\n
The Ranking Member on the Trade and Industry Committee and MP for Bole Bamboi, Yusif Sulemana, has expressed significant concerns regarding the government\u2019s possible plan to lease the Komenda Sugar Factory to the Indian company, West Africa Agro Limited, for a duration of 15 to 20 years.<\/strong><\/p>\nThe factory is currently undergoing a test run in preparation for full production. During a recent visit, Trade and Industry Minister Kobina Tahiru Hammond announced that the government intends to lease the facility to West Africa Agro Limited, with an option for renewal, as part of an effort to revive its operations and meet domestic demand.<\/p>\n
The Komenda Sugar Development Company\u00a0Limited, founded in 1964, has faced numerous challenges, including interruptions in production.<\/p>\n
Despite investments from the Indian Export-Import Bank and previous funding from the NDC government, the\u00a0factory\u00a0has not yet met its operational goals.<\/p>\n
In an interview with Citi FM, Mr Sulemana criticized the lack of disclosure to Parliament regarding this decision and called for Trade Minister K.T. Hammond to be summoned to address the issue.<\/p>\n
With Parliament currently in recess, Mr Sulemana plans to release a statement questioning the Trade Minister\u2019s plans for the factory.<\/p>\n
He underscored that the factory\u2019s goals remain unfulfilled under the current administration and stressed the need for Parliament to be informed about any decisions affecting its future.<\/p>\n
tigpost.co <\/p>\n
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The Ranking Member on the Trade and Industry Committee and MP for Bole Bamboi, Yusif Sulemana, has expressed significant concerns regarding the government\u2019s possible plan to lease the Komenda Sugar Factory to the Indian company, West Africa Agro Limited, for a duration of 15 to 20 years. The factory is currently undergoing a test run […]<\/p>\n","protected":false},"author":1,"featured_media":205684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-205683","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
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