Deal #4729

Location #1

Spatial accuracy level
Administrative region
Location
Volta, Ghana

Target country
Ghana

Land area

Intended size (in ha)
112
Size under contract (leased or purchased area, in ha)
[2012] 112
Size in operation (production, in ha)
[2006] 112

Intention of investment

Intention of the investment
Agriculture unspecified

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2012] Concluded (Contract signed)
Comment on negotiation status
Volta Red acquired the plantation in 2012 from an Accra resident Ghanaian, who had planted oil palm but could not find a market for the produce.

Implementation status

Implementation status
[2006] In operation (production)
Comment on implementation status
Planted by an Accra resident Ghanaian in 2006 and 2007 under the President’s Special Initiative for Oil Palm. Fully planted by 2007. Plantations were abandoned when no market could be found for the produce.

Contract farming

Contract farming
Yes
Not on leased / purchased area (out-grower)
Yes
Comment on contract farming
Total number of outgrowers around all concessions are 500 farmers on 2000ha. Volta Red and AgDevCo have been in discussions about AgDevCo funding and assisting in the formal structuring of an outgrower programme.

Number of domestic jobs created

Jobs created (domestic)
Yes

Operating company

Operating company
Name of investment project
Ata Kofi Estate

 

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Data source #1

Data source type
Company sources
File
Comment on data source
Volta Red Operations

Data source #2

Data source type
Research Paper / Policy Report
File
Date
2016-06-14
Comment on data source
The global farmland grab in 2016: how big, how bad?

Former land owner (not by constitution)

Former land owner
Private (large-scale farm)
Comment on former land owner
Planted by an Accra resident Ghanaian in 2006 and 2007 under the President’s Special Initiative for Oil Palm. Fully planted by 2007. Plantations were abandoned when no market could be found for the produce.

Former land use

Former land use
Commercial (large-scale) agriculture
Comment on former land use
Oil Palm plantation

Former land cover

Former land cover
Cropland
Comment on former land cover
Oil Palm plantation

Detailed crop, animal and mineral information

Crops area
Oil Palm

Use of produce

Has domestic use
Yes
Has export
Yes
Comment on use of produce
Produce is distributed in Ghana, Togo and Nigeria

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Mill located opposite the concession.

Overall comment

Overall comment
Volta Red has two other oil palm plantations in Ghana- #3770 and#4730 (4512ha in total with 2712ha under cultivation).

May 31, 2018, 6:12 p.m.

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Nov. 16, 2016, 1:10 p.m.

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Aug. 18, 2015, 12:27 p.m.

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