{"id":205975,"date":"2024-08-03T10:24:19","date_gmt":"2024-08-03T10:24:19","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/08\/03\/ghana-to-receive-over-1m-yearly-kt-hammond\/"},"modified":"2024-08-03T10:24:19","modified_gmt":"2024-08-03T10:24:19","slug":"ghana-to-receive-over-1m-yearly-kt-hammond","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/08\/03\/ghana-to-receive-over-1m-yearly-kt-hammond\/","title":{"rendered":"Ghana to receive over $1m yearly \u2013 KT Hammond \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Kobina Tahiru Hammond, the Minister of Trade and Industry, has addressed payment concerns surrounding the lease of the Komenda Sugar Factory to West Africa Agro Limited, an Indian-based firm.<\/strong><\/p>\n<p>According to him, Ghana will not pay the company but rather receive a yearly rent payment of over one million dollars.<\/p>\n<p>K. T. Hammond\u2019s clarification comes after the Ranking Member on the Trade and Industry Committee, Yusif Sulemana, expressed concerns that Parliament was not informed of the decision and alleged that the company would be paid $50,000 monthly for management services.<\/p>\n<p>Speaking on Citi FM\u2019s Eyewitness News, the Trade Minister dismissed the claim, stating that the company will pay Ghana a yearly rent, which is currently set at over one million dollars.<\/p>\n<p>He explained that this payment will be made annually for the duration of the lease, which can be extended if the company chooses to do so.<\/p>\n<p>\u201cSo at the commencement of the agreement to let them lease it, they would be paying us a yearly rent. The company will be paying us, I\u2019ve said that it is over a million dollars. I\u2019ve agreed on a figure which is, for now, a little more than one million dollars a year.\u201d<\/p>\n<p>\u201cThey will pay us for the year that they\u2019ll be leasing it. At the end of it, if they are still interested, they could extend the period that they leased and keep on paying us the year\u2019s rent until they give it back to us.\u201d<\/p>\n<p>citinewsroom.com  <\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kobina Tahiru Hammond, the Minister of Trade and Industry, has addressed payment concerns surrounding the lease of the Komenda Sugar Factory to West Africa Agro Limited, an Indian-based firm. According to him, Ghana will not pay the company but rather receive a yearly rent payment of over one million dollars. K. T. Hammond\u2019s clarification comes [&hellip;]<\/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-205975","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ghana to receive over $1m yearly \u2013 KT Hammond \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/08\/03\/ghana-to-receive-over-1m-yearly-kt-hammond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana to receive over $1m yearly \u2013 KT Hammond \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Kobina Tahiru Hammond, the Minister of Trade and Industry, has addressed payment concerns surrounding the lease of the Komenda Sugar Factory to West Africa Agro Limited, an Indian-based firm. According to him, Ghana will not pay the company but rather receive a yearly rent payment of over one million dollars. K. T. Hammond\u2019s clarification comes [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/08\/03\/ghana-to-receive-over-1m-yearly-kt-hammond\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-03T10:24:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/08\/Komenda-Sugar-Factory.webp.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"392\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/08\\\/03\\\/ghana-to-receive-over-1m-yearly-kt-hammond\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/08\\\/03\\\/ghana-to-receive-over-1m-yearly-kt-hammond\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Ghana to receive over $1m yearly \u2013 KT Hammond \u2013\",\"datePublished\":\"2024-08-03T10:24:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/08\\\/03\\\/ghana-to-receive-over-1m-yearly-kt-hammond\\\/\"},\"wordCount\":260,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/08\\\/03\\\/ghana-to-receive-over-1m-yearly-kt-hammond\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Komenda-Sugar-Factory.webp.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/08\\\/03\\\/ghana-to-receive-over-1m-yearly-kt-hammond\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/08\\\/03\\\/ghana-to-receive-over-1m-yearly-kt-hammond\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/08\\\/03\\\/ghana-to-receive-over-1m-yearly-kt-hammond\\\/\",\"name\":\"Ghana to receive over $1m yearly \u2013 KT Hammond \u2013 - 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