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SUBSIDIARY NAME

Kwahu Ceramics Limited

COUNTRY

GHANA

SECTOR/ INDUSTRY

MANUFACTURING

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

June 10, 2022

ACQUISITION VALUATION

115 MILLION

TOTAL ASSET VALUATION

1.15 BILLION

INFRASRTUCTURE/MANFACTURING

Kwahu Ceramics Limited by Ebo Amissah and Alexander Osei acquired on June 10, 2022 to Purchase of machinery and factory structure .Ghana is endowed with many raw materials. Chief among them is facial slice, which is clay. This readily available all over the country. Volta, Western, Ashanti and Eastern have large quantities of white clay deposits, and these clay deposits occupy more than 1.0 million cubic yards of the land according to the Geological Survey Department (GSD) of Ghana. This project is for the proposed construction of a multi-purpose ceramic manufacturing company in Kwahu East District Kwahu – Pepease the Eastern Region of Ghana.

Ghana’s total import of ceramic products in the year 2019 was approximately $600,000,000.00. This figure constituted mainly of ceramic tiles, sanitary and kitchenwares. These three products are only a part of the vast array of products made from ceramic. The Project will manufacture ceramic Tiles, Ceramic Sanitary ware items and ceramic Kitchen ware items. It will be the first Company in West Africa to Produce Ceramic Sanitary ware items, Kitchen wareitems, and the Second Company to Produce Tiles.

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