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Business News of Friday, 4 November 2016


President Mahama innaugrates Diamond Cement Plant

Western Diamond Cement

President John Mahama has said that the decision of Western Diamond Cement to set up an ultra modern cement factory in the Western region will attract more investors into the country.

According to him, the plant is confirmation that Ghana is conducive place for investors to do business.

Speaking at an inaugural ceremony of the factory in Bokro in the Ahanta West District, President Mahama said the 50 million dollar plant is an indication of economic growth in Ghana.

“This 50 million dollars project we are witnessing is a manifestation of the foreign direct investment that Ghana is experiencing economic growth,” he said.

He stated that the decision to establish such a factory in Ghana is in the right direction since it will positively impact the lives of people in the Western region.

“As a government, we applaud Diamond Cement for the confidence they continue to demonstrate in Ghana. This gives strong positive signals to other investors about the conduciveness of the Ghanaian business environment for companies to invest significant amount of money into our economy. Ghana is rising,” he said.