Ghacem

About

Ghacem was founded by the Government of Ghana in collaboration with Norcem AS of Norway, on August 30, 1967. The establishment of Ghacem Limited marked a major turning point in Ghana’s development.  Ghacem's main business activity is the production of cement. Ghacem has since inception produced more than 30 million tons of cement, and it wants to continue to be Ghana’s biggest cement manufacturer and supply the market with good quality cement at a reasonable price. In 1993, the Ghana Government sold 35 % of its shares to Scancem (formerly Norcem). Scancem as a result had 59.5 %, leaving the Ghanaian government with 40 % and 0.5 % going to a local investor. In 1997, the Ghana Government sold 5% of its 40 % shareholding to the workers of the company. The remaining 35 % shares of the Ghana Government was sold to Scancem in 1999 and at present Scancem has 93.1 % shares in the company, workers have 5 % shares with 1.9 % owned by a local investor. In 1999,  HeidelbergCement took over Scancem, thus making it a subsidiary. Distribution and Sales Outlets To enhance the distribution of cement throughout the country, distribution depots and sales offices have been established. To know more about Ghacem's depots and sales outlets, click here.

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