News
1D1F: New Kasapreko factory starts production in Ashanti Region
The National Coordinator of the One-District, One-Factory (1D1F) programme, Mrs Gifty Ohene-Konadu, has inspected progress of work on a new factory being set up by beverage giant, Kasapreko, in the Ashanti Regional town of Tanoso (Atwima Nwabiagya District).
Set up on a 10,000 metre square property, the yet-to-be-commissioned structure, which is almost completed and has already commenced production of a number of Kasapreko brands, will augment operations at the current Tanoso manufacturing complex, producing an estimated 85,000 bottles of various products by the company.
The new Tanoso complex is part of government’s flagship One-District, One-Factory initiative, which assisted the beverage company to access a $20 million Eximbank loan for the construction of the project, which is expected to create 3,000 direct and indirect jobs for the youth, particularly inhabitants of the area.
Completion of the multi-purpose facility, which was commenced in January, comes a full month ahead of schedule.
Following her tour of the multi-million-dollar facility, Mrs Ohene-Konadu said she was impressed by the progress of work on the project.
She was particularly pleasantly surprised when it was communicated to her that production of some of the company’s best-known items had already started.
Kasapreko CEO, Mr Richrad Adjei, on his part, expressed gratitude to the government for the 1D1F initiative leading to the expansion of the company’s operations.
Set up three decades ago at Nungua in Accra, Kasapreko is, today, the largest producer of carbonated soft drinks and alcohol in the country, and boasts of the most diverse product range for variant consumer preferences
BY TIMES REPORTER
News
Government Pays GH¢9.7 Billion Coupon Under the Domestic Debt Exchange Programme (DDEP)
The Government of Ghana has paid GH¢9.7 billion as part of its debt obligations under the Domestic Debt Exchange Programme (DDEP).
The Minister of Finance, Dr. Cassiel Ato Forson said the payment amounted to GH¢9,698,815,220.17.
This brings the total payments made under the programme this year alone to GH¢19.4 billion.
According to the minister in a facebook post, the payment shows government’s commitment to honouring agreements made under the DDEP and is expected to boost investor confidence in the economy.
He stated that government has also created two sinking fund accounts one in cedis and another in US dollars to help manage future debt payments.
These funds, introduced he said is in line with the 2025 Mid-Year Fiscal Policy Review and backed by the Public Financial Management Act, meant to ensure that upcoming loan obligations due between 2026 and 2028 are paid on time.
The Finance Minister assured investors and the public that all future debt commitments, including those under the DDEP, will be fully honoured without delays.
By: Jacob Aggrey
News
President Mahama appoints Biadela Mortey Akpadzi chairman of the Ghana Gold Board Tribunal
President John Dramani Mahama has appointed Mr. Biadela Mortey Akpadzi as chairman of the newly inaugurated Ghana Gold Board Tribunal.
The appointment is in line with Section 55 of the Ghana Gold Board Act, which provides for the establishment of the Tribunal to strengthen governance and accountability in the gold sector.
The Finance Minister, Dr. Cassiel Ato Forson on Tuesday inaugurated the Tribunal, which also includes Ms. Hamidu Mariam and Mr. Justin Pwavra Teriwajah as members.
The finance minister congratulated the appointees and assured them that government would soon appoint a Registrar and provide staff to support the effective functioning of the Tribunal.
The Tribunal will consider appeals on decisions made by the Gold Board, particularly matters relating to licensing and rulings of the Dispute Resolution Committee.
By: Jacob Aggrey
