The President commissioned the 3rd phase of KEDA Ceramics and cut the sod for the commencement of the 4th phase of the project.
So far, KEDA has provided employment for more than 2,000 people (directly and indirectly) and hope’s to increase it to 5,000 by close of 2022.
In 2019, KEDA was able to export ceramics amounting to about USD 22.9 Million and this increased to USD 34.8 Million in 2020
According to Government, a total of about USD 150 Million has been invested in the project. Government has also provided exemptions in the areas of equipment, machinery, construction materials, among others.
The other company commissioned by the President was Narubiz, a rubber processing factory. The project is set to play a critical role in the country’s emerging auto manufacturing industry.
The company has a current production capacity of 20 tonnes per day of processed rubber. It is expected to export 6,240 tonnes of processed rubber yearly, amounting to USD 9.6 Million.
The Ghana Commercial Bank has provided a loan facility of USD 1.38 Million out of the USD 2.1 Million so far invested in the project.
It currently employs about 85 people and is indirectly linked to 1,260 people including out-growers, latex harvesters, farm maintenance workers, transporters, etc
