Komenda sugar factory Archives

02 Aug

Indian-Based Firm To Operate Komenda Sugar Factory Under Long-Term Lease

Wontumi1BusinessKomenda 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…

01 Aug

Govt To Lease Komenda Sugar Factory For 15 To 20 Years

Wontumi1BusinessKomenda sugar factory

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…

19 Oct

You Learnt “Foolish” Economics At 6th Form- Chairman Wontumi Fires Mahama

Kakra NunuFeatured, NewsChairman Wontumi, Komenda sugar factory

Claims by former President John Mahama that he studied some economics at 6th form has been challenged by Mr. Bernard Antwi-Boasiako, the Ashanti regional Chairman for the New Patriotic Party (NPP). Mr. Antwi-Boasiako alias Chairman Wontumi, branded the economic lessons taken by Mr. John Mahama at school as “foolish” noting that it was the reason, he collapsed the economy of Ghana when he was given the mandate to rule as President. “You didn’t learn proper economics at 6th form; if you really did learn, you wouldn’t have brought ‘dumsor’ or collapsed businesses in Ghana”, Chairman Wontumi said. He further lashed out at the 2020…

18 Oct

“Mahama Constructed The Roof Before Building The Foundation” – President Akufo-Addo On Komenda Sugar Factory

Kakra NunuBusiness, FeaturedKomenda sugar factory

The President of the Republic, Nana Addo Dankwa Akufo-Addo, says the decision taken by his predecessor, John Dramani Mahama, to build the Komenda Sugar factory, without first establishing a sugarcane plantation, betrays every principle of construction. “It is like building a house, and say you are going to start from the roof, before you have a foundation. How does the house get built? You going to start from the roof, when you haven’t built the foundation?” President Akufo-Addo asked. According to President Akufo-Addo, “You would think that every industrial activity would begin with, first of all, what you want to…

18 Oct

Who Builds A Factory Before Looking For Raw Materials? Chief Questions JM

Kakra NunuBusiness, FeaturedKomenda sugar factory

Former President Mahama’s decision to build the Komenda sugar factory without having raw materials available, has been seriously questioned by Nana Oteatuoso Kokobeng II who has described the move as a very bad decision. Speaking on the issue after the former President stated that “I am not a fool” to build Komenda sugar factory knowing very well the problems associated with it, Nana Oteatuoso Kokobeng II stated on Wontumi TV he doesn’t believe the decision was well thought through before implemented. https://youtu.be/uC_i5z1A8bU “You wanted to build the factory before having raw materials. So if for 10 years you don’t get the raw materials, the factory would just be there? So why…