Bawumia breaks ground for construction of new cement factory

The Vice President, Dr. Mahamudu Bawumia has cut sod for the construction of a $30 million cement factory in Dawa Industrial Enclave on the Tema-Aflao road. The initiative, which is a joint venture between Ghana and the Iranian government with the latter owning 90 percent shares, is scheduled to be completed within a period of two years. The project is expected to produce some 600,000 tones of premium cement annually. The ground breaking ceremony for the construction of the factory on Tuesday follows the signing of an MOU between Ghana and Iran when the Vice President visited Iran earlier this year during the inauguration of  Iranian President Hassan Rouhani. Dr Bawumia said the project reflects the economic element of the relationship between Iran and Ghana. This, he said, would boost Ghana’s infrastructure, create more jobs and help make the price of cement affordable. He added that government would create the enabling environment for businesses to grow and contribute to the industrial transformational agenda of the government. Vice President Bawumia was optimistic that there would be many more beneficial cooperation between Iran and Ghana . “I understand a fruit processing factory is also to be commissioned at Asamankese under the auspices of an Iranian company. Projecting into the future, I see that there will be many more areas of cooperation that Ghana will enter into with Iran for our mutual benefit.” Present at ceremony was the Iranian Agricultural Minister Mahmoud Hajjati, who joined the Vice President to perform the sod cutting ceremony. By Vida Asiedu |3news.com | Ghana]]>

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