Company type | Public |
---|---|
Industry | Sugar industry |
Founded | Founded in 1964 |
Headquarters | Komenda Cape Coast, Central Region, Ghana |
Products | Sugar |
Komenda Sugar Development Company Limited [1] (also known as Komenda Sugar Factory) is a Ghanaian factory established in 1964 and its operations ground to a halt in the early 1990s. This was due to poor management and technical issues. [2]
In 2016, Government secured a $35 million loan from the Indian Export-Import Bank, followed by an additional $24 million investment to revamp the operations of the sugar factory. [3]
The sugar factory collapsed and it was inaugurated by the erstwhile John Mahama government in 2016. [4] [5] [6] This was made possible by a loan facility of 35 million dollars from an Indian EXIM Bank. [7]
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