Business News of Sunday, 23 June 2002

Source:  

5.7bn Cedi Cassava Plant Established

A 5.7 billion-cedi cassava processing plant has been established at Tano-Dumase in the Ashanti Region to produce starch for export.

The plant, that has the capacity to produce 50 bags of gari a day and five tonnes of starch a day, would employ more than 2,000 people including farmers, factory workers and staff.

The Managing Director of Tano-Dumase Cassava Processing Company, Mr Edward Forkuo Kyei announced this at a durbar of chiefs and people of Tano-Dumase.

He said the company had already acquired a large tract of land both within and outside the district to cultivate cassava to feed the plant while a marketing survey had also yielded positive results for the company's products outside the country.

Mr Kyei, a citizen of the town, said the government alone could not provide jobs for the ever-increasing number of unemployed youth in the country hence his company's effort at creating jobs for the people in the area.

Mr S.K. Boafo, Ashanti Regional Minister, who inspected the plant, commended the company for the initiative and said the government would create a conducive atmosphere for private entrepreneurs to operate peacefully to create jobs for the people.