President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, says his government will do everything within its mandate to ensure that the cement industry in Ghana succeeds and remains compet
The use of cement, according to the President, would continue to increase in leaps and bounds with growing urbanisation, the huge housing deficit, and the anticipated rise in government and private sector infrastructural development projects.
Speaking at the 50th anniversary celebration of Ghana Cement (GHACEM) in Accra on Friday, President Akufo-Addo said the continued and expanded local manufacture of cement, would help create jobs and reduce the pressure on the country’s foreign exchange reserve from having to import cement.
As we have already indicated, government is seeking a transition to the use of concrete for the construction of more durable roads in Ghana,” he emphasised
More cement to be used
That, he said, would mean more cement would be needed for national development than before and for which matter he was of the belief that the expansion in GHACEM’s facilities and production capability were in order and agreed on by management of the company.
“I want GHACEM to be assured of Ghana’s full support over the next 50 years. Ghana will continue to partner with you, so you live up to your mantra of being the nation builder,” he added.
The President was emphatic that the country’s success, was GHACEM’s and that the situation was exclusively mutual, stressing “and I know that success is guaranteed.”
The President observed that the country’s cement industry was currently vibrant and had proven to be what was expected of the private sector.
“There is growing competition which is leading very much to the benefit of Ghanaians adding that the government on its part, would continue to ensure that the sector had the regulatory support and the friendly business environment that it needed to thrive.
Cement, the President said, formed the backbone of infrastructural development as it contributed about a quarter of the nation’s gross domestic product (GDP).
The President also paid tribute to Mr J.A. Addison, one of the pioneers and founders of GHACEM whom he described as a remarkable man and a great industrialist and leading aspirant and would-be presidential aspirant of the New Patriotic Party (NPP).
Ghana’s leading Cement manufacturer, GHACEM, launched its 50th anniversary last July with a call on government to create an enabling environment for businesses to compete fairly.
Speaking at the 50th Anniversary Ball, Managing Director of GHACEM, Mr. Morten Gade welcomed the President’s pledge to support the cement industry and called for fair competition in the sector.