Minority accuses government of scheming to sell Komenda Sugar Factory to cronies at devalued price

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The Minority in Parliament has alleged that government deliberately neglected the Komenda Sugar Factory to deteriorate in order to sell the factory at a reduced price to its cronies, ABC News can report.

The Minority noted the sugar factory could have been sustained and maintained if the Akufo-Addo government had invested in the facility when they came to power to prevent it from depreciating.

Speaking to the media on Thursday, Deputy Ranking Member for the Committee on Trade and Industry, Yussif Sulemana, said “this is a project we borrowed over $37million dollars to revive it and today you are selling the factory at $28million. What happens to the difference? How are we going to pay the rest of the money?”

He continued, “there is a strategy to allow the factory deteriorate so that it could be sold at a knocked down price to cronies and friends and that is what we have seen.”

The MP, therefore, accused the government, particularly, the Trade and Industry Ministry for being responsible for the neglect of the factory which has resulted in the loss of some critical components of the structure.

“How can you claim to bring on board more factories when you are collapsing existing ones?” he quizzed.

The Deputy Ranking Member for the Committee on Trade and Industry promised the Minority will investigate the processes through which the Park Aggrotech Company Limited won the bid for the purpose of transparency and accountability.

The government announced on Tuesday that a strategic investor is willing to invest $28 million into the Komenda Sugar Factory, which has never been operational since it was commissioned by Former President John Dramani Mahama in 2016.

This has been largely attributed to the poor provisions put in place by the government at the time, led by John Mahama, to ensure constant supply of raw materials and develop a sustainability plan to keep the business viable.

Park Aggrotech Company Limited, a subsidiary of the Skylark Group of companies, from India, won the bid to manage the sugar factory and revamp its operations.

There are, however, calls for government to make public details of the agreement reached with the investors.

Source: ABCNewsGh.com

 

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