KEDA commissioned. The objective underlying the One District One Factory programme of the government, spearheaded by the Ministry of Trade and Industry, is the transformation of the industrial landscape of the country through a deliberate effort of providing incentives to realize the set target.
Government has thus provided an incentive regime which includes tax waivers on importation of plant and machinery, tax holidays for companies enrolled on the programme, provision of technical support services, and flexible interest regime for the programme, among others.
The hope is that all the support given the companies will spur them on to be able to create the much needed jobs for the teeming youth in the country, especially within the rural and peri-urban communities.
One of such companies that has taken up the challenge is KEDA Ceramics Company Ltd, located at Lower Inchaban in the Shama District of the Western Region of the country.
The company has so far provided employment estimated at more than two thousand (2,000), directly and indirectly for both the first phase and second phase. This figure is expected to increase to more than five thousand (5,000) in 2022. President Akufo-Addo cuts sod to commence phase four of KEDA project Commissioning the third phase and at the same time cutting the sod for the commencement of the 4th phase of the project, H.E. Nana Addo Dankwa Akufo-Addo, President of the Republic was very enthused about the fast progress and expansion of the company.
He noted that the expertise of KEDA Ceramics and the reputation for its best qualities has positioned the company to be competitive not only in Ghana but the whole of West Africa.
The President emphasize that in 2019, despite the Covid-19 pandemic, KEDA was able to export 7,156,800 meter square of ceramics amounting to USD22.9 Million, which increased to 10,540,800 meter square in 2020 and raked in USD34.8 Million.
According to the President, the projection for this year’s export is expected to hit 12,355,200 metric square with USD39.5 Million as foreign exchange generation.
The total investment of the projects is estimated at USD 150 million and the Government has provided exemption in the area of equipment, machinery, construction materials, etc. to enhance the operations of the company.
The President commended the Promoters for having confidence in the Government and the Ghanaian economy and assured them of Government’s continuous support to expand operations and take advantage of the African Continental Free Trade Agreement.
The President […]