Komenda Sugar Factory Explained

Komenda Sugar Factory
Type:Public
Industry:Sugar industry
Foundation:Founded in 1964
Location:Komenda Cape Coast, Central Region, Ghana
Products:Sugar

Komenda Sugar Development Company Limited[1] (also known as Komenda Sugar Factory) is a Ghanaian factory established in 1964 and its operations ground to a halt in the early 1990s. This was due to poor management and technical issues.[2]

In 2016, Government secured a $35 million loan from the Indian Export-Import Bank, followed by an additional $24 million investment to revamp the operations of the sugar factory.[3]

Revival

The sugar factory collapsed and it was inaugurated by the erstwhile John Mahama government in 2016.[4] [5] [6] This was made possible by a loan facility of 35 million dollars from an Indian EXIM Bank.[7]

Notes and References

  1. Web site: 2022-10-08 . YEA CEO visits Komenda sugar factory . 2023-08-21 . GhanaWeb . en.
  2. Web site: Komenda Sugar Factory: A rusting investment. 2021-10-23. MyJoyOnline.com. en-US.
  3. Web site: 2024-08-01 . Govt to lease Komenda sugar factory for 15 to 20 years . 2024-11-26 . en-US.
  4. Web site: 2020-03-20. Awaiting to die, the story of the Komenda sugar factory. 2021-10-23. GhanaWeb. en.
  5. Web site: 2021-10-18. Akufo-Addo takes on Mahama over recent remark on Komenda Sugar factory. 2021-10-23. Citinewsroom - Comprehensive News in Ghana. en-US.
  6. Web site: Report on Komenda Sugar Factory.
  7. Web site: 2021-10-23. Alan hasn't sold Komenda Sugar Factory farm land to Akpeteshie distillers – Trade Ministry. 2021-12-14. Citinewsroom - Comprehensive News in Ghana. en-US.

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