Akufo-Addo commissions $80m B5 Plus steel plant in Prampram

President Nana Akufo-Addo has commissioned an $80 million steel manufacturing company under the government’s One District One Factory (1D1F) initiative.

The steel factory is part of the manufacturing plants of B5 Plus Limited, one of the largest steel manufacturers in West Africa.

With its headquarters at Tema, the firm has expanded with the new plant located in Prampram.

It is the first phase of the plant with President Akufo-Addo describing the commissioning as a “concrete manifestation that the new paradigm of economic development, which this administration has been vigorously pursuing since 2017, of insisting on value-addition industrial activities within a conducive and business-friendly environment, is making headway”.

B5 Plus Limited was founded in 2002 by its CEO Mukesh V. Thakwani.

Mr Thakwani’s main vision is to make B5 Plus Ltd the world’s most renowned company for manufacturing and trading in iron and steel products.

From a very humble beginning, B5 Plus Ltd has grown by leaps and bounds and become one of the premier steel industries in the West African region.

Currently, B5 Plus Ltd with several subsidiaries including DPS International has a staff strength of over 1,200.

As an avid and astute businessman, Mr Mukesh V. Thakwani has a rich experience of 25 years in the steel industry in the African business landscape.

He is the proud recipient of the European Award for Quality and Excellent Services award, 2013, and was recently crowned the West African Personality of the Year 2015 by the Business Executive Magazine, a leading international magazine in West Africa.

His personal journey has taken him from India to West African countries like Liberia, Togo, and Benin since 1988, before settling down in Ghana to highly successful, and multiples award-winning entrepreneur.