President John Dramani Mahama has officially commissioned a state-of-the-art Steel Ball Mill and Section Mill Manufacturing Plant by B5 Plus Group, describing the investment as a bold step in Ghana’s industrial transformation and a significant boost to the 24-Hour Economy agenda.
The new facility substantially enhances Ghana’s capacity to produce structural steel sections, grinding media balls for the mining sector, pre-engineered building (PEB) systems, and a range of heavy industrial structures, including warehouses, tankers, trailers, and factory systems.
Speaking at the commissioning on Friday, February 20, President Mahama emphasized the importance of industrial self-reliance, noting that reducing steel imports by even 20 to 30 percent annually could save Ghana hundreds of millions of dollars. “If we reduce steel imports by even 20 to 30% annually, the foreign exchange savings alone could amount to hundreds of millions of dollars. This is what industrial sovereignty is about,” he said.
President Mahama further highlighted the strategic role of the plant in strengthening domestic steel production. “Steel consumption is a strong indicator of industrial development,” he said. “Across emerging economies, per capita steel consumption rises in tandem with infrastructural development, urbanisation, and industrial expansion.”
Meet the winners of the #CreationAfricaGhana Incubation Program! 🥁🤩
To complement their funding, the top 15 will be enrolled in a mentorship program, providing a unique opportunity to receive personalized insights and advice to scale up their ventures! 🎉
@ImpactHubAccra
Industrialisation through SEZs, SMEs' access to funding and capacity building are key to Africa's development. Two days to deliberate on solutions (#ChooseAfrica, @Proparco) to tackle their challenges and take advantage of AfCFTA's market. @JaAniambossou@Fr_Lombard@CottetChris
It's here! Join NOW: #EBID's Roundtable on "Greening West Africa". Dr. Donkor & panellists address #ECOWAS climate challenges, guided by Mrs. Odelia Ntiamoah.
🗓️ TODAY | ⏰ 10:00 GMT
📺 Metro TV, DSTV 277 & #EBID's social media handles.
#ClimateAction#GreenInitiative
In #Ghana 🇬🇭, Agritech startup @CompleteFarmer connects African farmers and global industry to competitive markets, resources, data.
🚀Alongside other investors, Proparco is proud to partner with such pioneering Ghanaian #entrepreneurs!
More➡️ https://t.co/ZKqKJ9rOlH
Youth entrepreneurship is critical to economic development.@Proparco and key partners have invested in the Ghanaian start-up @CompleteFarmer. Thanks to H.E. Jules-Armand @JaAniambossou, Ambassador of France to Ghana, represented by Mr Julien Lucas at the announcement @Fr_Lombard
H. E. Michael Roux, Ambassador of France to Liberia and EU Delegation @lpjd75 visited @BRACworld's clients in Liberia (Bong County) on the 7th of June.Proparco, through its financial clients, improves smallholder farmers' lives, in line with FARM initiative @CYoka_AFD@Fr_Lombard
Congratulation to the key stakeholders of BETAF's conference held on 4th April in Accra @AF_Accra. Entrepreneurial education & training is essential to build the next generation of innovative companies, in line with #ChooseAfrica@FranceandGhana@AFD_France@Proparco @AIMS_Next
The Ambassador of France to Ghana @JaAniambossou and the entire team of the French Embassy and the network of French actors in Ghana, wish all Ghanaians and the French community in Ghana a very happy 2023. ✨️🇫🇷🇬🇭
@francediplo_EN
The appointed 🇨🇵 Ambassador to 🇬🇭 @JaAniambossou visited the @AFD_en Accra office to meet the team, know more about their respective roles, the challenges they face and their projects, built with local actors and which aim to meet local and global interests. 🤝
🔴 Initial commitment : €2.5 bn for African start-ups and SMEs between 2018 and 2022.
🟡 Resilience component : €1bn added to support the recovery
🟢Enhanced initiative - €3.5bn for African start-ups and SMEs. @annesophieave@AF_ALULA@FranceandGhana@RYofiGrant
Through the #ChooseAfrica initiative launched in 2019, Agence Française de Développement Group @AFD_en and its private sector financing arm @Proparco is mobilizing all its tools to finance start-ups, microenterprises and #SMEs in #Africa. Here's a breakdown of the funding👇🏾