The story of how JJ Rawlings allegedly sold Nsawam Cannery Plant to his wife

The late President Jerry John Rawlings allegedly sold the Nsawam Cannery Plant to his wife, Nana Konadu Agyemang Rawlings, according to Captain Smart, the anchor of the breakfast program on Onua TV.

J.J Rawlings was identified by Captain Smart in an editorial for his program’s June 21, 2023 episode as the Ghanaian leader that popularized the idea of privatizing state-owned firms.

He criticized Ghana’s authorities for allowing businesses founded by Kwame Nkrumah to fail and held them responsible for the nation’s current problems.

The firms founded by Kwame Nkrumah that have been sold by succeeding administrations were also mentioned by Captain Smart.

“Rawlings sold the Nsawam Cannery to his wife in order to damage the lives of Ghanaians who could have worked there and made a living. Nana Konadu Agyemang Rawlings purchased the business from Rawlings. It is currently a waste and useless.

They had to sell it to private persons because they claimed the government had no business establishing industries; but, why couldn’t the individuals handle it themselves? Additionally sold was the Aboso Glass Factory.

The tire factor in Ghana was likewise sold to a person who couldn’t handle it. Kwame Nkrumah’s ever-ready batteries have also been made available for purchase. The Kade factory was sold. Pastor Adom Kyei now uses it as a place of worship. Additionally, the Bolga Meat Factory was sold at a loss, he claimed.

On October 30, 2010, according to a GNA article from 2010, Nana Konadu Agyemang Rawlings officially opened the Nsawam Cannery Plant.

Nana Konadu revealed that the company was acquired in 1995 for GHC2.7 billion during the plant’s opening.

The Tema Oil Refinery is allegedly being sold to a private corporation called Torentco, according to Captain Smart.

The state refinery will be leased to Torentco Asset Management by the Board of the Tema Oil Refinery (TOR) and the government.

In accordance with the contract, Torentco Asset Management Group would pay $22 million to lease the refinery for a six-year term. Up to 8 million barrels of oil will reportedly be refined annually by the plant. The firm will also pay an additional $1.067 million in monthly rent on top of an additional $1 million in annual rent.

Source: Mynewsghana.com