Accra, Oct. 30, GNA - Mr Kenneth Ashigbey, Managing Director, Graphic Communications Group Limited (GCGL), on Monday expressed gratitude to the National Media Commission (NMC) for giving him the opportunity to serve the Company and mother Ghana.
“I wish to wholeheartedly thank the National Media Commission for the opportunity it gave me to serve my country in this noble capacity of managing one of the most reputable media house in West Africa,” Mr Ashigbey stated at the induction of the new Board of the GCGL in Accra.
The nine member Board is under the Chairmanship of Professor Kwame Karikari, a Journalism and Communications Expert, and the founding Executive Director of the Media Foundation for West Africa.
Other members of the Board include Mr Ashigbey, Ms Ajoa Yeboa Afari, Chairperson, Editors’ Forum of Ghana; Mr Osei Afriyie, Dr Rita Larsen-Reindorf, Nana Otuo Acheampong, Dr Mawuli Adjei, Mr Mohammed Yusuf Twumasi and Mr Bismarck Emmanuel Badu.
Nana Kwesi Gyan-Apenteng, Chairman, NMC, administered the Oath of Office to the new Board; however, Mr Osei Afriyie was not available to part take in the induction ceremony.
Mr Ashigbey said: “I have enjoyed every minute of the journey with Graphic and the NMC. I believe no one here is in doubt why I am thanking the NMC, as it is known that I leave the company only two days after this inaugural ceremony.
“I guess this is the shortest stint as a member of any board, serving for only two days. I intend to serve it to the best of my abilities as I have done on previous occasions”.
To the new Board, Mr Ashigbey said: “You come in at a time when global print media is facing the challenge of decline as a result of changing media consumption, the digital and social media onslaught.
“This challenge is even more pronounced in our country, where reading culture is poor and our laws allow the bastardization of newspaper content with radio and Television Stations virtually reading all newspaper contents on sponsored programmes,” he added.
He said additionally media houses copy the content from newspapers and produce them online without even offering back link credits.
He said this calls for creativity to confront this challenge frontally in order to keep the company running; declaring that, “We have taken some steps in this direction”.
He said the strategy as approved by the Board, was to stabilize and reverse the decline in their core business, newspaper and adverts sales whiles aggressively diversifying the company’s portfolio with high growth rates.
He said the 2016 audited accounts of Graphic saw it posting a profit before tax of GHȼ922,150.00 and earnings per share of 0.2662, a growth of 174 per cent over 2015 figures.