The Group has a 2.0 MTPA capacity, comprising 1.5 MTPA cement import, bagging and distribution facility in Tema and 0.45 MTPA grinding plant in Takoradi. The Group’s Ghana operations was consolidated into the Group in 2012, having previously operated as a separate entity.
With per-capita consumption of about 210kg/person and total demand of more than seven million tonnes in 2025, Ghana is an attractive market for cement in West Africa. Ghana has a relatively strong cement market driven by housing and infrastructure growth across the country. However, because it lacks sufficient native limestone reserves to support meaningful levels of cement production, Ghana is an importer of cement or clinker and relies on imports of clinker and bulk cement to meet its domestic needs under a highly regulated import regime. At present the Group import bulk cement but plan to build a grinding plant at Takoradi, with clinker being supplied from its Nigerian operations.
Historically, the Group imported bulk cement for its Tema facility supplied from its Nigerian operations. From August 2016, the government of Ghana’s law restricting the importation of Portland cement, the most common type of cement, into Ghana and requiring that importers be licensed went into effect. As a result, the Group constructed a clinker grinding facility of up to 0.5 MTPA capacity in Takoradi to enable the import of its clinker from Nigeria, to manufacture cement within Ghana. The Takoradi facility was commissioned in June 2023. Clinker imported into Ghana from the Group’s Nigerian plants were initially delivered by road but currently delivered by sea, which has reduced transportation costs substantially.
The Tema facility has good road links, being part of a major port complex, and the Ghanaian road network is relatively well developed and maintained. The Tema facility is used to handle and distribute cement imported from Europe, the Far East Asia and the Group’s Ibese factory in Nigeria. [The Group’s exports from Ibese in Nigeria to Ghana are generally customs duty-free as both countries are ECOWAS member states, whereas imports from non-ECOWAS countries are subject to tariffs. This provides the Group with a competitive pricing advantage with respect to the cement imported from its Ibese plant in Nigeria. In addition, the Group receive certain exporter status tax benefits in Nigeria because of these export sales.
