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Thursday, 04 September 2014

Ghana Sugar Plantations to Gain Investment From Mauritius Firm

A Mauritian energy and manufacturing firm, Omnicane, is set to invest about US$250 million in various sugar plantation projects in Savelugu in the Northern Region, following the conclusion of a test that proved the project’s commercial and production viability.
The five-year project, which is planned to produce more than 100,000 tonnes of refined sugar annually, is expected to yield job prospects for residents in one of the most poverty-endemic areas in the country.
The Northern Regional Minister, Alhaji Mohammed Limuna Muniru, told the B&FT that a number of training programmes have been put in place to enhance the people’s skill-sets ahead of the project’s start.
“Efforts are being made to train more of the youths who will be engaged to discharge their duties well, ensuring that the raw materials produced from the region meet international standards to attract more investors that will contribute their quota to enhancement of the region,” he said.
Sugarcane remains Mauritius’ leading sector in terms of exports, employment and share of gross domestic product. Sugarcane is grown on about 90 percent of the cultivated land area of that country, and accounts for 15 percent of export earnings.
Alhaji Muniru observed that Omnicare’s participation in the sugar plantation business will help Ghana develop its sugarcane industry.

Source: afkinsider.com