Vice-President Dr Mahamudu Bawumia yesterday cut the sod for the construction of a $30million cement factory at the Dawa Industrial Enclave on the Tema-Aflao road.
The Ilam cement factory, a joint venture between Ghana and Iran, is expected to be completed in two years.
Iran owns 90 per cent shares whilst Ghana wields 10 per cent stakeholding in the project that is expected to produce some 600,000 tonnes of premium cement a year when completed.
The ceremony for the construction of the factory follows the signing of a Memorandum of Understanding (MoU) between Ghana and Iran, when the Vice-President visited that country earlier in the year on the sidelines of the inauguration of Iranian President Hassan Rouhani.
Dr Bawumia said the project, which reflects the economic dimension of the relations between Iran and Ghana, would boost the nation's infrastructural drive, create jobs and further make the price of cement competitive.
He assured that government would create the enabling environment for business growth to boost the economic outlook of Ghana.
Dr Bawumia was optimistic that there would be many more mutually beneficial co-operation between Ghana and Iran.
The Iranian Agricultural Minister, Mahmoud Hojjati, who joined the Vice-President to perform the commissioning, was optimistic that the project would boost the bilateral ties between his country and Ghana.
Source: The Finder
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
where are the worshipers of ndc who always rain insults on Bawumia i guezz they've not seen this one or they have but feeling ashamed to comment...this is competency money for value not spending our monies on gals and personal buildings in dubai and stealing it for your family members ***barred word***....