Deal #4583

Sources mention various sizes under contract- 500 hectares to 600 hectares. According to the Daily Graphic, (May 3, 2014), the company as of 2014, operated on a 380.41 ha (940 acres) parcel of farm land. JRC observes large parcels of land being intensively cultivated, but it is difficult to demarcate the area. From the field visit: The company started with a 1000 acre of land. At the beginning, the company operated only 30 acres and increased gradually to 250 acres. From 2018 onwards, production started reducing. The company has since 2018 been downsizing due to unfavorable market and local conditions.

Specifically the company grows MD2 variety of pineapple

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. Actually, the company applied for the Skill Development Fund (SDF) in 2011 according to the Daily Graphic, (May 3, 2014). With a grant of 247920.00 Ghana cedis, the company increased its export capacity to 80,000 tonnes by the close of 2013.

According to the Daily Graphic, (May 3, 2014), operations started in 2006. The company intends to operate until December 2021 when they will either halt production or sell the farm to a new buyer.

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.

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