Komenda Sugar Factory
| Company type | Public |
|---|---|
| Industry | Sugar industry |
| Founded | Founded in 1964 |
| Headquarters | 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
[edit]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]
References
[edit]- ^ "YEA CEO visits Komenda sugar factory". GhanaWeb. 2022-10-08. Retrieved 2023-08-21.
- ^ "Komenda Sugar Factory: A rusting investment". MyJoyOnline.com. Retrieved 2021-10-23.
- ^ "Govt to lease Komenda sugar factory for 15 to 20 years". 2024-08-01. Retrieved 2024-11-26.
- ^ "Awaiting to die, the story of the Komenda sugar factory". GhanaWeb. 2020-03-20. Retrieved 2021-10-23.
- ^ "Akufo-Addo takes on Mahama over recent remark on Komenda Sugar factory". Citinewsroom - Comprehensive News in Ghana. 2021-10-18. Retrieved 2021-10-23.
- ^ "Report on Komenda Sugar Factory".
- ^ "Alan hasn't sold Komenda Sugar Factory farm land to Akpeteshie distillers – Trade Ministry". Citinewsroom - Comprehensive News in Ghana. 2021-10-23. Retrieved 2021-12-14.
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