Audio By Carbonatix
The Ayensu Starch Company failed to produce the expected 4,000 metric tonnes of starch for Guinness Company Limited by June 2014.
The company is further expected to produce an additional 10,000 tonnes by June 2015 when it could not even produce a thousand metric of starch last year.
Currently, the factory is crippled with productivity, management, supply and technical challenges that compelled the workers to lay down their tools some months ago.
Mr Kweku Ricketts-Hagan, the Deputy Minister of Trade and Industry, has said the government was making efforts to put the factory in the hands of the private sector to inject the required capital to help boost production and achieve its targets.
He said during a visit to the company that it was imperative that industries were run by the private sector, with the government being a shareholder to give the companies the needed support to succeed.
According to the Minister, though a definitive decision had not been made yet, the government was looking for a partnership that would involve a Ghanaian and a foreigner, or a Ghanaian, to resolve the problems of ageing machines and other issues of the company, to enhance productivity.
He said the arrangement was in line with government's private partnership policy of involving the private sector in giving a big boost to local industries, adding that "companies and industries are better run by the private sector than the government."
The Managing Director of the company, Mr James Bitir, said insufficient supply of electricity was a major contributor to the factory's inability to meet operational targets.
The Ayensu Starch Factory was set up in 2003 as an agro-processing business involved in the processing of cassava into food grade starch for local consumption and export.
Latest Stories
-
More UK flight delays expected after hundreds cancelled by air traffic control glitch
43 minutes -
Very hot drinks may damage the food pipe and increase cancer risk
52 minutes -
Fix IPP pricing, not just ECG, PUWU tells IMF, World Bank
1 hour -
OpenAI says it cracked 90-year-old maths problem in 88 hours
1 hour -
Meta continues to run ads promoting child sexual abuse material in India – Report
2 hours -
‘The first game was weird’ – Sampson reflects on Black Princesses’ Ecuador defeat
2 hours -
Ghana can fix its energy sector without IMF, World Bank – PUWU
2 hours -
Charles Sampson demands more confidence in front of goal from Black Princesses
2 hours -
‘We have shaken it up’ – Sampson says Black Princesses ready to redeem themselves
2 hours -
ECG revenue is improving, so what has changed? – PUWU challenges World Bank
2 hours -
Herbert Mensah takes Africa’s sports economy case to the UN General Assembly Week in New York
2 hours -
Oil nears $100 as fresh Middle East strikes raise supply risks
3 hours -
British widow faces deportation from Sweden after 22 years
3 hours -
New UK law to force tech firms to stop children taking or sharing nude images
4 hours -
US slaps import ban on Canadian alcohol, motorbikes and other goods
4 hours