Please note: you are viewing an old version of this deal. The current version can be found here: Deal #5316
Deal #5316 Version #72033
Ghana
Created at
2016-11-03
Last update
2020-05-25
Last full update
2020-08-07
Land area
Intended size
552 ha
Size under contract (leased or purchased area)
- [2001] 552.0 ha
- [2004, current] 635.0 ha
Size in operation (production)
- [current] 405.0 ha
Intention of investment
Intention of investment
- [current] Food crops, Conservation
Comment on intention of investment
Future possible crops include: Butternut squash, citrus, maize. Some of the land will be a designated biodiversity zone.
Nature of the deal
Nature of the deal
Lease
Negotiation status
Negotiation status
- [2001, current] Concluded (Contract signed)
Implementation status
Implementation status
- [current] In operation (production)
Contract farming
Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
- [current] 500.0 ha
Comment on contract farming
The Company committed to establish outgrower schemes in their operational communities.
As part of their investments into the outgrower schemes,
ITFC Ltd reserved the sole right to supply mango seedlings, water, water storage tanks, manure, tools and other technical support
to outgrowers, and to be sole purchasers of their proceeds until the cost of production
was fully recovered.
Under the outgrower scheme, ITFC Ltd fully pre-finances the cost of mango planting and management until the third or fifth year when it may be possible to commence harvesting and sale.