Cement News tagged under: Ghana

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Norfund invests in Continental Blue Investments Ghana

06 May 2022, Published under Cement News

Norfund, the Norwegian investment fund for developing countries, has made a US$7.5m investment in Continental Blue Investments Ghana Ltd (CBI) to support the company’s drive to reduce CO 2 emissions and increase job opportunities at its 0.55Mta Tema plant. Earlier this year CBI Ghana placed an order with FLSmidth to supply the world’s largest clay calcination installation . The facility is expected to reduce total CO 2 emissions by up to 20 per cent compared to current practices and by ...

Empire Cement Ghana denies producing cement without a permit

08 April 2022, Published under Cement News

Empire Cement Ghana Ltd, located at Weija, in Accra, Ghana, allegedly been producing and distributing cement without authorisation according to rival local cement manufacturers. Existing cement manufacturers in Ghana have also accused the new entrant of operating under unethical environmental conditions, reports Graphic Online. However, Empire Cement has denounced and discredited the accusations, saying it has not started producing cement at the factory for the open market. The co...

FLSmidth to supply World's largest calcined clay installation

31 March 2022, Published under Cement News

FLSmidth has won an order to supply CBI Ghana Ltd’s cement plant outside of Accra in southern Ghana with the world’s largest clay calcination installation. The facility will include the world’s largest gas suspension calciner system and a complete grinding station, adding another 120 per cent grinding capacity. Together with the new grinding station, the Swiss-owned company expects both financial and environmental return-on-investment from lower specific CO 2 emissions, energy- and f...

Ghana to look at regulating cement industry

16 March 2022, Published under Cement News

Ghana’s Ministry of Trade and Industry has announced plans to set up a committee to advance the drafting of policies to regulate the country’s cement industry, according to local sources. Deputy Trade and Industry Minister, Michael Okyere Baafi, said the “government is also working with the cement manufacturers in the area of regulation of cement and even the development of the cement business in Ghana. The cement business is not regulated.” In addition, the country’s Chamber of Cement ...

COCMAG calls on Ghana's government to cancel imported clinker Fumigation Levy

21 January 2022, Published under Cement News

The Chamber of Cement Manufacturers, Ghana (COCMAG) said the Fumigation Levy charged on imported clinker is having serious financial toll on cement production companies in the country and pushing cement production costs up. The Executive Secretary of COCMAG, Reverend Dr George Dawson-Ahmoah, who expressed the concern in an interaction with the media, said the local cement manufacturers were working frantically to avert the high cost of production to help reduce or maintain the price of ...

CIMAF to expand capacity with IFC, Proparco and EAIF financing

11 November 2021, Published under Cement News

CIMAF will receive financial support from IFC, Proparco and the Emerging Africa Infrastructure Fund (EAIF) to help its drive for capacity expansion to meet the growing demand for housing and infrastructure in west Africa. IFC is providing a EUR161.25m financial package for CIMAF, which includes a EUR92.5m loan on its own account as well as a parallel loan of EUR33.75m from Proparco and a EUR35m B loan from the EAIF. The finance package will enable CIMAF to expand its existing cement grind...

Regional chief president calls for new Ghanaian cement factory

11 October 2021, Published under Cement News

The President of the North East Regional House of Chiefs, Nayiri Naa Bohagu Abdulai Sheriga, has appealed to Ghana's government to establish a cement factory in the area to create employment and promote the local economy. According to the Nayiri, who is also the overlord of the Mamprugu Traditional Area, the huge limestone deposits in the area present the opportunity to develop an industry that would help in raising the standard of living of the people and benefit Ghanaians in general....

Ghana cement factory needs US$4m to be resurrected

29 September 2021, Published under Cement News

The pozzolana cement factory established by the Building and Road Research Institute of the Council for Scientific and Industrial Research (CSIR-BRRI), and abandoned earlier this year because of a lack of investment, requires US$4m to be resurrected, said  CSIR-BRRI Director, Dr Daniel Asenso-Gyembibi. Situated in Gomoa Mprumem in the central region, the CSIR-BRRI plant requires revamping for commercial cement production but has failed to attract investment despite the CSR-BRRI having al...

Fears Ghana's cement price will climb above GHS60/bag

02 September 2021, Published under Cement News

Ghana's cement price is likely to continue rising and could surpass GHS60/bag (US$9.94) by the end of the year if some taxes and levies are not scrapped, say cement producers. In the last seven months cement prices in the country have risen three times, amounting to a 27 per cent rise and pushing retail prices to GHS50/bag.Manufacturers have had no choice but to absorb a lot of the costs to keep cement prices at their current level.   Raw material prices continue to rise and the scarc...

Ghacem plans construction of new 1.5Mta plant

09 August 2021, Published under Cement News

Ghacem is preparing to begin construction for a new 1.5Mta plant in Kumasi, Ashanti region, which will serve the region and its surrounding areas. The MD of the Ghana-based company, Stefano Gallini, noted that the project is related to surging demand in that part of the country. Its Tema and Takoradi plants will also be expanded to improve efficiency, according to reports. The new project represents an investment of around US$100m and is expected to export products to Burkina Faso and ot...