprise Group Limited (51%) and Sanlam (49%).


Nature of Business

ELAC operates as a specialist Life Insurance Company.

ELAC provides Life Assurance products that are affordable and innovative, designed to meet the needs of our policyholders.


Our Vision

Our Vision is to be the leader in the life Assurance Service Delivery in Ghana.


Our Mission

And we will do so by providing innovative and affordable life Assurance products and high quality assurance service delivered by a motivated team of employees to meet the expectations of our policyholder and shareholders.



The ELAC brand is based on the concept of the “Thoroughbred”.

The Thoroughbred is a horse of outstanding pedigree with an inherent disposition to be the best. Born of outstanding parentage, excellence is just our nature.

 This endows us with sheer power and muscle, and it is that which drives us to deliver the quality service and solutions our policy holders’ desire and expect. This is why our policy holders confidently testify that, truly they are Rest Assured.


Our Theme 

Insurance delivery with a heart….

Our theme rides on the fact that our processes and everything we embark on at ELAC resonates from within. We chose the heart because the heart symbolizes the purity of our intentions towards our policy holders’ and the centrality of those intensions towards our policy holders’ present and future well-being.

Thus At ELAC:

  • We seek to understand
  • Are here to protect
  • Driven to Surprise
  • Desire to inspire our policy holder…..

all in an effort to make our cherished clients feel “a part” – included in the ever growing ELAC family.

Consequently, as an insurer who has the interest of its customers AT HEART, we seek to meet our policy holders at their point of need.

In the process we assure them that we are interested in the things that concern them, their fear, their children’s education and future aspirations. That is why at ELAC the heart is at the center of everything we do.

  • We seek to create our products we a Heart.
  • Desire to sell our policies with a Heart
  • We are driven to pay claims with a Heart
  • And serve our policy holders with Heart.


This we achieve by offering them INSURANCE SERVICE DELIVERY WITH A HEART.


Our strategy is to distribute life insurance through the traditional Agency Channel which has been core to our operations since inception.

We have since diversified our distribution through the Broker and Bank Channels.

To improve operations and our service delivery to our policyholders, we installed robust operational software which heighten our speed of operations and allow us to employ additional applications to enhance our operations.

Accordingly, ELAC introduced an interactive SMS that enables clients of ELAC access to some personal details on their policies via their mobiles phones 24hours 7days a week as well as the opportunity for client’s access their claims at the nearest Standard Chartered as soon as the claim has been approved and client notified via test messaging.


Our Products

Individual Life Products

  • Funeral Finance Plan
  • Lifetime Needs Plan
  • Educare Plan
  • Family Income Protection Plan
  • Life time Needs Plan


Group Life Products

  • Group Funeral Plan
  • Group Corporate life Plan
  • Church Funeral Scheme.
  • Voluntary Funeral Scheme
  • Credit Life.



We pioneered and are currently the leader in Funeral Insurance.  We pioneered the distribution Life Assurance through Broker and have signed seven (10) Broker Contracts.

We pioneered Bancassurance in Ghana and have contracts with Standard Chartered Bank, Barclays Bank

We pioneered the sales and agency channels for the sale of life Insurance

We are currently the only insurance company in Ghana that employs the use of a state of the art, robust information technology software named Orfeo that enables us process claims and access policy details within the shortest turn around time.

We introduced the first ever 24hour claim payment system with Standard Chartered Bank - CLAIM EXPRESS

We pioneered the Customer Service at your Doorstep platform.



We have presence in nine out of ten regions

ELAC Branches offices - Accra, Tema, Kumasi, Takoradi, Tema, Tamale, Koforidua, Cape Coast, & Sunyani.

 All our branches are connected on our wide-area network.



ELAC has received a number of awards. These include.

           Insurance company (LIFE) of the year 2011- CIMG *

  • Leader in the Financial Services Sector- Ghana Club 100  for 2010-2011
  • 3rd Most Prestigious company and highest ranked insurance company  in Ghana- Ghana Club 100 for 2010-2011
  • Gold Award – 4th Ghana Business and Financial Services excellence Awards, organized under the auspices of the Ministry of Trade & Industry.-2011
  • Silver Award- 3rd Ghana Business and Financial Services Excellence Awards, organized under the auspices of the Ministry of Trade & Industry-2010
  • CIMG life insurer of the Year- 2009
  • Introduced the first ever SMS platform for accessing policy  details in Ghana- ELAC QUICK ACCESS- 2009
  • Cheetah Award – A Sanlam Group award for new business sales – 2009.
  • Leopard Award-  A Sanlam Group award for new business sales -2008
  • Gold Award – 2nd Ashanti Financial Services Excellence Awards for best Insurance Company in Ghana organized under the auspices of the Manhyia Palace.
  • Captured as the best preforming IFC Investment in Africa- Making the Difference magazine
  • Pioneered  the first ever alternative distribution channel for life insurance products in Ghana 2006- the Broker Channel
  • Pioneered the sales and agency channels for the sale of life Insurance