I never thought of selling Komenda Sugar Factory – Mahama | Policy

Former President John Dramani Mahama strongly stated that his government had never tried to sell Komenda's sugar factory.

This statement by the former president goes against the claims of the Minister of Trade and Industry, Alan Kyerematen, that the former administration had wanted to sell the factory.

Addressing the media after visiting the Komenda Sugar Plant, Mr Mahama said his government was only seeking to establish a Public-Private Partnership (P3) agreement to help the company. 39, factory to operate properly.

"The project as a whole was funded by the Indian EXIM, which thus granted a first loan for the construction of a factory and, after the construction of the factory, to test it and put it in use.

"The loan from the Indian EXIM is still available, so the government has more than just to take that money and to implement the second phase of the project. Once done, this plant will work.

"But we admit that we do not have the expertise to produce and produce sugar. So we launched an ad. We have stated that any country or company with this expertise should come and join PPP.

'We did not sell the factory, it was a PPP agreement. The intention was not to sell the plant … it's an investment the government has made and we can get the expertise to make it work, "said the former president.

Therefore, he urged the government to obtain the loan provided by India EXIM and to operate the sugar factory.