Finatrade Inaugurates Distell Plant

Haruna Iddrisu, Nii Adjie Krakra I and Nii Laryea Afptey-Agbo cutting sod for the opening of the Greenfield Production in Ghana while some dignitaries looks on.

Finatrade SA Ghana Limited, in partnership with the Distell Group Ltd, has inaugurated a Greenfield Production Plant in Tema as part of its commitment to improve Ghana’s economy.

The new plant will produce Distell’s international brands like Hunters and Savanah, as well as Knight’s Whisky and the Royal Reserve range of spirits for distribution in Ghana and beyond.

Haruna Iddrisu, Minister of Trade, who inaugurated the project, commended the community’s spirit of partnership that led to the growth of the Greenfield investment, which will provide employment for many people.

He gave the assurance that government would support the project to become a model across the country.

The minister urged industries not to be deterred by the short-term challenges that the country was currently facing, adding, ‘Indeed, Ghana remains a place to do business.’

He asked the Customs Division to prevent any form of smuggling and counterfeiting in the country.

Mr. Haruna disclosed that government was committed to promoting local businesses by offering tax incentives to industries, which would be able to use local agriculture products.

Richard Rushton, Chief Executive Officer (CEO) of the Distell Group Ltd, explained that the bottling plant, which will provide more than hundred direct and indirect employment opportunities, will use in-market expertise to ensure competitive prices.

He was optimistic the partnership agreement with the government will yield better results and pave the way for regional expansion.

‘Distell is combining its proven production and marketing expertise with the local marketing sales and distribution knowledge of Finatrade to bring top quality products at competitive prices to Ghana,’ said Richard Rushton, Distell Group CEO.

For his part, Nabil Moukarzel, Executive Chairman of the Finatrade SA Ghana, called on government to create tariff offset programme for progressive businesses that support and sources from local producers.

‘Given the competitive dynamics of the market, any policy framework should also create a penalty system for non-complaint importers,’ he added.

The Chairman of Finatrade expressed worry about the influx of smuggled goods on the Ghanaian market.

He appealed to the appropriate state agencies to help address the problems to improve businesses and country’s economy in general.

He said his outfit would work with government to create incentive schemes that would encourage more investments in the manufacturing sector.

From Vincent Kubi, Tema

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