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President Akufo-Addo has entreated business entities and companies to take advantage of the government’s one district one factory initiative to expand their businesses.
According to the President, the government is ready to throw its support to any business entities and companies ready to expand their production to offer Ghanaians more jobs.
He pointed out that should companies expand their production, not will only offer more jobs opportunities to Ghana rather increase revenue generation of the government.[ads1]
The President said this when commissioning the phase three of the Keda ceramics factory and the cutting sod of the phase four of same project in Shama district of the Western Region on Friday, September 3, 2021.
Speaking at a brief ceremony, the President expressed his excitement about the project and hailed Keda Ceramics Company Limited for taking advantage of the one district one factory initiative by the government to establish one of the biggest manufacturing facilities in Ghana that spread its tentacles to the West African market.
He said that, government, as part of the one district one factory initiative, has supported Keda Ceramics Limited the project with the phase three starting in September 2019 and ending in July, 2021 and now begining the phase four.
President Akufo-Addo stated that Keda Ceramics Limited have invested $150m in all the three phases which has increased its production capacity to 150,000 meter square daily, exploiting seventy percent of its production to the ECOWAS market – feat he believes can best sell the industrial development of the country to the rest of the world.[ads1]
He commended the management of Keda Ceramics Company Limited for their enterprise, vision and hard work and moreover for spreading their tentacles to West African market to generate more foreign exchange for Ghana.
The Group Chairman of Sunda International, the mother company with Keda Ceramics Company Limited as a subsidiary, Mr Shen Yan Chang said the commissioning and the sod-cutting of the Phase Four marks another important milestone in the local ceramics tile manufacturing industry of Ghana, and it is also of great significance to the promotion of the industrialization drive of the Ghanaian economy.
“Our massive investments as a profit-making company in Ghana also speaks to the friendly business policy of the Government of Ghana”, he opined.
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