Government has declared its intention to lease the Komenda Sugar Development Company Limited to an Indian-based firm, West Africa Agro Limited, for a renewable term of 15 to 20 years.
This, is what residents of the town have vowed to protest against, insisting they want the company to be fully owned by the State.
Trade and Industry Minister, Kobina Tahir (K.T.) Hammond, has indicated that government intends to give out the company to a private firm to revive its operation to meet domestic demand.
He made the declaration during a working visit to the site Thursday, August 01, 2024. This followed the National Democratic Congress’ flag bearer’s promise to the Central Regional House of Chiefs of his intentions to revive the company if re-elected.