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
2024-11-23

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 area
Purchase 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.