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President Nana Akufo-Addo says the government is currently scouting for a strategic investor to inject life into the struggling Komenda Sugar factory.<\/p>\n
While lamenting the lack of proper planning in the implementation of the project by the Mahama administration, President Akufo-Addo gave assurances of ensuring that the factory becomes viable.<\/p>\n
This, he believes, will bring economic relief to the area.<\/p>\n
\u201cThe previous plan that established is not the best. Those who started it could not complete it, and that is why we came to meet staggering dent and an idle factory.\u201d<\/p>\n
The Minister of Trade and Industry is looking for a strategic investor to come and divest here. We are still searching for one because the initial plans were not the best. It is now we are coming to organize things,\u201d President Akufo-Addo.\u201d<\/p>\n
The $35 million factory remains dormant, due to a lack of funds.<\/p>\n
It was closed down in\u00a0June 2016, barely a month after then-President John Mahama commissioned it.<\/p>\n
It was\u00a0expected to be producing about 1,250 tonnes of sugar each day.<\/p>\n
The factory, at its full capacity, can, in a year, produce 97% of the nation\u2019s sugar needs, representing 250,000 tons.<\/p>\n
Following the closure, the factory had to sell sugarcane at its 125-acre seedling plantation to distillers of the local alcoholic beverage popularly known as \u2018akpeteshie.\u2019<\/p>\n
Sugarcane farmers who had hopes of cultivating of supplying the Komenda Sugar factory have also been compelled to sell to producers of akpeteshie.<\/p>\n