Trade and Industry Minister, Alan Kyerematen, has commended Ibrahim Mahama, Founder of Dzata Cement Limited, for investing heavily in the cement industry.
The over $100 million investment is located on a 10-acre land near the Tema Port.
Mr Kyerematen made the commendation when he paid a working visit to the plant of Dzata Cement Limited on Monday.
The visit was to enable him to have first-hand information on the cement-producing plant and the progress of work so far.
The technology deployed for producing the cement is from Germany and was developed by Haver and Boecker.
The cement grade produced by the plant is ordinary Portland cement, which is imported for the plant and then bagged.
The plant, which is wholly managed by Ghanaians, can produce an average of 120 bags per minute from the two production lines.
The Minister said the industry had been solely dominated by global foreign companies and that Dzata Cement Limited was the first wholly Ghanaian investment in the cement industry and that alone was remarkable.
He said the government very much appreciated the importance of foreign investment capital but there was no evidence of any country anywhere in the world that had been able to achieve quality growth without supporting their indigenous entrepreneurs.
“That is why l think this particular investment should pave the way for investments in industries which otherwise have been dominated only by foreign companies,” he added.
Mr Kyerematen also lauded Mr Mahama for the investment in state-of-the-art technology, which also was important as a developing country.
He also appealed to Ghanaians to support the factory because it’s a success story of Ghanaian entrepreneurship.
He said as a safeguard measure to protect the domestic cement industry against import surges of Portland cement, the Export and Import (Restrictions on Importation of Portland Cement) Regulations, 2016 (L.I 2240) was passed.
The Minister said the facility was going to create high skills jobs for Ghanaians and contribute to job creation.
He encouraged the management of the Company to as much as possible use local raw materials to create sustainable job opportunities for Ghanaians.
He urged the management to take advantage of opportunities the ECOWAS and AfCFTA markets offered to develop and grow the company while contributing to the Ghanaian economy.