The Minister for Trade and Industry, Mr. Alan Kyeremanteng, says the government is putting in place measures to revive the Komenda Sugar factory with a $24.5 million Indian EXIM credit facility.
He revealed this on the floor of Parliament, when he was responding to a question asked by the Member of Parliament for Cape Coast South, Hon. George Ricketts-Hagan. The MP asked him the steps the Ministry is taking to re-start the Komenda Sugar factory, and the development of sugarcane plantation and irrigation through the out-grower scheme.
The Minister said after the commissioning of the factory in May, 2016, there were challenges that constrained the operations of the company right from the inception of the project.
He indicated that as a result of this, the Ministry constituted a team of Ghanaian experts to conduct a comprehensive technical audit of the factory. He intimated that the Ministry has decided to implement the recommendations as contained in the experts’ report to revive the factory.
The Minister stated that one of the recommendations is to develop and implement plantation and out-grower scheme using the $24.5 million Indian EXIM credit facility, to ensure the cultivation of about 14,100 acres of sugarcane in the Central and Western regions.
