Dangote Withdrawing Sugar From Ghana

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Dangote sugar refinery, Nigeria?s biggest producer of the sweetener has told Citi Business News, the current requirements in Ghana regarding the production of sugar are hindering them from entering the market.

Dangote Sugar plans to increase its capacity to enter more African countries beginning with Mali, Gambia, Burkina Faso and Togo this year and Liberia, Senegal and Mauritania next year.

The company?s Vice President, Sani Dangote stated that it will not be making a stop in Ghana saying, ?we have two major problems in Nigeria you cannot produce without fortifying with vitamin A in Ghana you do not need to fortify that?s number one and that?s very expensive. You fortify sugar with vitamin A for the eye and in Ghana this is not compulsory.?

He continued saying, ?we have 45 units as the highest in Nigeria and in Ghana you have 150 units? what?s known as brown sugar so to come to Ghana is very difficult because you can?t produce sugar in Nigeria without fortifying it but we have some Ghanaian businesses importing from us in Nigeria.?

Ghana over the last few years has spent over GHC 500 million on sugar imports with demand rising by over 5 percent yearly.

Despite moves by the Ghana Investment Promotion Centre (GIPC) to lure prospective investors into the sector by offering tax holiday, low corporate tax and 100 percent profit reparation for prospective investors in the sector among others not many investors have come in. citifmonline

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