Politics

Minister for Trade and Industries, Mr Alan Kyerematen says during the tenure of former President John Mahama the Komenda Sugar Factory was put up for sale just two months after it had been inaugurated.

Mr Kyerematen disclosed this in a Meet The Press section on May 7, 2019.

Last month former President Mahama described plans by the Akufo-Addo government to sell the factory to a private investor as “unacceptable”.

The factory, built at a cost of $35 million from an Indian Exim Bank facility, was revamped and inaugurated by the erstwhile Mahama administration in 2016 and closed down in June of the same year and has since remained dormant. It has a capacity to crush 1,250 tonnes of sugarcane per day.

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