President John Dramani Mahama, has broken ground for the reconstruction of the Komenda Sugar Factory.
The Factory which was established by Ghana’s first president, Dr Kwame Nkrumah, folded up in the 80s.
Yesterday, President Mahama announced a $36.5 million joint venture, between the government of Ghana and the Indian government that will see to the resuscitation of the company.
Multi TV’s Gifty Andoh Appiah, who was in Komenda reported that the Indian government contributed $35 million of the total sum.
The project is expected to be completed in 24 months.
Addressing chiefs and people of Komenda, the president said, the project has a capacity to produce 1,250 sugarcanes out of which 125 tonnes of pure white sugar would be produced.
“It’s a major integrated sugarcane project,” he pointed out.
The president said, the project would also produce 3 megawatts of electricity, out of which two shall be used to run the sugarcane plant.
An estimated 1,300 jobs are expected to be created for industrial workers and small holder farmers, while 5,000 indirect jobs are also expected to be generated.
The Acting Indian High Commissioner, Agamesh Kamar said, the project was a symbol of Indian’s strong relations with Ghana.
He said, the two countries would work side-by-side for the mutual development of the two countries.
Employment Minister, Haruna Iddrisu, said with the establishment of the company, there would be economic progress, socio-economic development and a patronage of made in Ghana goods.
He said the factory, when completed would make Ghana a net exporter of sugar.