"Komenda Sugar factory to create 7,000 jobs"

Europa

May 30, 2016 5:26 PM

The president made these comments at the inauguration of the Komenda Sugar factory in Komenda in the Central Region.

President John Mahama has said the revived Komenda Sugar factory will provide direct and indirect jobs to an estimated 7,000 people.

“The revival of the Komenda Sugar plant was one of our major plans in the transforming lives agenda. It will provide direct and indirect jobs to an estimated 7000 people… It was providing jobs to 1000 people directly when it was established,” president Mahama said.

The revamped factory is expected to cut Ghana’s sugar import by $200 million.

“Every single cube of sugar that we eat here in Ghana is imported..Komenda is going to change that” president Mahama said.

The factory was established in the 1980s by Ghana’s first president Dr. Kwame Nkrumah and folded up after he was toppled in a 1966 coup.

In 2014, president Mahama broke grounds for the reconstruction of the factory in partnership with the Indian government.

The joint venture cost $36.5 million with the Indian government contributing $35 million of the total sum.

The factory will process 1250 metric tonnes of sugar cane daily.

In addition, the sugar factory will produce 40 percent of its sugar needs while 60 percent of it will be provided by small farmholders.

It will also maximize by-products such as ethanol, which is a low cost fuel resource used to power engines.

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