Information available to YEN.com.gh shows that the erstwhile National Democratic Congress (NDC) administration headed by John Dramani Mahama, almost sold the Komenda Sugar Factory to a private investor.
Speaking on the floor of Parliament, the minister of trade and industry, Alan Kyeremanten, said the identity of the private investor who attempted to purchase it is yet to be revealed.
According to him, the deal could not go through because the unnamed private investor failed to fulfill his part of the obligations under the Sale and Purchase Agreement.
Per a report from Kasapafmnoline.com, the minister disclosed this when called on to throw light on the status of the Komenda Sugar Factory as well as measures the government was putting in place to make it viable.
Kyerematen, commenting further, said his outfit in an effort to put the factory to viable commercial production, decided to initiate a new process in collaboration with the Transaction Advisor, PricewaterHouse Coopers (PwC), to attract a strategic investor to acquire the assets of the Komenda Sugar and manage the company’s operations.
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