{"id":206947,"date":"2024-08-07T11:59:49","date_gmt":"2024-08-07T11:59:49","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/08\/07\/govts-decision-to-lease-komenda-sugar-factory-reveals-inability-to-manage-franklin-cudjoe\/"},"modified":"2024-08-07T11:59:49","modified_gmt":"2024-08-07T11:59:49","slug":"govts-decision-to-lease-komenda-sugar-factory-reveals-inability-to-manage-franklin-cudjoe","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/08\/07\/govts-decision-to-lease-komenda-sugar-factory-reveals-inability-to-manage-franklin-cudjoe\/","title":{"rendered":"Govt\u2019s decision to lease Komenda Sugar Factory reveals inability to manage \u2013 Franklin Cudjoe \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Founding President of IMANI Africa, Franklin Cudjoe, has reacted to the government\u2019s decision to lease the Komenda Sugar Factory.<\/strong><\/p>\n<p>In his view, the move demonstrates their inability to manage the facility. Instead, he advocated for handing it over to the private sector.<\/p>\n<p>His comments follows Trade and Industry Minister K. T. Hammond\u2019s announcement of plans to lease the factory to West African Agro Limited, an Indian-based firm, for a renewable term of 15 to 20 years.<\/p>\n<p>The Minister revealed this during a visit to the factory in Komenda Municipality. He explained that, the lease aims to revitalize the factory\u2019s struggling operations.<\/p>\n<p>Although the government has approved the lease agreement, final details are still pending.<\/p>\n<p>In an interview on Adom FM\u2019s morning show\u00a0<strong>Dwaso Nsem<\/strong>, Wednesday, Mr. Cudjoe argued that the project was under-capitalized from the start.<\/p>\n<p>He revealed the failure of government-sponsored enterprises, attributing it to \u201cjust greed.\u201d<\/p>\n<p>The IMANI boss expressed a strong belief in the private sector\u2019s ability to manage such projects better.<\/p>\n<p>Mr. Cudjoe criticized both the NDC and NPP governments, stating, \u201cIt was clear from day one that the NDC didn\u2019t do their work well, and the NPP has also collapsed it. We need a full audit before any leasing happens.\u201d<\/p>\n<p>He further insisted that the government should not be involved in leasing but rather guarantee a private sector actor to invest.<\/p>\n<p>\u201cThe state should not be doing these types of things.\u201d<\/p>\n<p>The IMANI President also said the Komenda Sugar Factory was not over-valued and pointed out that the lack of adequate raw materials contributed to its collapse.<\/p>\n<p>adomonline.com  <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Founding President of IMANI Africa, Franklin Cudjoe, has reacted to the government\u2019s decision to lease the Komenda Sugar Factory. In his view, the move demonstrates their inability to manage the facility. Instead, he advocated for handing it over to the private sector. His comments follows Trade and Industry Minister K. T. Hammond\u2019s announcement of plans [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":164838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-206947","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>Govt\u2019s decision to lease Komenda Sugar Factory reveals inability to manage \u2013 Franklin Cudjoe \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\/07\/govts-decision-to-lease-komenda-sugar-factory-reveals-inability-to-manage-franklin-cudjoe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt\u2019s decision to lease Komenda Sugar Factory reveals inability to manage \u2013 Franklin Cudjoe \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Founding President of IMANI Africa, Franklin Cudjoe, has reacted to the government\u2019s decision to lease the Komenda Sugar Factory. 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