Monday, 25 November

Komenda sugar factory to begin operations in April – Akufo-Addo

Business
The Komenda Sugar factory in the Central Region, will begin operations by April, 2022

The Komenda Sugar factory in the Central Region, will begin operations by April, 2022.

This was disclosed by President Nana Addo Dankwa Akufo-Addo during a meeting with the chiefs of Komenda at the Jubilee House.

According to President Akufo-Addo, some civil works are being carried out currently on the factory.

However, it is expected that the works will be completed by March ending to enable the factory commence operations fully.

“On the sugar factory, some civil works are being done there and hopefully by the end of March, it will be completed. The Indians are in and doing some work and so by April, production would have begun at the sugar factory,” the President noted.

When the factory is operationalised, Ghanaian-Indian company, Park Agrotech who are the new investors will be taking over the factory’s operations.

The Komenda Sugar Factory was built from an Indian Exim Bank facility at a cost of USD35 million.

Inaugurated in May 2016 by former President John Dramani Mahama, the factory stopped operations after a while.

Ghanaian-Indian company, Park Agrotech was approved by Cabinet as the strategic investor for the factory before the COVID-19 pandemic.

 

Source: classfmonline.com/Elikem Adiku