General News of Friday, 5 April 2019Source: dailyguidenetwork.comNDC planned sale of Komenda Sugar FactoryTrade and Industry Minister Alan KyerematenIt has emerged that the erstwhile Mahama administration was on the verge of selling the shares of Ghanaians in the controversial Komenda Sugar Factory in the Central Region. He said the Komenda Sugar Factory had been lying idle because of some financial, technical and legal challenges associated with it. The minister said after the Mahama administration had commissioned the factory, it attempted to divest its majority shares to a private investor. Speaker, 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 PricewaterhouseCoopers (PwC) to attract a strategic investor to acquire the assets of the Komenda Sugar Factory and manage the company’s operations,” he said. The Minister of Trade and Industry was in the House yesterday to answer a question on why the Komenda Sugar Factory had been shut down.

Source: GhanaWeb April 05, 2019 11:15 UTC