Management of Trade Fair Company justifies demolition exercise

…claims Raymond Archer’s factory not targeted.

The management of the Ghana Trade Fair Company Limited (GTFCL) has justified the demolition exercise it recently undertook to pull down factories owned by the publisher of the Enquirer newspaper and other tenants. The company claims the Properties of Universal Labels & Packaging Co. Ltd and Colour Planet were not targeted as being speculated in the media.

According to the management of the company, as at December 31, 2018, none of the businesses on-site had any valid tenancy agreement with the GTFCL.

This is stated in a press release and copied to ghananewsonline.com.gh indicating that the Company took all necessary steps to inform the businesses about the redevelopment Project. It further tried to protect them and their investments.

The statement further said, despite the expiration of the tenancy agreements, the company has been cooperating with the businesses with the view to finding the least disruptive means to achieve the goal of redevelopment.

“Prior to this, on September 24, 2017, the Company sent notices to all tenants to renew their tenancy agreements for another year whiles reminders followed on November 1, 2017 to renew by November 10, 2017, for the last time before the redevelopment was to start in 2019,” the statement said

Earlier on Sunday, Properties of Universal Labels & Packaging Co. Ltd and Colour Planet, owned by Raymond Archer and other buildings at the Trade Fair Centre were demolished to make way for the redevelopment of the GTFC. The move was led by operatives from National Security.

Details of copied press statement is attached

GTFCL Press Release 2 

MADECO AND TWENTY OTHERS RULING

Source: Eric Nii Sackey || ghananewsonline.com.gh