Urgent.News

What's breaking now, across thousands of outlets.

Business

President Mahama hails Kasapreko as model for Ghanaian enterprise, urges more investment

By: Celestine Avi and Seth Eyiah President John Dramani Mahama has described Kasapreko PLC as a model for Ghanaian businesses, urging local entrepreneurs to expand production, invest in new industries and create more jobs for the youth. He made the remarks during a visit to Kasapreko’s production facility, where he commended the company’s growth, expansion […]

President Mahama hails Kasapreko as model for Ghanaian enterprise, urges more investment

President John Dramani Mahama officially inaugurated an expanded evaporated milk production line at Nestlé Ghana Limited's factory in Tema. The new line boosts the facility's annual production capacity from around 12,960 tonnes to nearly 30,000 tonnes, replacing a production line that had served the factory for over 30 years. Mahama described the investment as a testament to confidence in Ghana's long-term economic prospects and a practical example of the government's 24-hour economy initiative.

The expansion aligns with Ghana's industrialization agenda, aimed at increasing domestic production, reducing reliance on imports, and promoting the export of locally made products. Nestlé, an established presence in Ghana since 1957, praised the government for its support and encouraged further collaboration with local farmers, suppliers, and businesses.

The expanded production facility operates round-the-clock, exemplifying the principles of the 24-hour economy initiative, and employs approximately 2,500 people, with 94.4% of the workforce being Ghanaian.

Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at gbcghanaonline.com →

More in Business

More from Friday 9 October →