Gov’t Seeking Strategic Investor to Operationalise Komenda Sugar Factory
The government says it has engaged the services of a Transaction Advisor to attract a strategic investor for the operationalisation of the Komenda Sugar Factory.
Answering questions on the floor of Parliament on February 17, 2026, the Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, said this was being done with provisions made in the 2026 Budget.
In addition, she said the Government constituted an Interim Management Committee to conduct a comprehensive technical and financial assessment and develop a sustainable turnaround roadmap.
The Factory was commissioned in 2016 to serve as a major agro-industrial enclave with the capacity to process 1,250 metric tonnes of sugarcane daily.
She acknowledged its enormous potential to create jobs and stimulate economic growth in the Central Region and beyond.
Ghana Automotive Component Manufacturing Development Policy
Ofosu-Adjare further updated Parliament on the status of the draft Ghana Automotive Component Manufacturing Development Policy, a key pillar of the country’s Industrial Transformation Agenda.
The policy, she indicated, is designed to attract investment into vehicle component manufacturing, strengthen standards, build technical skills, and integrate local enterprises into regional and global value chains under the African Continental Free Trade Area.
According to the Minister, the draft policy has been circulated to relevant ministries for input, and discussions will soon be held with the Minister for Finance, Hon. Cassiel Ato Forson, to align proposed incentives before submission to Cabinet.
She emphasised that the policy presents a significant opportunity to deepen industrialisation, create skilled jobs, expand exports and position Ghana as West Africa’s automotive hub.
New factories
The Minister announced that the Cabinet had approved the establishment of two new cashew factories in the Bono and Bono East regions.
In addition, she said the Ministry was pursuing the establishment of 3 new garment factories through Public-Private Partnerships as well as the revitalisation of key industrial assets to boost production and job creation.
She said this while reaffirming the government’s commitment to building a resilient, inclusive and export-driven economy that creates jobs, strengthens local industry, and secures Ghana’s place as a competitive industrial hub in Africa.
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