President John Dramani Mahama has officially commissioned a state-of-the-art Steel Ball Mill and Section Mill Manufacturing Plant by B5 Plus Group, describing the investment as a bold step in Ghana’s industrial transformation and a significant boost to the 24-Hour Economy agenda.
The new facility substantially enhances Ghana’s capacity to produce structural steel sections, grinding media balls for the mining sector, pre-engineered building (PEB) systems, and a range of heavy industrial structures, including warehouses, tankers, trailers, and factory systems.
Speaking at the commissioning on Friday, February 20, President Mahama emphasized the importance of industrial self-reliance, noting that reducing steel imports by even 20 to 30 percent annually could save Ghana hundreds of millions of dollars.
“If we reduce steel imports by even 20 to 30% annually, the foreign exchange savings alone could amount to hundreds of millions of dollars. This is what industrial sovereignty is about,” he said.
President Mahama further highlighted the strategic role of the plant in strengthening domestic steel production.
“Steel consumption is a strong indicator of industrial development,” he said.
“Across emerging economies, per capita steel consumption rises in tandem with infrastructural development, urbanisation, and industrial expansion.”