A ground-breaking ceremony has taken place for the new Cimaf Ciments de L’Afrique cement plant in Tema, Ghana. The €60 million plant is expected to be completed within 18 months and will produce 1 million tpa. President Mahama spoke at the ceremony, saying he hoped that, on completion, the new plant would stabilise prices in the country, which appear to be rising in response to a rumoured shortage of cement on the market. The President dismissed the rumours and discouraged panic buying.
The Ghanaian construction industry is profiting from the country’s economic growth, which stands at approximately 7% pa.
The new cement plant is owned by the Moroccan Addoha Group and is Morocco’s first industrial investment in Ghana. The plant will employ 1200 people, directly and indirectly, and will be managed by Ghanaians.
The Addoha Group has also signed an MoU with Ghana’s government for the construction of 10 000 housing units over seven years, which will help to meet the housing shortage in the country. Other projects, such as schools, clinics, etc. are also in line for the future.
Edited from various sources by Katherine Guenioui
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