The Government of Ghana has sourced 35 million-dollar loan from India for the reconstruction of Komenda Sugar factory in the Komenda-Edina-Eguafo-Abrem (KEEA) District of the Central Region.
The Government through the Export Development and Agricultural Investment Fund would also contribute one million dollars towards the project, which would commence before the end of the year.
Mr Haruna Iddrisu, Minister of Trade and Industry, on Wednesday announced these when he paid courtesy calls on the chiefs of Komenda and Dutch Komenda traditional areas, to officially inform them about Government�s readiness to commence work on the factory.
He said the project would be executed by SEFTECH India Private Limited, an Indian based company.
The minister said that the Government has sourced an additional a 24 million -dollar loan from India to start an irrigation project for the growing of sugar cane.
Mr Iddrisu said 1, 5000 acres of land would be used for the planting of sugar cane, out of which 1,000 acres would be owned by the factory whiles 500 would go to out growers.
He said the sugar factory would create jobs and produce raw materials for pharmaceutical and confectionery industries, adding that, currently, the country imports about 300.000 tonnes of sugar.
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