Aliko Dangote, Nigerian businessman and billionaire is set to launch a massive $162 million sugar refinery in Ghana.
Reports suggest Dangote’s sugar refinery will be established in Kwame-Danso, Bono East Region to reduce Ghana’s sugar import and also boost local industry growth.
According to the information gathered, the sugar refinery will process 12,000 tons of sugarcane daily and will be boosted by a 25,000-hectare plantation which will also produce molasses and ethanol.
In a post by Dangote on LinkedIn, he wrote: “A new chapter is unfolding in Ghana! We’re thrilled to announce the launch of a major agro-industrial project in Kwame-Danso, Bono Region: Dangote Sugar Refinery.”
“With land secured and necessary permits obtained, we’re moving forward with the support of Ghana’s ‘One District, One Factory’ initiative. This project addresses Ghana’s annual $162 million sugar import bill, fostering a local, sustainable, and impactful solution.
“At Dangote, we envision more than just a factory. We see a catalyst for autonomy, employment, and continental transformation. Join us in shaping Africa’s future!” he noted.
The Dangote Group also described the project as a catalyst for self-sufficiency, employment, and continental transformation.
Sources close to the company confirmed that the site for the project had already been identified and agreements were in the pipeline.
Dangote Sugar Refinery Plc’s establishment in the Bono Region will boost rural development and commence sophisticated machinery in sugar processing.
Meanwhile, the expansion is part of Aliko Dangote’s objective to expand agriculture across Africa and will mark a strategic expansion into West Africa at the right time and is in line with the AfCFTA.
