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

Deal #3771 Version #63521

Ghana
Created at
2013-05-31
Last update
2020-06-08

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 8,060ha oil palm, 763ha rubber, 675ha conservation

Intention of investment

Intention of investment
  • [current] Non-food agricultural commodities, Agriculture unspecified, Conservation
Comment on intention of investment
Oil palm and rubber. 8% of the concession is conservation area.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [current] Concluded (Contract signed)
Comment on negotiation status
Okumaning Estate was acquired in 1991. Lease renewed in 2008.

Implementation status

Implementation status
  • [1995, current] In operation (production)
Comment on implementation status
Plantation started in 1975 as state-owned operation

Contract farming

Contract farming
Yes
On leased / purchased
Yes
On leased area/farmers/households
  • [2018, current] 348.0 ha
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.