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Alan hasn’t sold Komenda Sugar Factory farm land to Akpeteshie distillers – Trade Ministry

The Minister of Trade and Industry, Alan Kyeremanten, has denied selling 125 acres of Komenda Sugar Development Company lands to Akpeteshie distillers.

In response to statements made by Ransford Chatman Vanni-Amoah, the former Secretary of the Komenda Sugar Project Management Board, the Ministry declared it “does not plan to transfer any plot of property belonging to the corporation.” 

The “allegation is totally untrue and is purposefully meant to create disaffection and distrust towards the administration, notably the Hon. Minister [Alan Kyeremanten] for that matter,” according to the court.

The Ministry added that “both the Minister and the Ministry do not have the legal capacity or authority to initiate, negotiate and conclude the sale and transfer of any stool land assigned to the company, as falsely alleged in the said publication.”

Mr. Vanni-Amoah must also apologize and withdraw his remarks.

The statement ended, “The Ministry takes this opportunity to reassure the Chiefs and People of Komenda Traditional Area that the Komenda Sugar Factory would be restored back into productive operation, as His Excellency the President strongly stated during his recent trip of the Central Region.”

Komenda Sugar Factory’s Problems
Because of its image as a white elephant, the Komenda Sugar Factory continues to be a source of contention.

It was opened in May 2016 by then-President John Mahama after being constructed for $35 million with the help of an Indian EXIM Bank loan.

Along the value chain, the plant was planned to employ 7,300 people, expanding job opportunities in the Komenda-Edina-Eguafo-Abirem municipality.

After years of inactivity, the government said in June 2020 that the COVID-19 pandemic’s ban on overseas travel had delayed the Komenda Sugar Factory’s rebirth.

A year before the pandemic, Cabinet approved Park Agrotech as the strategic investor to revive the factory after a technical audit by Price Waterhouse Coopers.

Park Agrotech has a financial commitment of US$28 million to the project.

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