Osei Kyei-Mensah-Bonsu congratulates Gyata Cement on his bold move

Visit of the economic committee

Majority Leader Osei Kyei-Mensah-Bonsu commended the management of Gyata Cement Limited for the bold move to enter the cement manufacturing industry, which was a monopoly in the country.

“So far, we are very impressed with what we have seen and with the efforts made to expand the cement plant to make it the largest in the sub-region”

Mr. Kyei-Mensah-Bonsu said this after the Joint Committee of Parliament on Trade and Industry, Works and Housing visited Dzata Cement Limited, a Ghanaian-owned cement manufacturing company in Tema.

The visit of the members of the committee was to allow them to familiarize themselves with the functioning of the company.

The Majority Leader also praised the company for employing more than 400 direct workers and about 3,000 indirect workers, including agents and distributors across the country.

He stressed the need for Parliament to help the company overcome the start-up problems it was facing by helping it with some exemptions it might need to import equipment.

He said the government should also expand some facilities under the One District, One Factory (1D1F) to the company.

“I know some existing companies have applied for 1D1F trying to expand their equipment. … what can Parliament do to help the business grow to employ Ghanaians and also provide the economy with greater resilience,” he added.

Minority leader Haruna Iddrisu in his commentary described the company as a rich Ghanaian business venture that exemplifies Ghanaian enterprise and the success of potential indigenous Ghanaian businesses.

He said, “What he is doing is waking up political elites in Ghana to move beyond petty partisanship and indeed develop genuine indigenous Ghanaian businesses, regardless of their political affiliation.”

He said Ghana’s opportunities must benefit everyone, saying that if there was a Ghanaian businessman who could show promise and work for success, “we should together support that person.”

Mr. Ibrahim Mahama, Executive Director of Dzata Cement Limited, briefing the parliamentary delegation on the operations of the company, revealed that the first phase of the plant which was completed cost US$90 million.

He said the second phase, which involved building an additional plant, would cost $32 million, while the third phase, which involved building 10 silos with a capacity of 4,000 tons each, would also cost $48 million. millions of dollars.

He revealed that the company intends to source raw materials such as limestone locally for production in areas such as Nawule and Afram Plains.

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