Addressing an end of year thanksgiving service, Ms ELzabeth Mansa Banson, Board Chair, said GH¢44,135,431 was raised against the related period end budget of GH¢134,426,955.

"Thus, actual performance represented 32.83% of the period end budget and 24.53% of the 2019 annual budget,"she stated.

According to her," Actual performance for the year to 31st December, 2019 is projected to be GH¢59,682,794 or 33.17% of the 2019 budgeted total revenue. 

Compared to same time last year, actual total revenue (gross earnings) for the nine month period to September, 2019 decreased by GH¢8,545,843 or 16.22% against same time last year's gross earnings of GH¢52,681,274."

She indicated that net profit before tax for the nine month period ended 30 September, 2019,  amounted to GH¢15,131,995 against the related period end budget of GH¢11,916,343, representing 26.99% more than budgeted.

"Net Profit Before Tax by 31st December, 2019 is projected to be GH¢17,463,680 with an expected return on capital employed of 7.81% against the 2019 annual budgeted profit of GH¢12,045,468 and return on capital employed of 6.46%.

" TDC continues to prepare itself towards the implementation of the redevelopment programme to ensure a successful regulation of Tema into a world class urban environment as conceived by our founding fathers with Kaiser Flats in Community 4, Sites 1,2 and 3 in Communities 1 and 2 as the piloting phase,"she stated.