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Deal #4583 Version #68483

Ghana

Created at

2015-02-10

Last update

2016-03-09

Last full update

2020-08-07

Land area

Intended size

500 ha

Size under contract (leased or purchased area)

[2005, current] 500.0 ha

Size in operation (production)

[2010, current] 400.0 ha

Comment on land area

Sources mention various sizes under contract- 500hectares to 600 hectares.

Intention of investment

[current] Food crops

Nature of the deal

Lease

Negotiation status

[2005, current] Concluded (Contract signed)

Comment on negotiation status

In 2011 the company had liquidity problems and was forced to restructure their loans. In 2012 the company acquired new loans. After granting the loans the banks and shareholders also demanded to be kept updated with information of the current liquidity position and the future liquidity developments periodically.

Implementation status

[2007, current] In operation (production)

Purchase price

Comment on purchase price

The company has been granted a tax exemption for the first 10 years of the company as it is located in the Ghana Free Zones.

Contract farming

Yes

Not on leased / purchased (out-grower)

Yes

Comment on contract farming

Out-growers to supply the company with mango and papaya.