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President commissions third phase of KEDA Ceramics factory

Shama (W/R), President Nana Addo Dankwa Akufo-Addo has commissioned the third Phase of the KEDA Ceramics factory, a company operating under Government’s “One District, One Factory” initiative.

The factory, located at Lower Inchaban in the Shama District of the Western Region, has generated some 2,000 direct and 5,000 indirect employment opportunities, since the completion of its first and second phases.

Construction of the third phase of the factory started in September 2019, and was completed in June 2021. The President cut the sod for the third phase of expansion works of the factory in July, 2019.

KEDA Ceramics Company Ltd, has invested some $150 million in all three phases, resulting in an increased production capacity of 150,000 square metres of tiles per day. Currently, the company exports 60 percent of tiles produced to the West African market.

At a ceremony at Shama, as part of his two-day working tour of the Western Region, President Akufo-Addo was very encouraged 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 emphasized that in 2019, despite the Covid-19 pandemic, KEDA was able to export 7,156,800-meter square of ceramics amounting to US$22.9 Million, which increased to 10,540,800-meter square in 2020 and raked in US$34.8 Million.

He said the projection for this year’s export is expected to hit 12,355,200 metric square with US$39.5 Million as foreign exchange generation.

With the company’s operations significantly reducing the import of tiles to into Ghana, President Akufo-Addo lauded the contribution ceramic manufacturing was making in the industrialization agenda of the country.

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 emphasized that in 2019, despite the Covid-19 pandemic, KEDA was able to export 7,156,800-meter square of ceramics amounting to US$22.9 Million, which increased to 10,540,800-meter square in 2020 and raked in US$34.8 Million.

He said the projection for this year’s export is expected to hit 12,355,200 metric square with US$39.5 Million as foreign exchange generation.

With the company’s operations significantly reducing the import of tiles to into Ghana, President Akufo-Addo lauded the contribution ceramic manufacturing was making in the industrialization agenda of the country.

 

Source: Ghana News Agency

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