A subsidiary of Dangote Group, GreenView International Company Ltd, said it has invested over $28million (about N420 million) in a cement packaging plant in Ghana.
The Managing Director of the company, Mr Kwame Siriboe, who disclosed this in Lagos, said the plant has the capacity to produce one million tonnes of cement annually.
He said the investment was part of Dangote Group's efforts to make cement affordable in West Africa.
The company's boss noted that Ghana's consumption rate was about four million tonnes annually, adding that Dangote's investment in Ghana was to help two other companies which produces 1.6 million tonnes of cement annually.
Siriboe said that the firm's portland cement had been in high demand since inception, adding that the company's interest was to establish a cement manufacturing mill in Ghana.
According to him, the group will establish a cement manufacturing mill once it secures a good site of limestone for its operations.
"The group has started the construction of another packaging plant in Takorde in the northern part of Ghana to remain competitive and to ensure that its customers have adequate access to the product.
"The aim is to up the company's production level to two million tonnes in Ghana
"If limestone with about 35 years life expectancy is found today, it will take the group about 18 months to start manufacturing cement in Ghana ," he said.