FM News Online
Advertisement
  • Home
  • Politics
  • Economy
  • Governance
  • Editorial
  • Health
  • Entertainment
    NFA mourns Beverly Afaglo, calls Her a pillar of Ghanaian Storytelling

    NFA mourns Actress Beverly Afaglo, calls Her a pillar of Ghanaian Storytelling

    How Africa sustained Baby Bicycle -teaching Ghana’s kids how to walk

    How Africa sustained Baby Bicycle -teaching Ghana’s kids how to walk

    NFA CEO Kafui Danku praises Government for 20 Million Film Development Fund

    Gov’t launches GH¢20m Film Development Fund to promote local moving Industry

    Gov’t launches GH¢20m Film Development Fund to promote local moving Industry

    GTA launches Tourism Information System for licensing, transparency with speed

    GTA launches Tourism Information System for licensing, transparency with speed

    Shatta Wale dominates at 43rd International Reggae & World Music Awards, Winning Big

    Shatta Wale dominates at 43rd International Reggae & World Music Awards, Winning Big

  • Sports
No Result
View All Result
  • Home
  • Politics
  • Economy
  • Governance
  • Editorial
  • Health
  • Entertainment
    NFA mourns Beverly Afaglo, calls Her a pillar of Ghanaian Storytelling

    NFA mourns Actress Beverly Afaglo, calls Her a pillar of Ghanaian Storytelling

    How Africa sustained Baby Bicycle -teaching Ghana’s kids how to walk

    How Africa sustained Baby Bicycle -teaching Ghana’s kids how to walk

    NFA CEO Kafui Danku praises Government for 20 Million Film Development Fund

    Gov’t launches GH¢20m Film Development Fund to promote local moving Industry

    Gov’t launches GH¢20m Film Development Fund to promote local moving Industry

    GTA launches Tourism Information System for licensing, transparency with speed

    GTA launches Tourism Information System for licensing, transparency with speed

    Shatta Wale dominates at 43rd International Reggae & World Music Awards, Winning Big

    Shatta Wale dominates at 43rd International Reggae & World Music Awards, Winning Big

  • Sports
No Result
View All Result
FM News Online
No Result
View All Result
Home Economy

Gov’t inaugurates interim Management committee to revive Komenda Sugar Factory

Edzorna Francis Mensah by Edzorna Francis Mensah
August 5, 2025
in Economy
0
Gov’t inaugurates interim Management committee to revive Komenda Sugar Factory
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

In a decisive move by government to revive the long-dormant Komenda Sugar Factory, the Ministry of Trade, Agribusiness and Industry has inaugurated an Interim Management Committee (IMC) to lead the operational turnaround of the factory.
The inauguration, held on Monday, August 4, 2025, at the Ministry’s Conference Room, marks a renewed national effort to restore the factory to full functionality and economic relevance.

Inaugurating the Committee, the Minister for Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare, emphasized the significance of the factory as a “prized national asset” initiated under the previous National Democratic Congress (NDC) government, but left to deteriorate due to a host of operational and supply chain challenges.

She recounted the factory’s history, which dates back to 2013 when the Government of Ghana contracted Seftech India Pvt to construct a sulphurless sugar plant on a turnkey basis. Designed to produce 125 metric tons of sugar daily, with plans to expand into ethanol production and power generation, the project initially cost $36.25 million, funded through a loan from India EXIM Bank and a grant from EDAIF, now Ghana EXIM Bank.

Despite subsequent efforts, including the engagement of Park Agrotech as a strategic investor in 2020 and the involvement of West Africa Agro-Tech Company Limited (WAATCO) under the 1D1F initiative, the factory has yet to achieve sustainable operations. “In spite of these interventions, several attempts to operationalize the factory have not been successful,” the Minister noted.

To break this cycle, the Minister announced that President John Dramani Mahama’s government has constituted a high-level IMC tasked with diagnosing and addressing the root issues hindering the factory’s viability.

The six-point Terms of Reference given to the IMC include conducting a technical assessment of the factory’s assets, reviewing its financial and business viability, evaluating the sugarcane raw material supply chain, identifying a credible strategic partner, reviewing the Ministry’s operational roadmap, and proposing a transition plan toward full operations.

Hon. Elizabeth Ofosu-Adjare underscored the broader national significance of the project: “The Komenda Sugar Factory holds the potential to create enormous jobs in the catchment area and cut down on the volume of sugar imports into the country.” She added that the Ministry is committed to supporting the IMC with the resources required to fulfill its mandate effectively.

ADVERTISEMENT

In his response the chairman of the IMC Kwame Owusu Sakyere expressed appreciation to the President and the Minister for Trade, Agribusiness and Industry for entrusting the committee with the tasks of reviewing the factory.
” We are honoured by the confidence response in us, he, we pledged to diligently work on the terms of reference and deliver with the timelines assigned to us”.
The IMC, chaired by Mr. Kwame Owusu Sekyere (Esq.), includes Ing. Douglas Mensah, Mr. John Doku, Lt. Col. (Rtd.) George Afful, and Mr. Ransford Vanni Amoah as members.

The Committee is expected to submit its preliminary findings and recommendations to the Ministry within eight weeks.

The inauguration of the IMC signals a renewed determination by the government to breathe life into one of Ghana’s key industrial initiatives and transform it into a sustainable source of employment and import substitution.

Previous Post

Tamale VRA/NEDCo Staff withdrew all services within the Metropolis following citizens’ attacks

Next Post

Finance Minister decries mismanagement at PBC, charges new Board to restore integrity and viability

Edzorna Francis Mensah

Edzorna Francis Mensah

Next Post
Finance Minister decries mismanagement at PBC, charges new Board to restore integrity and viability

Finance Minister decries mismanagement at PBC, charges new Board to restore integrity and viability

Please login to join discussion

Stay Connected test

  • 24k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
MPs Pay Last Respects to Keta MP’s Mother in Heartfelt Funeral

MPs Pay Last Respects to Keta MP’s Mother in Heartfelt Funeral

February 28, 2026
All Roads lead to Anlo-Afiadenyigba as Keta MP buries Mum this weekend

All Roads lead to Anlo-Afiadenyigba as Keta MP buries Mum this weekend

February 25, 2026
Ghana Law Society pays courtesy call on Speaker of Parliament

Ghana Law Society pays courtesy call on Speaker of Parliament

June 2, 2026
“ABORSCO has indeed arisen and continues to shine’-James Gunu

“ABORSCO has indeed arisen and continues to shine’-James Gunu

February 21, 2026
Kekeli Consult-Keta successfully hosted first edition of Community Legal Clinic Series

Kekeli Consult-Keta successfully hosted first edition of Community Legal Clinic Series

2
Beyond Regulation: Why Ghana Must Invest in State-Owned Gold Mines –African Development Council’s Perspective

Beyond Regulation: Why Ghana Must Invest in State-Owned Gold Mines –African Development Council’s Perspective

2
Works begin on Blekusu Sea Defense Project in Ketu South

Works begin on Blekusu Sea Defense Project in Ketu South

2
Rev Ntim Fodjour, your freedom after the speech should been taken away to prevent more lies

Rev Ntim Fodjour, your freedom after the speech should been taken away to prevent more lies

2
GAR Minister Defies “Administrative Tyranny,” Declares Public Development will not bow to Private Chaos

GAR Minister Defies “Administrative Tyranny,” Declares Public Development will not bow to Private Chaos

June 14, 2026
Free Speech and Public Order of Sections 207 and 208 of Act Act 29

Free Speech and Public Order of Sections 207 and 208 of Act Act 29

June 14, 2026
Year of Challenge: BoG records an operating loss of GH¢9.49 billion in 2024

Bank of Ghana Extends IMTO Registration Deadline to July 31, 2026

June 14, 2026
Ghana seeks review, legal remedies over Partey’s Canada Visa refusal

Ghana seeks review, legal remedies over Partey’s Canada Visa refusal

June 13, 2026

Recent News

GAR Minister Defies “Administrative Tyranny,” Declares Public Development will not bow to Private Chaos

GAR Minister Defies “Administrative Tyranny,” Declares Public Development will not bow to Private Chaos

June 14, 2026
Free Speech and Public Order of Sections 207 and 208 of Act Act 29

Free Speech and Public Order of Sections 207 and 208 of Act Act 29

June 14, 2026
Year of Challenge: BoG records an operating loss of GH¢9.49 billion in 2024

Bank of Ghana Extends IMTO Registration Deadline to July 31, 2026

June 14, 2026
Ghana seeks review, legal remedies over Partey’s Canada Visa refusal

Ghana seeks review, legal remedies over Partey’s Canada Visa refusal

June 13, 2026
FM News Online

Follow Us

Browse by Category

  • Economy
  • Editorial
  • Education
  • Entertainment
  • Governance
  • Health
  • ICT
  • International
  • News
  • Politics
  • Religion
  • Sports
  • Uncategorized

Recent News

GAR Minister Defies “Administrative Tyranny,” Declares Public Development will not bow to Private Chaos

GAR Minister Defies “Administrative Tyranny,” Declares Public Development will not bow to Private Chaos

June 14, 2026
Free Speech and Public Order of Sections 207 and 208 of Act Act 29

Free Speech and Public Order of Sections 207 and 208 of Act Act 29

June 14, 2026
  • Account
  • Blog
  • Contact
  • FM News Online
  • FM News Online
  • GTA collaborates with EOCO to clamp down on illegal travel, tour operations ahead World Cup
  • History
  • Home
  • Home 2
  • Home 3
  • Home 4
  • Home 5
  • Home 6
  • My Feed
  • My Interests
  • My Saves
  • Sample Page

© 2026 FM News Online - Designed and maintained by Evrywrk.

No Result
View All Result

© 2026 FM News Online - Designed and maintained by Evrywrk.