Deal #3771

Ghana
Created at
2013-05-31
Last update
2021-03-01

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. The satellite image analysis done by JRC confirm the growth of the two crops as well as areas that are not used for commercial plantations.

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.