Wednesday, February 28, 2024

Siemens to establish a plant in Ghana

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Fred Dzakpata
Fred Dzakpata
Fred Dzakpata is a Ghanaian journalist who specializes in business reporting in Africa.

German conglomerate company, Siemens AG, is to soon establish a plant in Ghana.

The decision by Europe’s largest manufacturing firm follows a similar decision by German Car maker Volkswagen.

Siemen’s decision, together with that taken by German car maker Volkswagen. Ghana’s President Nana Akufo-Addo says Ghana has the necessary environment for the private sector to flourish.

“We are not resting on our oars. We will continue to work hard to attract investments, domestic and foreign, into Ghana, so that we can unleash the sense of enterprise, creativity and innovation of the Ghanaian people, and help build a progressive, prosperous Ghana, whose citizens live in harmony and security,” he said.

President Akufo-Addo made this known on Tuesday, when he delivered his remarks at the G-20 Compact with Africa Conference, in Berlin, Germany.

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Additionally, at the Conference, HL Hamburger Leistungsfutter GmbH, a leading manufacturer and supplier of specialist feeds and compound feeds in Germany, signed an 8 million Euro agreement to invest in Ghanaian company, Agricare Ltd.

The investment from HL Hamburger into Agricare comprises full technology transfer in animal feed formulation and sales, and also help enable Agricare utilise more locally produced raw materials in the formulation of feeds.





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