Deal #3389

Location #1

Spatial accuracy level
Coordinates
Location
Asubima Forest Reserve, Ghana

Latitude
7.386369
Longitude
-1.857656
Target country
Ghana
Comment on location
Asubima Forest Reserve Akumadan, Ghana

Land area

Intended size (in ha)
20000
Size under contract (leased or purchased area, in ha)
[2012] 3500
Size in operation (production, in ha)
[2012] 3500
Comment on land area
Anno 2012, 3,500 hectares have been reforested and an average expansion of 1,000 to 2,000 hectares per year is foreseen. Another data source states 3469ha.

Intention of investment

Intention of the investment
Timber plantation (for wood and fibre), For carbon sequestration/REDD
Comment on intention of investment
commercial harvest of teak timber and planting of native tree species

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
Form Ghana has a long-term land lease agreement with traditional land owners and the Government of Ghana to restore productive forest in the degraded forest reserves.

Negotiation status

Negotiation status
[2007] Concluded (Contract signed)

Implementation status

Implementation status
[2010] In operation (production)

Contract farming

Contract farming
Yes
On leased / purchased area
Yes
On leased / purchased area (in ha)
1000
On leased / purchased farmers
200
Comment on contract farming
Unique cooperation with local farmers. In the area of the forest reserve managed by Form Ghana, illegal farming was widespread. This was mainly practiced by migrants from the north that do not have easy access to land outside the reserve. Form Ghana offers these illegal farmers the option to participate in an intercropping system. During the first 2 years after tree planting farmers can plant their annual food crops, like maize, okra or tomatoes, in between the seedlings. This is a win-win situation as Form Ghana gets free weeding between the seedlings and the farmers get free land for farming. Farmers were skeptic at first, but now intercropping is becoming more popular. In 2011, more than 200 intercropping agreements were signed between farmers and the company, covering over a 1,000 hectares. The plantation outgrower schemes provides extra opportunities for local smallholders to generate income. In this scheme, smallholders are offered input and technical assistance to plant some of their land with teak.

Number of domestic jobs created

Jobs created (domestic)
Yes
Current number of jobs (domestic)
[2012] 500
Current number of employees (domestic)
[2012] 200
Current number of daily/seasonal workers (domestic)
[2012] 300
Comment on jobs created (domestic)
Employees are offered a safe and healthy working environment, with good employment terms, favourable (health) insurance and retirement conditions. Free meals and transportation are provided to the employees. They also receive training in firefighting, safety-regulations, first aid, silvicultural and reduced impact logging practices.

Operating company

Operating company
Comment on investment chain
Form Ghana Ltd. is a forest plantation management company based in central Ghana that provides services in the field of reforestation of degraded Forest Reserves and plantation management. The company was established by Paul Hol in 2007, as a daughter company of Dutch forestry consultancy Form international, in close cooperation with Wienco Ghana Ltd.

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

Data source #1

Data source type
Company sources
File

Data source #2

Data source type
Media report
File
Date
2013-03-12
Comment on data source
Wall Street Online- Form Ghana First to Earn VCS Verification in West Africa

Data source #3

Data source type
Company sources
File
Comment on data source
Monitoring report 2015. Asubima & Afrensu Brohuma Forest Reserves

Data source #4

Data source type
Research Paper / Policy Report
File
Publication title
Identifying large-scale land acquisitions and their agro-ecological consequences : a remote sensing based study in Ghana

Promised or received compensation

Promised compensation (e.g. for damages or resettlements)
A benefit sharing agreement has been signed, ensuring that 10% of the revenues flow back to the Forestry Commission, traditional landowners and the local communities.

Promised benefits for local communities

Promised benefits for local communities
Other
Comment on promised benefits for local communities
During the first 2 years after tree planting farmers can plant their annual food crops, like maize, okra or tomatoes, in between the seedlings.

Former land owner (not by constitution)

Former land owner
State

Former land use

Former land use
Forestry
Other
Comment on former land use
Land was previously degraded by overharvesting, bush fires, and conversion to agricultural land.

Former land cover

Former land cover
Forest land
Marginal land
Comment on former land cover
Asubima Forest Reserve

Detailed crop, animal and mineral information

Crops area
Teak, Trees (unspecified)

Use of produce

Has domestic use
Yes
Has export
Yes

In country processing of produce

In country processing of produce
Yes

Overall comment

Overall comment
Company is working closely with local people and with its reforestation program Form Ghana is the first to earn VCS verification in West Africa .

Jan. 31, 2019, 1:52 p.m.

overwritten

This version

Compare with previous version

June 14, 2018, 1:34 p.m.

overwritten

Show this version

Compare with previous version

May 4, 2016, 5:05 p.m.

overwritten

Show this version

Compare with previous version

May 16, 2013, 2:06 p.m.

overwritten

Show this version

Compare with previous version

March 18, 2013, 11:17 a.m.

overwritten

Show this version

Compare with previous version

March 18, 2013, 11:11 a.m.

active

Show this version

First version

There are no comments to this deal yet.

Add a comment

(mandatory)
(mandatory)
(mandatory)

I've read and agree to the Data Policy.