Dangote Acquires Permits, Land for Sugar Refinery in Ghana

The sugar milling project is to be sited in Kwame-Danso, Bono Region under the West African nation’s ambitious One District, One Factory (1D1F) initiative.

All the required permits as well as land for the massive project have been secured and the next step should be the commencement of the factory, according to Mr Dangote in a post on a LinkedIn.

Business Post reports that the Dangote Sugar Refinery Ghana will have the capacity to crush 12,000 tonnes of sugarcane daily, and an irrigation infrastructure spanning 25,000 hectares of farmland, with production lines for sugar, molasses, and ethanol.

“We’re thrilled to announce the launch of a major agro-industrial project in Kwame-Danso, Bono Region: Dangote Sugar Refinery,” the Nigerian businessman said, describing the venture as “a new chapter” in Ghana’s economic journey.

“With land secured and necessary permits obtained, we’re moving forward with the support of Ghana’s ‘One District, One Factory’ initiative.

“This project tackles Ghana’s $162 million sugar import bill while fostering a sustainable, homegrown solution.

“At Dangote, we envision more than just a factory. We see a catalyst for economic independence, job creation, and transformative impact across Africa. Join us in shaping the continent’s future,” he stated.

When completed, the project is expected to boost the revenue of Dangote Sugar Refinery Plc, an entity listed on the Nigerian Exchange (NGX) Limited.

Recall that in the 2024 financial year, the sugar refiner grew its turnover by 51 per cent to N665.6 billion from N441.5 billion a year earlier, with the earnings per share (EPS) rising to N15.80 from N6.00 in 2023.

Mr Dangote has consistently assured the company would build a sustainable business, target the production of 1.5 million metric tonnes of refined sugar annually and at the same time generate over 75,000 employment opportunities in its value chain.

Also, the chief executive of Dangote Sugar, Ravindra Singh Singhvi, reiterated the company’s goal of achieving self-sufficiency in sugar production for Nigeria, with a target of producing 700,000 tonnes of sugar locally within the next five years.