Komenda Sugar Factory To Be Operational By First Quarter Of 2022

President Nana Addo Dankwa Akufo-Addo has reiterated his government’s commitment to revamp the Komenda sugar factory.

According to the President, the Komenda sugar factory will be fully operational by first quarter of the year 2022.

"I promise, by 1st quarter of 2022, Komenda sugar factory will be fully operationalized for the people of Central Region…We cannot allow it to go waste’’, he stated. 

President Akufo-Addo disclosed this in an interview with Eagle FM at Cape Coast during his two-day tour in the Central Region which forms part of his annual working visits to the sixteen (16) Regions. 

He mentioned that the Ministry of Trade is looking for partnership to run the Komenda sugar factory.

Towards the revival of the factory, the President revealed that a Strategic Investor, Park Agrotech Ghana Limited, had been selected as the preferred Strategic Investor for the Komenda Sugar Factory, and their recommendation was approved by Cabinet.

However, negotiations between the Transaction Advisor (Price Water House) and the Strategic Investor has been unduly prolonged due to a number of demands made by the Strategic Investor, as well as the effects of the emergence of COVID-19 Pandemic, which restricted consultations between the investor and the Transaction Advisor.

With the delays in concluding negotiations between the Transaction Advisor and the Strategic Investor, the Ministry of Trade and Industry, after given the required notice, terminated the negotiations with the Strategic Investor on 1 st September 2021 for their failure to fulfil the conditions precedent to the offer made to them.

The President indicated that the services of the Technical Partner with expertise in the sugar industry has been engaged to manage the technical operations of the factory. In addition, traditional authorities in Komenda and the adjoining districts have been engaged to acquire large tracts of land for sugarcane plantation.

The President is expected to commission and inspect projects under the Government’s “1 District, 1 Factory” initiative and ongoing road works in the Region.

He indicated the factory has become almost defunct due to the poor mechanisms which were employed by previous government but assured it will be restored to a better state as soon as possible.

The President later inspected the multi-purpose MOE, CTVET and AVIC engineering laboratories at the Cape Coast Technical University.