Ghana is set to partner with Ciments de l’Afrique (CIMAF Ghana Ltd) to build a £60 million ($82.4 million), one million tonne per annum capacity cement manufacturing plant in Tema Metropolitan Area, a letter of intent between the two institutions has stated.
The agreement was signed on behalf of the government by Mrs. Mawuena Trebarh who represented the Minister of Trade, Haruna Iddrisu and Mr. Saad Sefrioui, General Director of Ciments de l’Afrique (CIMAF GHANA LIMITED) who represented his company.
According to the terms of agreement, CIMAF is required to consider local content when sourcing for materials and abide by the country’s environmental rules and regulations
In turn, the Ghanian government is required to acquire 10 hectares of land as well as handle the administrative processes involved in the lease of a limestone quarry necessary for the cement factory operations
Construction of the cement plant should be completed within 18 months, increasing cement exportation, serving local demand and creating jobs, thus boosting economic growth and development.