Mahama gov't put Komenda Sugar Factory on sale after 2 months of reopening - Trade Minister
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”.
“It is unacceptable to sell the factory; this is an investment the government made”, Mr Mahama said, adding: “We can get the expertise and technology to make this factory work”.
Mr Mahama argued: “Sugar is one of the products we import a lot – almost $200 million every year – so, if we produce part of that sugar here, then it reduces the foreign exchange we have to take outside to import sugar”.
“I will urge the government to follow the path that we took”, he said while addressing the people of Komenda during a tour of the Central Region at the weekend.
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.