Komenda Sugar Factory goes on saleplay videoAlan Kyerematen, Minister of Trade and IndustryThe dormant Komenda Sugar Factory has been put on sale by government after the bid evaluation process was completed, with Pricewaterhouse Coopers (PwC) appointed as the transaction’s advisors. “The ministry, in an effort to put the factory to viable commercial production, decided to initiate a new process in collaboration with the Transaction Advisor, PwC, to attract a strategic investor to acquire the assets of the Komenda Sugar Factory and manage the company’s operations. Mr. Kyerematen stated that in September 2017 the ministry commissioned a technical audit of the factory to ascertain its technical and operational status. His appearance in the House was triggered by a question filed by Dr. Samuel Atta-Mills, the Member of Parliament for Komenda/Edina/Eguafo/Abrem, as to “why the Komenda Sugar Factory has been shut down, and the reasons for shutting down the factory”. The land size available for cultivation is far less than the 6,000 acres required for supplying sugar cane to run the factory at full capacity.

Source: GhanaWeb April 05, 2019 15:00 UTC