The partnership between Margins Group and Denmark is yielding positive results, the Chief Executive Officer (CEO) of Margins Group, Moses K. Baiden has said.
He said through Margins Group partnership with a Danish investor, Margins Group had grown from a small intelligent card production company to one of the big global and multi-million companies in the world.
Mr. Baiden disclosed this in an interview with the media in Accra at the weekend when the Danish Minister of Foreign Affairs, Anders Samuelsen paid a working visit to the company.
The visit afforded Mr. Samuelsen, who was part of the delegation of Queen Margarethe II of Denmark, who paid a two-day visit the opportunity to acquaint himself with the operations of Intelligent Card Production Systems (ICPS), a subsidiary of Margins Group.
Mr. Baiden said with a grant of $100,000 from the Danish government in 1990 under its private sector development programme, Margins Group has grown to become a leading multi-national company in the world.
He said with additional $8.5 million mixed credit from the company’s Danish partners last year to purchase the equipment.
“The success story of the Margins Group is an epitome of what good partnership can bring,” Mr. Baiden said, saying the company employed more than 100 people and plans were far advanced to increase the workforce to 300.
He said Margins would continue to partner with Danish companies to create vibrant and high-paying jobs in the country.
Turning his focus on the visit of the Danish Foreign Minister to ICPS, he said Margins had been associated with a Danish partner for the past ten years.
“The Danish investors are looking for Ghanaian businesses to cooperate with and they see Margins Group as a business with good corporate behavior and governance with a special outlook,” Mr. Baiden said.
The CEO stressed the need for the partnership between Ghana and Denmark to be strengthened for the mutual benefit of the two countries, and particularly to reduce the country’s reliance on aid as espoused by President Akuffo-Addo.
Mr. Baiden disclosed that all is set for the National Identity Card programme to be rolled out, saying all the necessary equipment had been procured and installed for the programme to take off.
In his remarks, Mr. Samuelsen said he was excited about the inroads the company had made in the intelligent card printing industry in West Africa.
He said the partnership between Margins Group and its Danish partners indicated the importance of pooling resources and ideas together and building vibrant businesses.
“The partnership between Margins and its Danish partner is how cross fertilization of ideas can bring best results,” Mr. Samuelsen said.
By Kingsley Asare, culled from the Ghanaian Times, November 28, 2017, page 26