President John Dramani Mahama has disclosed that the government is in active discussions with an investor to revive the long-dormant Komenda Sugar Factory.
Speaking during his tour of the Central Region on Saturday, June 27, the President explained that efforts to restart the factory actually began before his administration assumed office, building on initial engagements by the previous government.
He noted that the Ministry of Trade has since held meetings with the prospective investor to review their proposal for resuming operations at the facility.
According to President Mahama, the investor has requested a ban on imported refined sugar to guarantee a ready local market for the factory’s products. However, the President said such a measure would only be considered after a thorough assessment.
“What he wanted was a ban on imported sugar so that he would have the local market. But we also need to assess his capability before we issue a ban. Otherwise, supply may not be able to meet demand,” the President said.
He added that conversations with the investor are still ongoing, and the government may gradually reduce sugar imports in the future to support local production while ensuring the country’s demand is adequately met.
“We are still engaging the investor and we may gradually reduce imports to create space for local production while ensuring that the country’s demand is adequately met,” President Mahama added.
The Komenda Sugar Factory has remained largely inactive since its commissioning in 2016, despite several previous revival attempts.
Many residents in the Central Region are hopeful that this latest effort will finally bring the factory back to life and create much-needed jobs.
Source: adomonline.com
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