ADVERTISEMENT
Bawumia breaks ground for new cement factory under ‘1-District-1-Factory’
The initiative, which is a joint venture between Ghana and the Iranian government with the latter owning 90 percent shares, is expected to be completed within a period of two years.
The $30 million Cement factory will be located at Dawa Industrial City in Accra, and it falls under the Akufo-Addo administration’s One-District-One-Factory programme.
The agreement for the construction of the factory was signed when the Dr. Bawumia visited Iran in August 2017, for the inauguration of Iranian President, Hassan Rouhani.
ADVERTISEMENT
Dr. Bawumia said the factory “will create the needed competition in the industry to reduce the unit cost of cement for the ordinary Ghanaian.”
The factory is also to boost Ghana’s infrastructure and industrial development.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
It's regrettable Ghanaian journalists no longer talk about galamsey — Sir Sam Jonah
Police arrest 1 person in connection with Odumasi-Badu Road robbery in Bono Region
Asantehene urges government to involve private sector in GRIDCo, ECG, VRA and others
Robbery attack claims life of University of Energy and Natural Resources student
11 out of PNC's 16-member NEC resign, form new party called PNP
Informal workers beg for cash to cope with cost of living crisis — Report
Report reveals 850,000 Ghanaians pushed into poverty by gov't debt and market closures
'Businessman' remanded over robbery of former second lady and others at gunpoint