zion

STRATEGIC INVESTOR SOON FOR KOMENDA SUGAR FACTORY

Government is in the process of finding a strategic investor to partner it to revive the Komenda Sugar Factory.

 

The search for the investor, according to the President Nana Addo Dankwa Akufo-Addo, had become necessary because his government inherited a non-operational factory.

 

Since it was commissioned in 2016, the President said it had not undertaken any commercial processing of sugarcane into sugar, as a result of serious deficiencies in its planning process.

 

These deficiencies, he stated, included the unavailability of sugarcane in sufficient quantities in the catchment area, as well as inadequate working capital required to make the factory functional.  

 

Addressing a durbar of chiefs and people of Komenda, in the Central Region, President Akufo-Addo said soil test conducted revealed that the general soil condition of the available land was not wholly suitable for sugarcane cultivation and would require substantial amounts of fertilizer input to improve the yields.

 

In response to the appeal made by the Omanhene of the Komenda Traditional Area, Nana Kojo Kru II, to revive the factory, the President indicated that a new strategic investor was being sought to commence operations of the sugar factory.

 

President Akufo-Addo assured the people who predominantly do fishing that the process to construct landing beaches and sites at the country's coastal communities like  Komenda, Elmina, Jamestown, Keta and Axim among others, had reached an advanced stage, and soon, construction works on those landing sites would commence.

 

“We came to improve the standards of living of the Ghanaian people, and that is what my government is doing...," he stated pointing out that even though he was bequeathed with huge debt, "however, I remain unshaken, and I am working to fulfill my promises to the Ghanaian people.”

 

The President also visited the Petersfield and Rey Limited, a citrus-processing factory  project under the “1 District,1 Factory” initiative and urged the company to position itself to take advantage of the Continental African Free Trade Area which has a market size of about 1.2 billion people.

 

The Minister for Roads and Highways, Mr. Kwasi Amoako-Atta, who was among the President’s entourage hinted of ongoing road construction works in most parts of the Central Region, and other parts of the country.

 

He particularly mentioned that the construction of the 5-kilometre stretch that leads to the Komenda township was expected to be completed in 12 months. In addition, the 6-kilometre Komenda College of Education internal feeder roads under construction was expected to be done by next year.

 

On the construction of the Brenya Lagoon bridge, which begun in 2014, the Roads Minister said it had seen substantial construction works since it re-commenced in 2017, and “within this week, the bridge will be handed over to the people of KEEA.”

 

Source: ISD (Rex Mainoo Yeboah)