Why devalue $35m Komenda Sugar Factory to $12m? – Atta Mills

The Member of Parliament for Komenda Edina Eguafo Abirem Constituency, Mr Samuel Atta Mills, has expressed anger over what he says is the devaluation of the $35-million Komenda Sugar Factory to $12 million by the government of Ghana.

The factory was revamped and inaugurated by the erstwhile Mahama administration in 2016 and closed down in June of the same year and has since remained dormant.

The Akufo-Addo government has cited a number of reasons for the factory’s dormancy, including an improper implementation plan and insufficient raw materials to feed the plant, among others.

The brother of late President John Evans Atta Mills wondered how, within a year, the value of the factory could plummet by $23 million as plans are afoot to hand it over to a strategic investor by close of April 2019.

In Mr Mills’ view, the Auditor-General and the Special Prosecutor's office must investigate the matter.

“We cannot sit down for these things to happen. If somebody was to steal two goats and a chicken, we all know how many years this person will get [in jail], but I am basing my conclusion on this: that if it is true that it has been valued at $12 million, we need to be very worried in this country,” he said.

“Why should it always be on acquiring wealth in illegal ways?” he questioned.