W/R: Akufo-Addo commissions $150m Keda Ceramic factory
President Akufo Addo says his government has a non-discriminatory business environment and encourages investors both foreign and local to take advantage.
At the commissioning of the third phase of the Keda Ceramic factory in the western region under the one district one factory initiative, the president said ” government will continue to provide the necessary incentives that will allow businesses to flourish”.
The president who is ending his tour of the western region today applauded the management of Keda Ceramic for contributing to the Ghanaian economy.
‘Ghanaians and foreign investors so long as you are prepared to work, prepared to invest, prepared to create jobs you will have the support of government because my government is of the firm believe that we can develop only if we industrialized and that is why we continue to provide support to businesses and I am happy Keda has taken advantage of it and what we see here bears testimony’ he said.
Established in 2017, Keda Ghana Ceramics Company Limited pride itself as the nation’s premier producer of ceramics tiles and one of the best in the Africa.
The vision of the company is to be globally recognized as the premier producer of ceramics tiles and using Ghana as the industrial hub of Africa in order to meet the demand for Africa, America, and the European Markets.
The company currently export 70 percent of its products to the West African market.
The expansion drive which resulted in the commissioning of the third phase worth 150 million dollars offers over five thousand jobs making Keda the biggest employer in the manufacturing sector of the Ghanaians economy.
Chairman, Shen Yanchang says a 4th phase which has just started will add on one thousand more jobs when completed.
“The completion of the fourth phase will increase our production capacity to 150, 000 square meters per day”‘ he noted.
This is expected to increase revenue generation for the government through the payment of value Added Tax, corporate Tax, taxes from local materials purchases, sub-Contractors, the pay as you earn income tax from our employees as well as local building and raw materials sourced from local suppliers’ he indicated.
Keda according to the managing director intends to in the next 1-year hand over 40% of key and technical positions to our local staffs. ‘our engineers and professionals working here have so far trained and transfer the related technologies and know-how to some key local employees, This is our commitment to the localization of our factory, he indicates.
The 150 million dollar Keda Ceramic factory is projected too be the biggest employer in the manufacturing sector.
Below are exclusive pictures from the commissioning and sod cutting ceremony:
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