Business News of Thursday, 5 March 2026

Source: www.ghanaweb.com

President Mahama commissions world's largest Calcined Clay Cement Plant in Tema

The plant has an annual production capacity of 1.5 million tonnes of environmentally friendly cement The plant has an annual production capacity of 1.5 million tonnes of environmentally friendly cement

President John Dramani Mahama has commissioned the world’s largest calcined clay cement plant at the Tema Free Zones Enclave developed by CBI Ghana Ltd.

The $110 million plant, has an annual production capacity of 1.5 million tonnes of environmentally friendly cement. It uses limestone calcined clay technology, which significantly reduces carbon emissions while maintaining the strength required for modern construction.

Speaking at the commissioning on March 5, 2026, President Mahama said the event represents more than just the opening of a factory.

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"It is a tangible step toward repositioning Ghana as a leading industrial hub in Africa," he noted.

He also announced the government’s ambitious target to increase manufacturing’s contribution to GDP to at least 15 percent by 2030, a key pillar of the administration’s economic transformation agenda aimed at expanding industry, strengthening local production, and creating sustainable employment opportunities.

The President commended the leadership of the Ghana Free Zones Authority and the Ministry of Trade, Agribusiness and Industry for facilitating the investment, while congratulating the management of CBI Ghana for advancing a project that strengthens Ghana’s position in the global transition toward low-carbon construction materials.

Designed to operate continuously under the government’s 24-Hour Economy policy, the facility is expected to create jobs across the value chain, reduce Ghana’s dependence on imported clinker, and support the country’s ambition to produce competitively for both domestic consumption and export under the African Continental Free Trade Area (AfCFTA).