Dangote reveals reasons for building sugar refinery in Ghana

• Chairman of the Dangote Group, Aliko Dangote, has disclosed plans to physique a monolithic sweetener refinery successful Ghana
• The caller task is expected to chopped Ghana’s sweetener import bill, estimated astatine $162 cardinal annually
• He said the task would diagnostic a regular sugarcane crushing capableness of 12,000 tons, irrigation infrastructure of 25,000 hectares of farmland

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

Nigerian billionaire Aliko Dangote has unveiled plans to physique a monolithic sweetener refinery successful Ghana. The task would curb the country's reliance connected sweetener imports and boost section agro-industrial capacity.

Dangote disclosed this successful a LinkedIn post, stating that the caller Dangote Sugar Refinery volition beryllium located successful Kwame-Danso, Bono Region, and volition go a cornerstone of the West African country’s concern transformation.

Dangote discloses reasons for siting sweetener refinery successful Ghana. Credit: Bloomberg/Contributor
Source: Getty Images

Dangote gives reasons for the caller refinery

The task falls nether Ghana’s One District, One Factory (1d1f) plan, which is expected to trim Ghana’s yearly sweetener import bill, estimated astatine $162 million.

The caller refinery volition diagnostic a regular sugarcane crushing capableness of 12,000 tons, irrigation infrastructure of 25,000 hectares of farmland and accumulation lines for sugar, molasses, and ethanol.

Dangote moves to trim sweetener import bills

The Nigerian billionaire disclosed that each indispensable permits person been secured and onshore acquisition processes finalised, paving the mode for afloat implementation.

According to him, with onshore secured and the indispensable approvals received, the conglomerate is moving guardant with the enactment of Ghana’s ambitious 1d1f initiative.

He stated that the task tackles the country’s $162 cardinal import measure portion fostering a sustainable and homegrown solution.

Apart from the refinery’s economical impact, Dangote revealed the larger interaction of the program connected Africa.

More jobs for Ghanaians

He disclosed that the institution envisions much than conscionable a factory, but a catalyst for economical independence, employment opportunities, and infrastructure interaction crossed Africa.

The caller refinery volition further cement Dangote Group’s footprint successful the portion and align with larger determination efforts to boost nutrient security, concern output, and occupation creation.

The refinery is expected to make jobs crossed farming, logistics, and manufacturing industries successful Ghana.

Dangote Sugar loses N192.6 billion

In the archetypal 4th of 2025, Dangote Sugar Plc reported a nonaccomplishment aft taxation of N192.6 cardinal for the twelvemonth ended December 31, 2025, a 161% summation from the N73.76 cardinal nonaccomplishment successful 2023.

The company’s audited results showed that its nonaccomplishment earlier taxation grew importantly to N270.89 cardinal past year, comparative to N108.92 cardinal the twelvemonth before.

Punch reports that contempt the 51% emergence successful gross to N665.95 cardinal from N441.45 cardinal successful 2023, the firm’s income outgo accrued by 78% to N634.58 cardinal from N355.15 billion, wiping retired profitability.

The improvement led to a diminution successful gross nett of 64% astatine N31.11 cardinal from N86.3 cardinal successful 2023.

Dangote Sugar Plc besides faced expanding concern costs, which roseate by 54% to N301.28 cardinal successful 2024 from N201.66 cardinal the erstwhile year.

Dangote is astatine easiness with the US tariffs connected Nigeria

Legit.ng earlier reported that Africa’s richest man, said connected Thursday, May 1, 2025, that he was okay with the effect President Donald Trump’s tariffs would person connected his urea exports to the US due to the fact that a large competitor, Alegria, had been slapped with a heavier tariff.

Legit.ng earlier reported that Trump imposed a 14% tariff connected imports from Nigeria, the largest lipid exporter successful Africa, arsenic portion of his planetary commercialized measures, which helium aboriginal paused for 90 days.

Dangote reportedly said during an concern league successful Lagos that his fertiliser plant, which commenced operations 3 years ago, shipped 37% of its 3 cardinal metric tonnes of urea accumulation to the US.

Aliko Dangote seeks to predominate Africa's sweetener industry. Credit: Bloomberg/Contributor
Source: Getty Images

The Nigerian billionaire said helium was initially acrophobic astir the effect of Trump’s levy connected Nigeria.

Dangote said.

“But erstwhile I checked who we are competing with, we are competing with Algeria. So luckily for us, Algeria were slapped with 30 per cent,” said Dangote. “So it makes america a spot comfortable.”

According to a Reuters report, Dangote said helium expected revenues from the Dangote Group to turn to implicit $30 cardinal adjacent year, from $25 cardinal forecasted for 2025.

Dangote refinery spouse stations little petrol prices again

Legit.ng earlier reported that filling stations selling Dangote petrol person lowered substance prices again aft the Nigerian National Petroleum Company Limited (NNPC) announced a caller price.

Legit.ng earlier reported that NNPC’s petrol prices were cheaper than Dangote's petrol aft the authorities lipid steadfast released its prices for assorted regions.

Findings amusement that MRS, which sold Dangote petrol for N900 per litre, reduced the terms by N20, selling astatine N880 arsenic of Thursday, May 1, 2025.

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Source: Legit.ng