Komenda sugar factory

The government has announced plans to lease the Komenda Sugar Development Company Limited to West Africa Agro Limited, an Indian-based firm, for a renewable term of 15 to 20 years. According to Minister of Trade and Industry K.T. Hammond, this move is intended to revive the company’s operations to meet domestic demand. Established in 1964, the Komenda Sugar Development Company Limited, also known as the Komenda Sugar Factory, has been inactive for an extended period. In 2016, the previous NDC government secured a $35 million loan from the Indian Export-Import Bank and invested an additional $24 million to revitalize the…

The government is set to lease Komenda Sugar Development Company Limited to an Indian-based firm, West Africa Agro Limited for a renewable term of 15 to 20 years. Minister of Trade and Industry K.T. Hammond states that this initiative aims to revive the company’s operations to meet domestic demand. The Komenda Sugar Development Company Limited, also known as the Komenda Sugar Factory, was established in 1964 but halted operations for an extended period. In 2016, the previous NDC government secured a $35 million loan from the Indian Export-Import Bank, followed by an additional $24 million investment to revamp the operations…

President Nana Addo Dankwa Akufo-Addo has given the assurance that the Komenda Sugar Factory, currently undergoing test run, will be commissioned by the close of the year. He said this when he paid a courtesy call on the Acting Paramount Chief of Komenda and inspected the factory, as part of his two-day working tour of the Central Region. The test run, according officials of the factory, has produced 12.5 metric tonnes of unrefined sugar in barely two months. The factory, established in 1964, was revamped in 2016 with a $35-million Indian Export-Import (EXIM) Bank loan facility and an additional $24…