Beat sugar, eggs and oil until light and fluffy. Purée beets in blender until smooth. Beat into egg mixture.
Blend flour, baking powder, pumpkin pie spice, ginger and salt. Fold flour mixture and orange rind into batter, mixing well. Turn batter into a grease and floured loaf pan. Bake at 350° F for 1 hour.
Combine and simmer over low heat until thickened. Pour over while bread is warm. Serve with cream cheese.
Servings: Makes 1 loaf