Government Seeks Investor To Revive Komenda Sugar Factory- Trade Minister.

Government Seeks Investor To Revive Komenda Sugar Factory- Trade Minister- Princess Adoma Danquah.

Minister for Trade, Agribusiness and Industry Elizabeth Ofosu-Adjare says government is seeking a strategic investor to revive the Komenda Sugar Factory, a long-stalled agro-industrial project, as it intensifies efforts to rebuild domestic manufacturing capacity and expand exports.

Answering questions in Parliament on Hon. Ofosu-Adjare said her ministry has prioritized the engagement of a transaction adviser to structure an investment deal for the Central Region plant, with provisions included in the 2026 budget to support full operationalization.

The Komenda Sugar Factory, commissioned in 2016, was designed to process 1,250 metric tonnes of sugarcane daily and serve as a major agro-industrial enclave. However, the facility has struggled for years with what the minister described as technical, financial and operational challenges that have prevented sustained production.

Hon. Elizabeth Ofosu-Adjare said government has set up an interim management committee to conduct a technical and financial assessment and develop a turnaround roadmap. She said she visited Komenda after taking office to engage chiefs, farmers and other stakeholders.

The minister also updated lawmakers on progress toward a Ghana Automotive Component Manufacturing Development Policy, which she said is intended to attract investment into vehicle parts production, strengthen standards, build technical skills and integrate local firms into regional and global supply chains under the African Continental Free Trade Area.

She said the draft policy has been circulated to relevant ministries for input and the government will hold discussions with Finance Minister Cassiel Ato Forson to align proposed incentives before the policy is submitted to Cabinet.