President John Mahama on Monday, May 30, 2016 commissioned the new Komenda sugar factory. Following its commissioning, there has been a considerable amount of media commentary and speculation about the various aspects of the factory’s operations.
YEN.com.gh brings you six facts about the Komenda sugar factory.
1. The factory was established with a USD35million concessional loan from the Indian government through the Export Import Bank of India.
2. The capacity of the plant is 1,250 tons crushing per day (TCD) of raw sugar cane, implying an annual capacity to crush some 225,000 metric tons of sugar cane per year.
3. With the coming-up of the new sugar factory in Komenda an irrigation scheme for sugarcane cultivation will be undertaken with an additional USD24.5 million loan from the Indian Exim Bank under the Indian government supported line of credit.
4. The initial arrangement to buy the sugarcane from farmers at GHC60 per ton was later improved to GHC80-GHC90, as local distillers also increased their purchase price of sugar cane to the farmers.
5. In order to ensure sustained supply of raw materials to feed the factory, an out-grower scheme will be developed and farmers supplied with high yielding planting materials for cultivation. The factory itself will develop an irrigation and plantation scheme with a $24.5 million credit from the Indian Government.
6. An irrigation scheme for sugarcane cultivation will be undertaken with an additional USD24.5 million loan from the Indian Exim Bank under the Indian government supported line of credit.