THE APPEAL: SPECIAL APPEAL TO ASSIST THE METHODIST CHURCH GHANA RAISE ONE MILLION DOLLARS TO INCREASE ITS EQUITY SHARE IN THE GARDEN CITY MALL (GCM), KUMASI FROM 6% TO 10%.
The Methodist Church Ghana has taken a cue from the churches in Nairobi, Kenya by entering into real estate development and other business ventures with the view of raising additional funds to take care of the church’s increasing corporate and social responsibilities. The Methodist Ministers Housing Scheme has set the pace in the construction of the 5 storey “Freeman Methodist Guest House” at the Freeman Methodist Center in Kumasi. The guest House is doing very well and attracting a lot of patronage and promise s to be one of the leading Guest Houses in Kumasi in the very near future.
The Garden City Mall Ltd, Kumasi
As you may be aware, The Methodist Church Ghana is jointly promoting the Garden City Mall Ltd, Kumasi with Retail and Realty (Owners of Accra Mall) and Asanteman Council. Construction started in February 2015. To date all earth works have been completed and 30% of main woks completed as well.
The Methodist church’s equity share in the business currently stands at 6%. The total cost stands at $52 million. We, the original promoters, have spent $13 million out of the $17million total equity. Including land. We are therefore to come up with the balance $4million before the loan disbursement of $35million needed to complete the project will be released by the two banks who are committed to giving us the loans to complete the project.
OPTIONS OF ASSISTANCE IN PREFERRED ORDER:
A: Gift/free donation of between US$2,000 to US$50,000 or its equivalent in Ghana cedis (at GH4 to the US Dollar)
1. Membership of club 500 of the Methodist Church Ghana:
a. Platinum Division - US$50,000 and above
b. Gold Division - US$20,000 and above
c. Diamond Division - US$10,000 and above
d. Silver Division - US$5,000 and above
e. Bronze Division - US$2,000 and above
2. A certificate of recognition and a plaque of honour erected in one’s honour or in honour of a loved one on a “Wall of Honour” at the mall.
You are, therefore, being invited to a special Dinner in Accra, Kumasi or Takoradi at which you will be fully briefed on the project and your contribution taken.
Venue: Fiesta Royal Hotel
Date: Wednesday, July 27, 2016
Venue: Golden Tulip
Date: Friday, July 29, 2016
Venue: Akroma Plaza
Date: Wednesday, August, 2016
Please indicate to the Administrative Bishop by Text your acceptance of this invitation and which location you have chosen. The Lord bless you as you consider accepting to participate in this honourable cause.
1. Particulars of Dollar Account to be Credited
Methodist Church Ghana,
Standard Chartered Bank, High Street,
US Dollar Accouts,
Account No. 8700202454200
Swift Code SCBLGHAC
2. Particulars of Cedi Account to be Credited
Methodist Church Ghana,
Barclays Bank of Ghana Ltd,
Avenue Central Branch,
Account No. 1724893