The Akufo-Addo government has appear that it is finalising a 20-year charter adjustment with a new broker to inject funds into the Komenda Amoroso Development Aggregation Limited to restore and advance its operations.

The factory, congenital in 1964, became asleep over 30 years ago due to abstruse difficulties and mismanagement.

Previous governments accept abominably approved to operationalise the branch and accommodate jobs to the abundant unemployed adolescence in Komenda and surrounding areas.

GhanaWeb examines the two times in eight years the government has approved to restart Dr. Kwame Nkrumah's bequest project.

June 2019

In June 2019, the administration, through the Admiral of Trade and Industry, appear that it had active an acceding with Park Agrotech Ghana Limited, a aggregation congenital in Ghana and operating in the agribusiness sector, to accomplish the asleep Komenda Amoroso Factory.

It followed the acknowledged achievement of the bid appraisal activity by the transaction adviser and a advocacy fabricated for application by the admiral and Cabinet afterwards the identification of a cardinal broker with the requisite abstruse and banking accommodation to accomplish the branch calmly and profitably.

Park Agrotech was to advance $28 actor in basic bulk and alive capital, including advantageous an anniversary acknowledgment fee of $3.3 actor for 15 years.

Then Minister for Trade and Industry, Alan Kyerematen, on June 3, 2020, promised that Park Agrotech would activate a absolute affairs of activity to accompany the branch to activity as anon as restrictions on all adopted campaign from the COVID-19 communicable were aerial and all accordant approvals had been secured.

But afterwards Ghana aerial biking restrictions from September 1, 2020, the Komenda Amoroso branch remained idle, with abounding of the apparatus genitalia rusting.

Considering the huge bulk of money Park Agrotech had to absorb to animate the factory, the ability was larboard idle.

2024

The Akufo-Addo government in 2024, has already afresh accomplished moves to accept the branch active by finalising a 20-year charter adjustment with a new investor, West Africa Agro Limited, to accomplish the facility.

Kobina Tahir Hammond, Trade and Industry Minister, fabricated the advertisement on Wednesday, July 31, 2024, afterwards visiting the amoroso mill, which has not been operating for added than seven years back its commissioning.

The new company, West Africa Agro Limited, is now importing some 550 tonnes of raw amoroso and adorning it into sulfurless white sugar, with the aim to aftermath sugarcane amoroso in three years.

K.T Hammond said the government has invested about GH¢45 actor to put the aggregation in shape, arch to the broker cogent absorption in active the amoroso factory.

"We're leasing our assets to the company, which is activity to assignment on it and pay us at the end of the day... I am cerebration of leasing it to them for 15 to 20 years with an advantage of extension.

"Initially, they're bringing awkward amoroso to refine, and from the documentation, we should be assured some aesthetic amoroso [from sugarcane production]; it will booty about three years," K.T Hammond said.

The Member of Parliament for Adansi Asokwa added that the arrangement would ensure that afterwards the three-year period, abundant sugarcane would accept been able on some accessible 31,000 hectares of acreage at assorted places, including 6,000 hectares on the activity site.

This would aftereffect in the all-encompassing operation of the factory, catastrophe raw amoroso adorning to accomplish allowance for sugarcane to be candy into sulfurless white amoroso at the plant.

KA/AE

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