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
Media reports claiming Cecilia Dapaah is cleared by FBI are false – OSP
The Office of the Special Prosecutor (OSP) has dismissed media reports suggesting that former Sanitation Minister, Cecilia Abena Dapaah, has been cleared of corruption by the Federal Bureau of Investigation (FBI).
In a statement, the OSP said its attention had been drawn to several misleading publications which claimed that the FBI “found no evidence of corruption” or that Mrs. Dapaah “had been cleared.”
The office stressed that these reports were false and a misrepresentation of its Half-Yearly Report.
According to the OSP, the report stated that no direct and immediate evidence of corruption had been found, a legal standard that is different from saying there was “no evidence” or that the former minister had been cleared.
The OSP explained that the case was earlier referred to the Economic and Organised Crime Office (EOCO) after investigations revealed strong signs of suspected money laundering and structuring, which fall under EOCO’s mandate.
However, the previous leadership of EOCO failed to act and returned the docket.
The new leadership has since requested and received the docket again.
The OSP urged the media to report with accuracy and remain faithful to official documents, stressing that responsible communication is necessary on matters of high national interest.
By: Jacob Aggrey
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
