
Audio By Carbonatix
Work on the defunct sugar factory in the Komenda-Edina- Eguafo-Abrem Municipality (KEEA) of the Central Region is now set to begin in June this year.
This follows the approval from the financiers of the project for the construction works to take off. The Indian government through its Exim-Bank is expected to release some $35 million for the project .
The factory is expected to generate about 400 direct employment, while 2000 out grower farmers are also expected to benefit.
Trade and Industry minister, Haruna Idrissu, told Joy Business this would position the country as a major exporter of sugar.
Mr. Iddrisu tasked the KEEA Municipal Chief Executive, Isaac Kweku Sam and Nana Kodwo Kru II, Omanhene of Komenda Traditional area, to fix a date for President John Dramani Mahama to perform the ground breaking ceremony for work to begin on the construction of the new plant.
Mr. Iddrisu said the government was committed to reviving the sugar industry in the area to create jobs and wealth for the people.
He noted that the government had secured an Indian government loan of US$35 million with a component of US$1million from the government of Ghana for the project.
The Minister indicated that investors would utilize 1,000 acres for cultivation, while the 500 acres would be allocated to out-growers to support the supply of the raw material.
Mr. Iddrisu asked the investors to rely on the labour of the people in the area to add local content to the project.
He therefore commended the chiefs and people for their absolute and utmost support for the project and expressed the hope that the people would take advantage of the project to reduce poverty in the area.
The Central Regional Minister, Mr. Samuel Sarpong commended the chiefs and people for their total support and commitment for the revival of the industry and expressed the hope that they would maintain the zeal when the factory becomes operational.
He also commended the former Member of Parliament, who was a deputy minister of Trade and Industry, Dr. J.S. Annan and the current MP, Dr. Nana Ato Arthur for their support for the project.
The Omanhene of the Komenda Traditional Area, Nana Kodwo Kru II also commended the investors, the Indian government, the government of Ghana and all stakeholders for reviving the industry to bring development into the area.
Latest Stories
-
NCCE raises alarm over rising child prostitution in Yilo Krobo
51 minutes -
ORCC, GHS, CEA sensitise apprentices on reproductive health in Nkwanta South
55 minutes -
Public advised to look out for FDA food hygiene permits at eateries
58 minutes -
GoldBod earned over $10bn from gold exports in 2025 – Deputy Finance Minister
1 hour -
GHS sets up probe committee as search continues for missing baby in Salaga
1 hour -
NACOC warns of rising drug abuse in SHSs and universities
1 hour -
Ghana must prioritise youth jobs – World Bank
1 hour -
Bank of Ghana urges journalists to combat misinformation through accurate reporting
1 hour -
GUTA urges PURC to suspend planned utility tariff increases
1 hour -
My family had nothing to do with Adams Mahama’s death – Paul Afoko
1 hour -
Parliament backs disability reforms to promote inclusion and equity for PWDs
1 hour -
Fatal Kpong–Tema collision renews road safety concerns
1 hour -
UBS, NACOC urge youth to reject drugs through empowerment, education
1 hour -
GWL raises alarm over rising meter theft
2 hours -
CSIR-PGRRI saving seeds, while Ghana’s biodiversity disappearing
2 hours