President Akufo-Addo has called on private sector players in the country to expand their investments in the country, noting that it is the surest way to grow the economy and to create the much-needed jobs urgently needed by the youth of the nation.

Speaking at the official inauguration of the tomato tin factory of GB Foods Ghana at Tema today Tuesday 14 March 2023, President Akufo-Addo said his government and the political tradition he belongs to (the Danquah, Dumbo, Busia tradition) are natural supporters of the private sector and he is determined to continue all efforts aimed at creating an enabling environment for private busines to thrive.

“The government I lead is a natural cheerleader for the private sector and it is my sincere wish that GB Foods and indeed, the Ghanaian private sector will continue to invest further in Ghana.

President Akufo-Addo (3rd from left) being assisted by Samuel Abu Jinapor (left), Caretaker Minister of Trade and Industry to cut the tape to commission the GB Foods factory at Kpone Tema
“Cascading investments in our economy is the most effective way to expand and strengthen it to create the many jobs our young people so urgently want. It will happen soon” President Akufo-Addo said.

Expansion of capacity

Touching on the new GB Foods factory he commissioned, President Akufo-Addo noted that the expansion of the facility “will not only increase the manufacturing capacity of the company but will also lead to the creation of more Jobs for the people of the locality and indeed, of Ghana”.

Some of the tomato paste being packed for sale at GB Foods.
“I am excited by the company’s decision not only to source domestically, its raw material base but also to venture into the establishment of industrial farmlands for the processing of tomato concentrate

“It is my hope and expectation that many more companies will commit to such a development,” President Akufo-Addo said in his address.

“I assure the shareholders, management, and staff of GB Foods and the people of Ghana that my government will continue to work to create a stable economic framework and positive outlook for businesses.

Some of the tomato pastes at the factory
“We are determined to provide stability to our economy to serve as the foundation for its sustainable and rapid growth.

“The goal of my government remains constant, we aim to unlock the full potential of the private sector and the Ghanaian sense of enterprise to create jobs and prosperity for all Ghanaians and to position Ghana as the preferred investment destination” the President added.

GB Foods

GB Foods history begins with the Gallina Blanca brand, founded in Barcelona in 1937. But it was only the beginning of a long and exciting journey.

Today, with a turnover of around €1,3 Billion and a staff of around 3,600 employees, GBfoods is present in more than 50 countries in Europe and Africa.

A long stretch of the GB Food factory at Kpone
They include Spain, Italy, Germany, France, Belgium, the Netherlands, Sweden, Finland, Nigeria, Ghana, Algeria, and Senegal, among others.

GB Foods has historical brands in each one of the countries it operates in such as Jumbo, Gallina Blanca, Erasco, Gino, Liebig, Star, D&L, Grand’Italia, and Blå Band, among others.

Some of these dearly beloved brands have been in consumers’ kitchens for more than 150 years, to the point where they are now an integral part of the local culture.


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