Read the statement below:Ghacem, the nation’s leading cement manufacturer, will in the coming weeks, cut sod for the construction of a 1.5-million-ton capacity cement production plant in Kumasi to serve the Ashanti Region and its surrounding areas. The $100 million investment by the company is expected to increase employment opportunities for the cement industry, as many more projects are being undertaken. He indicated that the recent hike in cement prices was as a result of the high costs incurred during production and increasing freight costs. Mr. Gallini explained that about 99.5% of Ghacem employees are Ghanaian, and this goes a long way to benefit the country. Ghacem pays taxes to support the Ghanaian economy, and also reinvests some of her profits to various causes in Ghana.

Source: GhanaWeb August 05, 2021 14:26 UTC