We are now looking for investors for Komenda Sugar factory – Akufo-Addo

We are now looking for investors for Komenda Sugar factory – Akufo-Addo

- President Akufo-Addo has said the government is incapable of starting the Komenda Sugar Factory on its own

- He said they are looking for investors to start the running of the factory

- The factory, at its full capacity, can, in a year, produce 97% of the nation’s sugar needs, representing 250,000 tons.

President Akufo-Addo has said the government is currently scouting for strategic investors to inject life into the defunct Komenda Sugar factory.

The president lamented the lack of proper planning in the implementation of the project by the Mahama administration, and gave assurances that the factory will become viable.

This is contained in a report sighted by YEN.com.gh on Citinewsroom.com.

President Akufo-Addo

President Akufo-Addo
Source: UGC

READ ALSO: Ghanaians on social media mock Vice President Bawumia over cedi depreciation

The previous plan that established is not the best. Those who started it could not complete it, and that is why we came to meet staggering dent and an idle factory.”

The Minister of Trade and Industry is looking for a strategic investor to come and divest here. We are still searching for one because the initial plans were not the best. It is now we are coming to organize things,” Akufo-Addo said.

READ ALSO: Emmanuel Tagoe reveals why he took the DNA test proving his 14-yr-old son is not his

The $35 million factory was closed down in June 2016, barely a month after then-President John Mahama commissioned it; and it remains idle, due to a lack of funds.

It was expected to be producing about 1,250 tonnes of sugar each day.

The factory, at its full capacity, can, in a year, produce 97% of the nation’s sugar needs, representing 250,000 tons.

Following the closure, the factory had to sell sugarcane at its 125-acre seedling plantation to distillers of the local alcoholic beverage popularly known as ‘akpeteshie.’

READ ALSO: My man must beat me to show he loves me – Tanzanian actress

Disappointed sugarcane farmers who had hopes of cultivating and supplying the Komenda Sugar factory have also been compelled to sell to producers of akpeteshie.

Akufo-Addo's comment is sure to surprise some Ghanaians because reviving the Komenda Sugar Factory was one of his main campaign promises in the 2016 election.

It is no doubt some Ghanaians, especially people of Komenda in the Central Region, would be disappointed.

In other news:

Government has reportedly sent a delegation of Christians on a pilgrimage to Israel to pray for the nation.

This comes at a time when Ghanaians are complaining of economic hardship, and the poor performance of the cedi against the dollar and other major trading currencies.

READ ALSO: Minister leads Christians on pilgrimage to Israel

Kofi Annan Farewell Ceremony: Ghana Says Goodbye to Kofi Annan - Ghana News Today | Yen.com.gh

Subscribe to watch new videos

READ ALSO: 8 clear signs you are a side 'chick', not marriage material

Have national and human interest issues to discuss?

Know someone who is extremely talented and needs recognition?

Your stories and photos are always welcome. Get interactive via our Facebook page

Source: Yen.com.gh

Related news
Meet 26-yr-old professional painter who delivers flawless job in and out of Ghana

Meet professional Ghanaian painter who is making money through referrals, and contracts outside Ghana

Meet 26-yr-old professional painter who delivers flawless job in and out of Ghana
YEN.com.gh
Mailfire view pixel