Deal #7018

Location #1

Spatial accuracy level
Approximate location
Location
Volta River, Ghana

Target country
Ghana
Comment on location
The company’s headquarters is at Kwabenya in Accra with several active production field outlets currently located at: Agona Swedru, Dunkwa / Ayanfuri in the Central Region, Kete Krachi in the West Krachi District, Dambai in East Krachi District, Chindere in Krachi Nchumuru District, Kpasa in the Nkwanta North District and Nkwanta in the Nkwanta South District all in the Volta Region

Land area

Size under contract (leased or purchased area, in ha)
0
Size in operation (production, in ha)
0

Intention of investment

Intention of the investment
Agriculture unspecified

Nature of the deal

Nature of the deal
Pure contract farming

Negotiation status

Negotiation status
[current] Concluded (Contract signed)

Implementation status

Implementation status
[current] In operation (production)

Contract farming

Contract farming
Yes
Not on leased / purchased area (out-grower)
Yes
Not on leased / purchased area (out-grower, in ha)
20629
Not on leased / purchased farmers (out-grower)
2478
Comment on contract farming
The program has produced 1,240,000 oil palm seedlings and the development of 20,629 hectares of oil palm plantations and direct registration of 2,478 individuals’ farmers. Richie Plantations plan to perform its part of the contract through purchasing Palm fruit Bunches from various Oil palm farmers in the area and beyond

Operating company

Comment on investment chain
Richie Plantations Limited. incorporated on the 28th of FEBRUARY 2005 The majority shareholder of Richie Plantations Ltd. is Mr. Richard Ekow Quansah, a Ghanaian-born

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

Data source #1

Data source type
Company sources

Detailed crop, animal and mineral information

Crops area
Oil Palm

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Oil Mill factory at Mpowa owne by B-Bovid (Building Business on Values Integrity and Dignity)-a Ghanaian Agro business Company and signed an agreement with Richie Plantations to supply Palm fruits to feed the Oil Mill Factory.

Overall comment

Overall comment
The company is also involved in a mango seedling project.

May 23, 2019, 1:57 p.m.

active

This version

First version