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Company News of Thursday, April 4, 2019
Source: clbadfmonline.com
2019-04-04
play the videoAlan Kyerematen, Minister of Trade and Industry
Minister of Trade and Industry Alan Kyerematen attributed the dormancy of the Komenda Sugar Factory to technical and financial problems.
This was discovered after a technical audit, he said.
Before the Parliament to answer the questions put by the Komenda MP Edina Eguafo Abirem (KEEA), Mr. Samuel Atta-Mills, Mr. Kyerematen indicated that when he took office, a technical audit was carried out on the # 39; installation. revealed, among other things, that the soil condition was not conducive to the production of quality sugarcane, indicating that the government was taking steps to hire a new investor and is expecting that a decision be taken by April this year.
In addition, he said: "A test was never carried out before the commissioning of the plant, for lack of sugar cane in sufficient quantity".
According to him, the factory, at the inauguration by the previous government, "was not able to produce the refined white sugar required due to the lack" of some components of transformation "which were not fully installed during the test".
He said: "About 35 items were not installed during commissioning, although they are essential for the production of sulfur-free white sugar."
In addition, he noted that the amount of land available for growing sugar cane was well below the 6,000 acres needed to supply sugar cane to run the plant at full capacity.
He pointed out that: "There has not been a sub-contracting program for smallholder farmers to support a plantation of cores for the plant".
It will be recalled that the previous government of the National Democratic Congress (NDC) had borrowed some GHS 35 million for the renovation of the Komenda sugar refinery.
But the minister said the decision was made not to trigger the loan until all the problems were solved. The minister, however, did not provide figures regarding the cost to the country of delayed loan activation.
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