Business News of Thursday, 13 July 2017
Government has hinted of plans to seek international assistance to boost the sugar industry in the country.
This follows the failure of the Komenda sugar factory to start operations after its commissioning last year.
Speaking to Citi Business News on the matter, Former Minister of State and Presidential Staffer, Dr Abdel Majeed Haroun said Ghana will most likely partner with Kenana sugar factory which is currently the number one producer of sugar in Africa.
“Kenana is the largest sugar company in Africa and certainly the number three in the world and when it comes to integrated sugar production they are number one”
Dr. Majeed added that Ghana would highly benefit from their expertise to enable the industry to grow.
“They have integrated both live stock crops and sugar, so they have a lot to share with us and how best to run the factory and Ghana has got vast field to accommodate a big factory and the needed farm lands.
Dr Majeed assured that the mistakes which led to the collapse of the Komenda Sugar Factory would not repeated in the operations of a new factory.
“Making reference to the Komenda sugar factory as soon as that was inaugurated I said to myself that that was going to collapse because I did not see the kind of sugar cane fields that were used to back up the country and you don’t establish a factory before you look for sugar cane. Sugar cane takes 72 hours to disintegrate to fructose so if you don’t have the sugar cane next to the factory by the time you carry it from far away there is no more sugar, this cannot happen again”.