Deal #4928
Ghana
Created at
2016-01-08
Last update
2020-09-07
Last full update
2020-07-14
Land area
Intended size
10 000 ha
Intention of investment
Intention of investment
- [current] Agriculture unspecified
Nature of the deal
Nature of the deal
Lease
Negotiation status
Negotiation status
- [2015] Intended (Under negotiation)
- [current] Failed (Negotiations failed)
Comment on negotiation status
A registered lease will be granted to DekelOil subject to due diligence including environmental and social feasibility studies and land surveys. Due diligence is anticipated to take up to 12 months - DekelOil has the option of walking away from the contract with no penalties should any material issues arise.
In 2017 the company announced that it was interested in taking a significant share in Norpalm (deal 3773). No further mention of intentions in Ghana are made since 2017 and no mention on company website (https://dekelagrivision.com/index.php).
Leasing fees
Comment on leasing fee
Smallholders will receive a third of the profits from the sales to CPO processing Mill in consideration for providing the land.
Contract farming
Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Comment on contract farming
DekelOil will work in partnership with local communities to deliver CPO requirements in-country.