{"id":253310,"date":"2024-11-20T12:12:53","date_gmt":"2024-11-20T12:12:53","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/20\/delays-in-reviving-aboso-glass-factory-linked-to-covid-19\/"},"modified":"2024-11-20T12:12:53","modified_gmt":"2024-11-20T12:12:53","slug":"delays-in-reviving-aboso-glass-factory-linked-to-covid-19","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/20\/delays-in-reviving-aboso-glass-factory-linked-to-covid-19\/","title":{"rendered":"Delays in reviving Aboso Glass Factory linked to COVID-19"},"content":{"rendered":"<p><\/p>\n<div>\n<p>GIHOC Distilleries has attributed delays in reviving the Aboso Glass Factory to disruptions caused by the COVID-19 pandemic, which impacted key contractual agreements.<\/p>\n<p>Despite the setbacks, the company remains optimistic about commencing operations by 2025.<\/p>\n<p>Speaking to Citi Business News, the Managing Director of GIHOC Distilleries, Kofi Jumah, disclosed that negotiations with investors are over 80% complete. He added that the talks, when finalized, will unlock more than $100 million in funding to bring the glass factory back to life.<\/p>\n<p>\u201cWe went very far. We could have started production probably about two years ago. During the Covid period, the companies that we were dealing with mostly in Italy, they pulled out during the Covid,\u201d he said.<\/p>\n<p>He added that: \u201cRight after Covid, we had to start renegotiating and that delayed the process. The last time I talked to our consultant we are almost 80 or 90 percent through with all the paperwork for us to be able to start production so we are preparing the grounds to move in there.\u201d<\/p>\n<p>Kofi Jumah further clarified that: \u201cgiven the charged political atmosphere my guess is it is going to be after the elections because everyone is afraid to commit one Hundred million dollars at this time\u201d.<\/p>\n<p>He further encouraged consumers to support locally manufactured products to help ease the pressure on the local currency caused by imports<\/p>\n<p>\u201cGhanaians should be made to use Ghanaian products; that should be our mind set. National pride should force us to use products that we make here but anytime that we buy something made outside you are giving jobs to people outside,\u201d he argued.<\/p>\n<p>He added that: \u201cAnd what is even worse is for a country that is struggling for foreign exchange, you use your foreign exchange to buy stuff that you don\u2019t need to include water.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>GIHOC Distilleries has attributed delays in reviving the Aboso Glass Factory to disruptions caused by the COVID-19 pandemic, which impacted key contractual agreements. Despite the setbacks, the company remains optimistic about commencing operations by 2025. Speaking to Citi Business News, the Managing Director of GIHOC Distilleries, Kofi Jumah, disclosed that negotiations with investors are over [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":253311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-253310","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Delays in reviving Aboso Glass Factory linked to COVID-19 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/11\/20\/delays-in-reviving-aboso-glass-factory-linked-to-covid-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Delays in reviving Aboso Glass Factory linked to COVID-19 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"GIHOC Distilleries has attributed delays in reviving the Aboso Glass Factory to disruptions caused by the COVID-19 pandemic, which impacted key contractual agreements. Despite the setbacks, the company remains optimistic about commencing operations by 2025. Speaking to Citi Business News, the Managing Director of GIHOC Distilleries, Kofi Jumah, disclosed that negotiations with investors are over [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/11\/20\/delays-in-reviving-aboso-glass-factory-linked-to-covid-19\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-20T12:12:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/11\/Managing-Director-of-GIHOC-Distilleries-Company-Limited-Kofi-Jumah-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"474\" \/>\n\t<meta property=\"og:image:height\" content=\"267\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/20\\\/delays-in-reviving-aboso-glass-factory-linked-to-covid-19\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/20\\\/delays-in-reviving-aboso-glass-factory-linked-to-covid-19\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Delays in reviving Aboso Glass Factory linked to COVID-19\",\"datePublished\":\"2024-11-20T12:12:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/20\\\/delays-in-reviving-aboso-glass-factory-linked-to-covid-19\\\/\"},\"wordCount\":306,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/20\\\/delays-in-reviving-aboso-glass-factory-linked-to-covid-19\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/Managing-Director-of-GIHOC-Distilleries-Company-Limited-Kofi-Jumah-1.jpeg\",\"articleSection\":[\"Top News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/20\\\/delays-in-reviving-aboso-glass-factory-linked-to-covid-19\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/20\\\/delays-in-reviving-aboso-glass-factory-linked-to-covid-19\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/20\\\/delays-in-reviving-aboso-glass-factory-linked-to-covid-19\\\/\",\"name\":\"Delays in reviving Aboso Glass Factory linked to COVID-19 - 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