A1 Bakery to be sold to Chinese company for $5 million

A1 Bakery to be sold to Chinese company for $5 million

Popular bread company in Ghana, A1 Bakery, is reportedly set to be sold off to a Chinese enterprise.

The Chinese firm is reportedly offering a whopping $5 million to take over the indigenous bread making company.

According to multiple reports, the management of the bakery will conclude negotiations with the Chinese firm in the coming weeks.

The A1 bread appeared on the market over a year ago and has so far become one of the most purchased items in Accra and Kumasi.

Started by Godfred Obeng Boateng and his partner Edward Nana Poku (Hammer), A1 Bakery has expanded since its establishment.

A1 Bakery to be sold to Chinese company for $5 million airnewsonline
A1 Bakery to be sold to Chinese company for $5 million

The company is estimated to offer employment to about six hundred young people in his various branches.

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Meanwhile, the management of the indigenous bakery has refused to confirm or deny the reported $5 million takeover by a Chinse firm.

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