Cement News tagged under: Dzata Cement

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Dzata Cement calls for raw material VAT waiver

06 September 2022, Published under Cement News

Ghana-based Dzata Cement has urged the government to grant waivers on VAT charged on cement raw materials. According to the Managing Director of Dzata Cement, Nana Phillip Archer, instability in the local currency had significantly pushed up cement producers’ operating costs and this would result in cement producers passing on the cost to consumers as higher cement prices. Nana Archer said the company also paid fumigation levy on its imports, whereas vessels that brought in the semi-fi...

Dzata Cement set to begin operations at 1.2Mta plant

12 May 2021, Published under Cement News

Ghana-based Dzata Cement is expected to begin cement production next month at its facility in Tema. Representing an investment of more than US$100m, the plant is expected to produce 1.2Mta in its first phase. "What I can say is that we are bringing the highest quality of cement into the market and with the expectation that it will stabilise the supply and pricing as well," said Philip Archer, managing director. "The first phase which we are seeing will be giving us more than 1Mt per year...

Dzata Cement did not cause UT Bank collapse

14 August 2018, Published under Cement News

Dzata Cement of Ghana was not responsible for the collapse of UT Bank in 2017. The cement producer was previously thought to be a major cause of the bank's folding, incorrectly attributed to the cement company defaulting on a loan.  However, Ibrahim Mahama, who owns the cement facility, said the repayment of the loan was to start after the company began operations and cement sales. The licence of UT Bank had also been withdrawn by the Bank of Ghana in August 2017 and had been taken over by...