• Latest
  • Trending
Komenda residents to stage mass protest in Accra against Komenda Sugar Factory lease

Komenda Sugar Factory to be leased for 15-20 years

August 2, 2024
Parliament's Health Committee to engage striking nurses today, June 12

Parliament’s Health Committee to engage striking nurses today, June 12

June 12, 2025
BREAKING: London bound Air India plane crashes in Indian's Ahmedabad

BREAKING: London-bound Air India plane crashes in Indian’s Ahmedabad

June 12, 2025
Ghana secures 0% tariff on exports to China

Ghana secures 0% tariff on exports to China

June 12, 2025
Prempeh I International Airport runway extension project to be completed in 2025 – Transport Minister

Prempeh I International Airport runway extension project to be completed in 2025 – Transport Minister

June 12, 2025
"Bloggers death heartbreaking and unacceptable" - Ruto sympathizes with blogger's family

“Bloggers death heartbreaking and unacceptable” – Ruto sympathizes with blogger’s family

June 12, 2025
Ghana Ranks 8th Among Africa’s Top 10 Manufacturing Countries; 1D1F Initiative Earns Praise

Ghana Ranks 8th Among Africa’s Top 10 Manufacturing Countries; 1D1F Initiative Earns Praise

June 12, 2025
Opoku Saana

Opoku Sanaa Wins Instrumentalist of the Year at TGMA26

June 12, 2025
Speaker Bagbin addresses chaos witnessed in Parliament on Tuesday

Speaker Bagbin addresses chaos witnessed in Parliament on Tuesday

June 11, 2025
Dr. Ayew Afriyie Urges NPP Leadership to Release 2024 Election Defeat Report

Dr. Ayew Afriyie Urges NPP Leadership to Release 2024 Election Defeat Report

June 11, 2025
At least seven dead in South Africa following powerful winter storm

At least seven dead in South Africa following powerful winter storm

June 11, 2025
Government plans to regulate, train, and support scrap business - GIISDEC Deputy CEO

Government plans to regulate, train, and support scrap business – GIISDEC Deputy CEO

June 11, 2025
Retired Nurses Not the Answer – GRNMA Fires Back at Gov’t"

Retired Nurses Not the Answer – GRNMA Fires Back at Gov’t

June 11, 2025
Happy Ghana
Advertisement
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home News

Komenda Sugar Factory to be leased for 15-20 years

in News, Top Story
Komenda residents to stage mass protest in Accra against Komenda Sugar Factory lease

Komenda residents to stage mass protest in Accra against Komenda Sugar Factory lease

Share on FacebookShare on TwitterShare on Whatsapp

The government has announced plans to lease the Komenda Sugar Development Company Limited to West Africa Agro Limited, an Indian-based company, for a renewable period of 15 to 20 years. According to Minister of Trade and Industry K.T. Hammond, the move is intended to revitalize the company’s operations and increase domestic sugar production to meet local demand.

The Komenda Sugar Factory, also known as the Komenda Sugar Development Company Limited, which was established in 1964 has a rich history. However, it faced a prolonged period of inactivity. In an effort to revive the factory, the previous NDC government secured a $35 million loan from the Indian Export-Import Bank in 2016, supplemented by an additional $24 million investment aimed at revitalizing its operations.

As the Komenda Sugar Factory gears up for full-scale production, it is currently in the midst of a test run phase. During a recent visit to the facility, Minister of Trade and Industry K.T. Hammond revealed that the government is poised to lease the factory to West Africa Agro Limited for an initial period of up to 20 years, with the option for renewal, paving the way for a long-term partnership.

Minister of Trade and Industry KT Hammond emphasized the current government’s dedication to reviving the Komenda Sugar Factory, while also expressing disappointment with the previous administration’s handling of the project, citing a lack of diligence and ineffective management that hindered the factory’s progress.

Tags: K.T. HammondKomenda Sugar Development Company LimitedWest Africa Agro Limited

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Figure of The Week – 3

Next Post

ECG announces load shedding in some Parts of Ashanti Region

Next Post
ECG urges Nuri prepaid meter customers to stock up on credit ahead of system upgrade

ECG announces load shedding in some Parts of Ashanti Region

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Parliament’s Health Committee to engage striking nurses today, June 12
  • BREAKING: London-bound Air India plane crashes in Indian’s Ahmedabad
  • Ghana secures 0% tariff on exports to China
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.