July 15, 2024 3:41 pm

Mahama constructed the roof before building the foundation – Akufo-Addo on Komenda Sugar Factory

President of the Republic, Addo Dankwa Akufo-Addo, has stated that his predecessor, John Dramani Mahama’s decision to build the Komenda Sugar factory, without first establishing a sugarcane plantation, betrays every principle of construction.

“It is like building a house, and say you are going to start from the roof before you have a foundation. How does the house get built? You’re going to start from the roof, when you haven’t built the foundation?” President Akufo-Addo asked.

According to the President, “You would think that every industrial activity would begin with, first of all, what you want to do, what you want to produce. Once you identify that, then clearly, your next step has to be what are the inputs, what are the things that you need to be able to feed into your factory, to get to your outputs and you are therefore to be satisfied when you start producing your production, those inputs are there.”

But this, he said, is not John Mahama’s way of doing things, as “he will rather build the roof, once the roof has been built then he will come down and then build the foundation. You know that a house built on that principle will collapse, just as Komenda collapsed.”

The President made this known on Monday, October 18, 2021, during an interview on Eagle FM, at the commencement of his 2-day working visit to the Central Region, in response to comments made by the former President last Friday.

It will be recalled that during an interview on Cape FM, former President Mahama stated that “I’m not that foolish to set up a factory and have no plan for the provision of raw materials. I knew what the vision was. It was to get the raw materials first.”

Towards the revival of the factory, the President revealed that a Strategic Investor, Park Agrotech Ghana Limited, had been selected as the preferred Strategic Investor for the Komenda Sugar Factory, and their recommendation was approved by Cabinet.

However, negotiations between the Transaction Advisor (Price Water House) and the Strategic Investor have been unduly prolonged due to a number of demands made by the Strategic Investor, as well as the effects of the Covid-19 Pandemic, which restricted consultations between the investor and the Transaction Advisor.

President Akufo-Addo was expectant that the Komenda Sugar Factory will commence commercial production in the first quarter of 2022.

Source: Jubilee House Communications

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