Gov’t to assist Kasapreko for $20m Eximbank loan

Government under its flagship programme, One-district One-factory, is assisting Kasapreko Company Limited to access a $20 million Eximbank loan.

The loan is to enable the indigenous  Ghanaian company to build a subsidiary state-of-the-art factory for the northern sector of the country and for export.

The construction of the multipurpose factory, which begins almost immediately after the loan is secured and expected to be completed by June this year, is to create about 3,000 direct and indirect jobs for the youth in Tanoso in the Atwima Nwabiagya District of the Ashanti Region.

 

Per the timetable, installation of equipment and production begins in August this year.

The National Coordinator for 1D1F, Gifty Ohene-Konadu, led a team of technical experts from the Ministry of Trade and Industry to tour the 10,000-metre square layout and to look at the prototype drawings and make suggestions.

The factory which is to complement an already existing structure at the Tanoso site is expected to produce about  85,000 bottles of all brands including the famous Awake Purified Bottle Water, Royal Drinks, 10/10 drinks, Superstar and Fancy Drink a day.

Mrs Ohene-Konadu said  Kasapreko was getting the support because its proposal was consistent with government's intention to support local industries and create jobs.

 

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