€60m CIMAF cement plant opens in Tema
A €60million new cement production, CIMAF, has begun operations after it was opened by President John Dramani Mahama in the free zone enclave, Tema.
As the first Moroccan investment in Ghana, with a fix production capacity of 1million tons annually, the company is also building an auxiliary paper factory to produce cement paper bag for cement packaging, create over 200 jobs at the operational stage, and additional 5000 indirect jobs in cement distribution and transport haulage.
Minister of Employment and Labour Relation, Haruna Iddrisu, who spoke on behalf of President John Dramani Mahama said the initiative will contribute immensely to the construction sector, and employment generation and the growth of the economy of 1million tons of cement production.
“Ghana remains a safe and secure place of investment and the reality of the commissioning remains a manifestation of the confidence of investors in Ghana’s economic leadership.”
Mr. Iddrisu said over 1000 jobs were created at the construction stage and at the operational stage 200 additional jobs were also created whiles noting that government will accept trade competition, but not unfair trade practices.
“In earnest it is the expectation of the President of Ghana to make sure the International Trade Commission will begin work in earnest to ensure fair and equitable trade and where necessary sanction heavily those who will hide behind export subsidizing to undermine local cement production and the local cement industry as a whole,” he noted.
He stated that apart from this direct foreign investment by Cimaf, government is looking forward to working with them to support Ghana’s housing sector.
President of Cimaf, Anas Sefrioui said that an investment of this nature will enable Ghana attain sufficiency in cement production.
He indicated that 95percent of the company will be entirely managed by Ghanaian human resources. “For this reason the company has sent 30 Ghanaian technicians to Morocco for a three month training program to ensure the continuity of the project in the years to come.”
The plant consists of state-of-the-art equipment such as cement grinding, laboratory, packaging unit and others. Cimaf has operational plants in some part of Africa including Angola, Tanzania, and Senegal, with other plants undergoing construction in Mauritania and Chad.