Please note: you are viewing an old version of this deal. The current version can be found here: Deal #5055
Deal #5055 Version #70850
Ghana
Created at
2016-05-23
Last update
2020-03-12
Last full update
2020-07-21
Land area
Intended size
19 880 ha
Size under contract (leased or purchased area)
- [2012, current] 19880.0 ha
Size in operation (production)
- [2019, current] 6000.0 ha
Comment on land area
Grain mentions 23500ha concession with 2000ha planted. Company website states 18 880 hectares (Daboase) plus 1 000 hectares additional (Manso).
Intention of investment
Intention of investment
- [current] Non-food agricultural commodities, Agriculture unspecified
Nature of the deal
Nature of the deal
Lease
Negotiation status
Negotiation status
- [2012] Concluded (Oral Agreement)
- [2015, current] Concluded (Contract signed)
Comment on negotiation status
Socfinaf acquired entry and oral agreement in December 2012. Contract was only signed in 2015.
Implementation status
Implementation status
- [current] Startup phase (no production)
Comment on implementation status
It is not clear what the current implementation status is.
Purchase price
Purchase price
10 000 000
$
for specified areaPurchase price area
15 000 ha
Contract farming
Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
- [2019, current] 1000
Comment on contract farming
In July 2019 the company announced funding to establish a processing plant. Outgrowers will provide raw material to the plant. Distributed seeds to 1000 farmers.