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Deal #4282 Version #66723

Ghana

Created at

2014-01-09

Last update

2020-07-14

Last full update

2025-02-06

Land area

Intended size

4 500 ha

Intention of investment

[current] Food crops

Nature of the deal

Lease

Comment on nature of the deal

This land was under dispute between the two paramount chiefs of the area namely Bolewura and Bamboi Koro. Each of them make claim for the land as his territory and they have each installed their sub-chiefs in the area. The project only got a smooth sailing after a Memorandum of Understanding (MoU) was signed between the two feuding traditional authorities at Mole in the West Gonja district in September 2014. The intended lease is a 50 year period

Negotiation status

[2012, current] Intended (Under negotiation)

Comment on negotiation status

AgDevCo is undertaking the early stage development of the project, including technical studies, engineering, and design.

Implementation status

[2011, current] In operation (production)

Comment on implementation status

The smooth operation of the company is stalled due to the land dispute

Leasing fees

Comment on leasing fee

There is a yearly servicing fee of 175,000.00 Ghana cedis . It is disclosed that an amount of 10, 000 Ghana cedis were given to the traditional heads as “knocking fee” by the investors for signing the MoU.

Contract farming

Comment on contract farming

The farm block will centre around a commercial farm hub and rice mill, which will provide nucleus services for hundreds of emergent local farmers on 1-15 hectare plots