• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Economy 201902

1D1F Factory Takes Shape In Tano North

27-Feb-2019
/ Economy, Business
Email
Print
Comments 0
Carl Lokko explains a point to Mrs Gifty Ohene Konadu
(0)
Comments
Share on Facebook Share on Twitter
 

A factory under construction in the Tano North District to produce bricks for housing and related projects will soon be completed.

The factory, which is under the government’s flagship project, One-District-One-Factory (1D1F), is about 85% complete, with the remaining 15% expected to be completed in two weeks’ time.

Owners of the brick factory, Rhovanni Royal Limited, led the National Coordinator of the 1D1F project, Gifty Ohene-Konadu, on a tour of the facility recently for her to know the level of progress of the brick factory.

It’s expected to commence operations in the second quarter of this year.

“I can confidently tell you that we have completed about 85% of the project. The only thing left is the roofing works which have been awarded to Metallex. All the machines and equipment needed to operate have also been procured and will soon take delivery of them,” said Carl Christian Lokko, Chief Executive Officer (CEO) of Rhovanni Royal Limited.

Tanoso is known for its abundant clay, a raw material that the company is banking its hopes on to produce bricks for the housing and construction industry.

The company has so far acquired 37.79 acres of land which it will depend on for the supply of the raw material to feed the factory.

It’s also in the process of acquiring a further 80 acres of land to augment what it has already acquired.

Mr. Lokko believes that the acquisition of land will sustain the company to be in business for more than 30 years.

“Clay, which is the raw material we are going to depend on, is in abundance in Tanoso. The 37.79 acres of land we have acquired can keep us in operation for more than 30 years and we’re still in the process of acquiring a further 80 acres of land. So it tells you how prepared we are to run and sustain this business,” he averred.

The factory, he added, will produce 125 tons of bricks a day when operating at full capacity.

However, Mr. Lokko said the company will first operate only one line when it commences production and gradually roll out the remaining three in some few months’ time.

The company is expected to generate direct and indirect employment to 1,800 people.

Will Aparloo Ofori, CEO of Techiman Processing Complex Limited (TEPCO), told Mrs. Ohene-Konadu how grateful they were to the government for reviving the puree processing factory which has been abandoned for over five years now.

According to him, the company would process about four or five tons of raw materials.

Source: Daily Guide

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Petroleum Downstream Players Must Be Each Others’ Keeper - Minister

Next Post

BoG Measures To Save Cedi Ill-Intentioned, Desperate And Meant To Victimize FX Dealers - Minority

 
 

More Stories

US Vice President Singles Out Bawumia’s Medical Drone Delivery Service For Praise
China Pledges Support To Ghana's Debt Treatment
Finance Ministry Positive Over Ghana’s Debt Restructuring In China
FWSC To Clear ‘Ghost Names’ On Public Payroll
Govt Bonds Fall By 21.09%
This Week Is Crucial For $3bn IMF Bailout
Consumer Inflation Eases Further To 52.8% In February
Fuel Prices To Drop Between 3% and 10% From March 16
Ofori-Atta Approves New Rates For Road Toll Reintroduction
Next Post

BoG Measures To Save Cedi Ill-Intentioned, Desperate And Meant To Victimize FX Dealers - Minority

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Economy Stories

  • US Vice President Singles Out Bawumia’s Medical Drone Delivery Service For Praise

  • China Pledges Support To Ghana's Debt Treatment

  • Finance Ministry Positive Over Ghana’s Debt Restructuring In China

  • FWSC To Clear ‘Ghost Names’ On Public Payroll

  • Govt Bonds Fall By 21.09%

  • This Week Is Crucial For $3bn IMF Bailout

  • Consumer Inflation Eases Further To 52.8% In February

  • Fuel Prices To Drop Between 3% and 10% From March 16

  • Ofori-Atta Approves New Rates For Road Toll Reintroduction

  • Policy To Reduce Over US$10bn Imports Ready

 

 
 

Popular Videos

The President Would Have Appointed His Wife As The EC Chair If He Had The Chance- Fuseini Donkor

Peace Power Sports (27/3/2023)

Just 4 Laughs With Dan Kweku Yeboah & Kwami Sefa Kayi: Michael Jackson

Akan News @ 6am On Peace 104.3 FM(26/3/2023)

Akan News @ Midday On Peace 104.3 FM (25/03/2023)

HELLO POWER SPORTS (25/03/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media