The president of Ghana, Nana Addo Dankwa Akufo Addo says the establishment of the Kasapreko factory “is a concrete manifestation that the new paradigm of economic development of insisting on value-addition industrial activities within a conducive and business-friendly environment, can make headway.”

The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Monday, 28th September 2020, commissioned the Kasapreko Water, Juice and Soft Drinks Factory at Tanoso in the Kwadaso District of the Ashanti Region.

According to the president, the 1-District-1-Factory initiative, focuses on the promotion of commercially viable business ventures, through the establishment of an institutional framework that will attract private sector investments in rural economic activities.

“1D1F seeks to address the challenge of widespread poverty and underdevelopment among rural and periurban communities through the establishment of institutional framework that will attract private sector investment in rural economic activities.

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 “In response to this, Kasapreko Company Limited took the initiative with the support of government to build this new factory at Tanoso in the Kwadaso District of the Ashanti Region. The factory will produce water juices and soft drinks.

 He explained that the factory will produce water, juices, and soft drinks. Kasapreko, in addition to the twenty-five million United States dollars ($25 million) borrowed from Stanbic Bank for this project, also received waiver of duties on machinery and raw materials, as well as a 5-year tax holiday, which, together, will be worth twenty-eight million United States dollars ($28 million) from Government.

With a capacity to produce some 35,000 bottles per hour of juices and non-alcoholic soft drinks, and 15,000 bottles per hour of water, working at full capacity, the President noted that the factory will employ 300 people directly, and also generate some 3,000 indirect jobs through the supply chain.

President Akufo-Addo applauded the company for sourcing 90% of its packaging materials domestically, as bottles, caps and cartons are all produced in Ghana.

The Kasapreko Tanoso factory will be serving the Ashanti, Bono, Ahafo, Northern, Savannah, North East, Upper East and Upper West Regions, as well as export its products to our neighbouring countries such as Burkina Faso and Côte d'Ivoire.