Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3771

Deal #3771 Version #63519

Ghana

Created at

2013-05-31

Last update

2020-05-14

Land area

Intended size

21 000 ha

Size under contract (leased or purchased area)

[current] 14153.0 ha

Size in operation (production)

[2013] 8000.0 ha
[2020, current] 8755.0 ha

Comment on land area

Another source states 14153 ha. 8951 ha in Kwae and 5074ha at Okumaning. According to the company website, the Kwae estate has a total concession of 8,953 ha, of which approximately 5,205 ha are developed. The Okumaning estate has a total concession of 5200 ha, of which about 3,550 ha have been developed

Intention of investment

[current] Non-food agricultural commodities, Agriculture unspecified

Comment on intention of investment

Oil palm and rubber

Nature of the deal

Lease

Negotiation status

[current] Concluded (Contract signed)

Comment on negotiation status

Okumaning Estate was acquired in 1991. Lease renewed in 2008.

Implementation status

[1995, current] In operation (production)

Comment on implementation status

Plantation started in 1975 as state-owned operation

Contract farming

Yes

Not on leased / purchased (out-grower)

Yes

Not on leased area/farmers/households (out-grower)

[current] 13700.0 ha

Comment on contract farming

provides financial (soft loan to be repaid after 7 years) and technical support to 7,000 farmers, who cultivate a total of 13,700 hectares of oil palm.