President Akufo-Addo has commissioned a $150 million Keda Ceramics Factory in Western Region under the One District One Factory initiative, saying, his government has a non-discriminatory business environment and encourages all investors both foreign and local to take advantage of the growing Ghanaian economy.

At the commissioning ceremony, the president said government will continue to provide the necessary incentives that will allow businesses to flourish.

The president who is ending his tour of the western region applauded the management of Keda Ceramics for contributing to the Ghanaian economy.

“Ghanaians and foreign investors so long as you are prepare to work, prepare to invest, prepare to create jobs, you will have the support of government because my government is of the firm believe that we can develop only if we industrialise. And that is why we continue to provide support to businesses and I’m happy Keda has taken advantage of it and what we see here bears testimony’ he mentioned.

Established in 2018, Keda Ghana Ceramics Company Limited pride itself as the nation’s premier producer of ceramics tiles and one of the best in the Africa. The vision of the company is to be globally recognised as the premier producer of ceramic tiles and using Ghana as the industrial hub of Africa in order to meet the demand for Africa, America, and the European markets.

The company currently export 70% of its products to the West African market. The expansion drive which resulted in the commissioning of the third phase worth $150 million dollars offers over 5,000 jobs, making Keda the biggest employer in the manufacturing sector of the Ghanaian economy.

Managing director, Shen Yanchang said a fourth phase which has just started will add on 1,000 more jobs when completed.

“The completion of the fourth phase will increase our production capacity to 150,000 square meters per day. This is expected to increase revenue generation for the government through the payment of Value Added Tax, corporate tax, taxes from local materials purchases, sub-contractors, the pay as you earn income tax from our employees as well as local building and raw materials sourced from local suppliers”, he indicated.

Local content

Keda, according to the managing director intends to in the next one-year, hand over 40% of key and technical positions to the local staff, adding “our engineers and professionals working here have so far trained and transfer the related technologies and know-how to some key local employees. This is our commitment to the localization of our factory, he indicated”