Komenda Sugar Factory to be Leased to West African Agro Limited in Effort to Revitalize Operations
The Minister for Trade and Industry and Member of Parliament for Adansi Asokwa, Hon. Kobina Tahir Hammond, has described the Komenda Sugar Factory as an “albatross” around the neck of the country due to its underutilization and financial burden. In a bid to turn things around, the government has announced plans to lease the factory to West African Agro Limited, an India-based firm, for a renewable term of 15 to 20 years.
During a visit to the Komenda Sugar Factory in the Central Region, accompanied by leaders from West African Agro Limited, Hon. Hammond revealed that this strategic partnership aims to revitalize the factory’s operations and ensure it can meet the growing domestic demand for sugar. The Minister emphasized that this initiative is part of a broader effort to boost the local sugar industry and create jobs in the region.
A New Chapter for Komenda Sugar Factory
The Komenda Sugar Factory has been a significant burden for the country, with its underutilization resulting in substantial financial losses. However, with this new partnership, the government hopes to transform the factory into a thriving enterprise that contributes to the local economy.
Strategic Partnership to Boost Local Sugar Industry
The leasing of the Komenda Sugar Factory to West African Agro Limited is a strategic move to inject new life into the factory’s operations. The partnership aims to:
- Revitalize the factory’s operations to meet growing domestic demand for sugar
- Boost the local sugar industry through increased production and job creation
- Generate employment opportunities in the region
- Reduce the financial burden on the government
A Brighter Future Ahead
Hon. KT Hammond expressed optimism about the partnership, stating that it marks a new chapter for the Komenda Sugar Factory. He emphasized that the government is committed to supporting the growth of the local sugar industry and creating jobs for the people.
With this new partnership, the Komenda Sugar Factory is poised to become a thriving enterprise that contributes to the local economy and supports the growth of the sugar industry in Ghana.
