The government of Ghana is to establish $80 million steel factory at Dawhenya in collaboration with B5 Plus under its falgship programme, 1 District, 1 Factory.
The factory to be hosted at Dawhenya in the Ningo Prampram District of the Greater Accra Region, when operational, is expected to save the country an average amount of $100 million used to import iron and steel.
The Chief Executive Officer (CEO) of the company, Mr. Mike Thakwani, made this known during a facility tour by the Ghana National Chamber of Commerce and Industry at Tema.
The Daily Graphic reports on Monday that the CEO revealed that the first phase of the project had been completed and that it would become operational in May.
Ghana’s construction industry relies heavily on steel and iron sheets for various development projects, therefore the citing of an iron and steel factory will go a long way to ease the burden on the country in terms of imports of such products.
DAP/GIK/APA