Private Investors to Run Komenda Sugar Factory – Nana Addo
President Akufo Addo has revealed that government intends to leave both the running of the Komenda Sugar Factory and the cultivation of sugarcane to feed the factory in the hands of private investors.
The decision, he says is part of government’s agenda to revive the $35 million Indian Exim Bank facility that has been inactive since it was launched in May 2016.
Speaking on day one of his 4-day working visit to the Central Region, he indicated that the move is to ensure efficiency at the factory as history over the years has shown that such partnership yields better results when compared to 100% state-owned enterprises.
The factory, when fully operational, could produce 97% of Ghana’s sugar requirement, while out grower sugarcane farmers, mostly in the Central and Western Regions, could also be gainfully employed.
Government, he added will create the avenue for research institutions which are interested in coming up with the best variety of sugarcane to feed the factory to do so in order for the factory to run at its optimum level.