Komenda Sugar Factory Stop wasting money on the sugar factory, Kofi Bentsil tells gov't

The Vice-President policy think-tank of IMANI Ghana Kofi Bentil said he was convinced there is “no way that factory is going to produce sugar at a commercial price.”

  • Published:
Stop wasting money on the sugar factory, Kofi Bentsil tells gov't play

Stop wasting money on the sugar factory, Kofi Bentsil tells gov't

24/7 Live - Subscribe to the Pulse Newsletter!

The Vice-President policy think-tank of IMANI Ghana has advised the government not to invest any more money into the Komenda Sugar factory in the Central region.

This factory has been shut down for close to two years.

In an interview with Accra-based Joy FM, Kofi Bentil said he was convinced there is “no way that factory is going to produce sugar at a commercial price.”

READ ALSO: Fathers don’t need one-month paternity leave – Minister

“This government should not spend one dollar more on that factory at Komenda...any dollar you spend on that factory is wasted.”

Stop wasting money on the sugar factory, Kofi Bentsil tells gov't play

Stop wasting money on the sugar factory, Kofi Bentsil tells gov't

 

He argued that the world is gradually getting tired of sugar due to its associated health issues.

He questioned the rationale of entering into a venture which others like Brazil are leaving.

READ MORE: Shop owners near Akufo-Addo’s Nima residence asked to vacate

Mills in Brazil are shutting down because of falling sugar prices on the international market.

Kofi Bentil’s position on the Komenda Sugar Factory has not changed when the erstwhile Mahama government announced the revamp of the company.

Stop wasting money on the sugar factory, Kofi Bentsil tells gov't play

Stop wasting money on the sugar factory, Kofi Bentsil tells gov't

 

When in May 2016 President John Mahama commissioned the factory, Kofi Bentil predicted it would produce more propaganda than sugar because there were no feasibility studies backing the viability of the project.

In a case of I-told-you-so, the factory built through a $35million Indian bank facility has not been running for the last two years.

Meanwhile, researchers from the University of Cape Coast (UCC) have indicated that the factory may not begin operation soon.

The management of the factory could muster only16,000 tonnes of sugar cane to feed a facility that needs 300,000-tonnes to run on an annual basis, the researchers found.

The factory when it begins operating at full capacity will provide 7,300 jobs

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions public againbullet
2 Fiscal Policy Ghana's total debt hits $145 billionbullet
3 Microfinance Akufo-Addo speaks on DKM microfinance scandalbullet
4 Gas Retailers Strike Here is a list of places to buy gas as other...bullet
5 NaBCo Here's what you need to apply for the Nation Builders Corpsbullet
6 Cylinder Circulation Policy LPG retailers begin strikebullet
7 Salaries In 2018 Here are the dates public workers will be...bullet
8 Petroleum Operators Strike Be calm; there’s no gas...bullet
9 Menzgold Ghana Investment company closes down its Gold...bullet
10 Prisons Recruitment Prison Service extends recruitment...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Bozoma Saint John 10 quotes from Uber top official, Bozoma, that...bullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Support Finance minister buys Kantanka carbullet
7 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
8 Plane Crash Starbow suspends operations following plane crashbullet
9 Entrepreneurship Failure- How To Deal With It |...bullet
10 Entrepreneurship How to be resourceful as an entrepreneurbullet

Business