General News of Monday, 2 March 2015
President John Dramani Mahama has assured the business community that the current situation of power outages is a temporary one which will be resolved shortly.
He said steps are being initiated in collaboration with the World Bank and the United States government, to devise and execute energy sector reforms that will ensure that the unfortunate situation never arise again.
President Mahama gave the assurance in a speech read on his behalf by the Minister of Trade and Industry, Dr. Ekow Spio-Garbrah at the inauguration of the Accra Brewery Limited’s Multi-Million dollar brewery expansion project in Accra.
He said while the generality of Ghana’s private sector has kept faith with the government during these trying times, some international enterprises have cynically declared Ghana’s business environment to be unfriendly and are threatening to relocate.
Accra Brewery Limited, ABL, one of the major beverage manufacturing firms and a subsidiary of SABMiller Plc in Ghana has expanded its operations to ramp up ABL’s production capabilities to meet the need of the consuming public.
It will also drive growth and stimulate increased utilisation of key local raw materials including maize, cassava, rice and sorghum.
President Mahama said ABL’s investment of almost one hundred million US dollars in the ultra-modern production facility will enable the Company to double its production capacity and this has come at a time when the Country is afflicted with severe power shortages crippling the business environment.
He commended ABL’s parent company, SABMiller for the vote of confidence it has passed in Ghana as a globally competitive investment destination through its huge new investment in ABL.
He reiterated the government’s support for all enterprises who seek to use the Country’s raw materials in their businesses.
The Managing Director of the ABL, Anthony Grendon said the complete phase has created almost one hundred jobs, mostly highly trained and skilled technical personnel who will complement the existing permanent workforce of 503. He assured the government that the number will increase when the second phase of the project is complete.
Under the first phase of the project is a two state-of-the-art packaging lines, expansive warehouse with hard stand and loading bay; materials storage area and two additional power generators.
The rest are ten new beer storage vessels and two additional water storage tanks with walk side on the location road.