Annual General Meeting

  • The Association held its Annual General Meeting (AGM) on Saturday, 29th September 2012 at the Association’s premises, Sakaman, South Odorkor, under the chairmanship of the President, Mr. A. Y. Baidoo.

    Total attendance at the meeting was 110, which was made up of 12 Executive Council and 98 ordinary members.

    BUSINESS OF THE DAY

    1. Report of the Executive Council

    The President, Mr. A. Y. Baidoo presented the Executive Council report for year 2011. He enumerated the over-all performance of the association in 2011 as a marked improvement over that of year 2010. He stated that GAPFA sold 355,091 bags (45kg) of feed in 2011 as against 268,666 bags the previous year. He indicated that the remarkable improvement in performance was achieved in spite of the challenges of frequent increases in the cost of raw materials.
    The President further stated that in view of the phenomenal growth of the Association, the Executive Council had commenced the construction of a warehouse at Gomoa Akotshi, in the Central Region in 2010. He stated that work was progressing steadily and would be completed by end of year 2012. He added that the Executive Council envisaged that the production facility would be relocated to Gomoa Akotshi within the next five to ten years.

    2. Presentation of Audited Accounts for Year 2011

    Mr. D. T. Acquaye of OAK Company Limited, External Auditors of the Association presented the Audited Annual Accounts for year 2011 for the consideration of members. The highlights of his presentation included the following: –

    • Volume of Feed Sales for 2011
    During the year under review, the Association achieved record sales of 355,091 bags of feed equivalent to 15,979 metric tonnes compared to the previous year of 258,666 or 11,640 metric tones.

    • Gross Turnover
    The Gross Turnover rose to GhC11,901,240.00 in 2011 as against GhC7,167,288.00 in 2010.

    • Pre-Tax Profit
    The Provisional Pre-Tax Profit of GhC370,512.00 was recorded in 2011 as compared to GhC195,842.00 in 2010.

    • Development Levy
    An amount of GhC243,915.00 was derived as Development Levy on feed sales as against GhC210,673.00 for 2010.

    3. Election of Officers of the Executive Council

    The regulations of the Association stipulate that one-third of the membership of the Executive Council retire at the Annual General Meeting. In compliance with this provision, Mr. K. T. Acquah, Mrs. M. Khoury, Mr. N. A. Adjin-Tettey, Mr. E. Asante and Mr. R. K. Tettey retired and offered themselves for re-election. During the Annual General Meeting, no new nominations were submitted. The 5 members were therefore declared elected unopposed