GHANA’S PRESIDENT COMMISSIONS TWYFORD CERAMICS FACTORY

Ghana’s president commissions US$77.26 million Twyford Ghana Ceramics Company Limited factory.

Ghana’s President Nana Akufo-Addo has commissioned a US$77.26 million Twyford Ghana Ceramics Company Limited factory, which is located in Shama District of the Western Region.

The factory which will be producing and distributing tiles at a designed production capacity of 14.4 million square metres per year with annual sales projected to be US$82.8 million, will also create some 1,846 jobs.

The Production capacity of the factory would reduce Ghana’s importation of tiles from US$90.66 million to US$7.86 million per year with a further potential to reduce the demand on foreign currency and stabilise the local currency.

The Twyford factory is a subsidiary of a Chinese company, Sunda (MU) Holdings Limited.

In the president’s address, Akufo-Addo identified the factory as a boost to the government’s one district one factory industrialisation programme, which is aimed at shifting focus from taxation to production to boost the economy .

He also added that Ghana Gas Company Limited would reduce the price per unit gas supply to the newly Twyford Ghana Ceramics Company Limited and other industries across Ghana as part of government’s agenda to improve the business environment.