News:
July 24, 2021
The Minister for Trade and Industry, Alan Kwadwo Kyerematen has told Parliament, the Komenda Sugar factory would start production before the end of this year, 2021.
He explained that, as he presented to Parliament during his ministerial vetting in February this year, the Ministry of Trade and Industry, working in collaboration with its Transaction Advisor Pricewaterhouse Coopers Ghana Limited, is in the process of concluding the Conditions Precedent for the activation of the Concession Agreement with the selected Strategic Investor, Park Agrotech Limited, to commence operations at the Komenda Sugar Factory.
Mr. Kyerematen added that, he previously indicated, Park Agrotech Limited, a geoprocessing company based in Ghana who together with its technical partner based in India, have significant expertise in the sugar cultivation and processing industry.
Mr. Kyerematen concluded that, he has instructed the Transaction Advisor and Park Agrotech to ensure that the Conditions Precedent to the Concession Agreement and a Road Map for the opening of the factory is finalized by the end of August to enable operational activities commence before the end of this year.
The minister’s answer came as a response to a question filed by the Hon member of Parliament for Komenda/Edina/Eguafo/Abirim, Dr Samuel Atta Mills, asking the minister for trade and industry, why Komenda Sugar factory is still closed and what has happened to the strategic investor the country was promised.
Kwaku Sakyi-Danso/Ghanamps.com