Mahama Orders Audit into Buipe Sheanut Factory's Finances

Mar 27, 2025 - 14:06

Mar 27, 2025 - 14:08

Mahama Orders Audit into Buipe Sheanut Factory's Finances

Ghana's President, John Mahama has Demanded Accountability Over Failed Sheanut Factory

Accra, Ghana - 27 March, 2025 - Ghana's President John Dramani Mahama has ordered a comprehensive audit into the finances of the Buipe Sheanut Factory, which has been non-operational for some time.

Ghana's Buipe Sheanut Factory, established in 2012 as a joint venture between the government and Sysgate Brazil Limited, initially aimed to boost sheanut products and create jobs in the Savannah region.

However, President Mahama alleges that the Akufo-Addo-led administration that took over in 2016 mismanaged the factory's funds and sold off its sheanut stock.

“…The factory was running well. It had capital, it had stock of shea nut, it was processing when the change of government happened. The new administration, new management were sent to the factory. They did not only spend the capital but the stock of shea nut that they could have processed to make more money.

“They sold to another factory and collected that money and spent that one too. After spending the capital and spending the stock of raw material, there was nothing else to spend, and so the factory had to shut down and lay people off. It is an example of what not to do when you manage public resources.

President Mahama stressed the need for accountability during a meeting with the Ghana Cocoa, Coffee, and Sheanut Farmers Association, calling for those responsible for the factory's downfall to be identified and held accountable.

“I believe that if that factory was private, it wouldn’t have been handled the way it was; it would still be running. So I agree with the secretary that we must audit that factory and identify those who are responsible for causing this financial loss to the state and bring them to book,” he stated.