Deal #7495

Location #1

Spatial accuracy level
Approximate location
Location
Tsrefe, Ghana

Target country
Ghana
Comment on location
Located in Tsrefe in the Adaklu district of the Volta Region.

Land area

Size under contract (leased or purchased area, in ha)
[2019] 202.3
Size in operation (production, in ha)
[2018] 40.5
Comment on land area
Other sources refers to 500 acres ( 202.3 ha ) while others mention 520 acres ( 510.4 ha).

Intention of investment

Intention of investment
Food crops
Comment on intention of investment
Company is involved in agro-cultivation and agro-processing of rice and maize.

Negotiation status

Negotiation status
Concluded (Contract signed)

Implementation status

Implementation status
[2019] In operation (production)

Contract farming

Contract farming
Yes
Not on leased / purchased area (out-grower)
Yes
Not on leased / purchased farmers (out-grower)
300
Comment on contract farming
The company has 300 out growers cultivating a minimum of 20 acres each. The outgrower farms have approximately 15 000 farm hands.

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
5000
Current number of employees (total)
[2019] 150
Comment on jobs created (total)
The project is expected to stimulate job activity of about 1000, in five years. Of the 150 currently employed; 10 are input workers, 15 factory hands, 100 farm hands, 15 admin& management staff and 10 sales officers.

Operating company

Operating company
Name of investment project
HGL Volta Trigger Project

 

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Data source #1

Data source type
Media report
File
Publication title
HGL to feed Ghana by 2023 through PPP
Date
2019

Data source #2

Data source type
Media report
File
Publication title
Akufo-Addo inspects HGL multi-grain processing estate at Adaklu
Date
2019

Detailed crop, animal and mineral information

Crops area
Corn (Maize)
Crops yield
[2019] Corn (Maize) (20000 tons)
Comment on crops
The company is poised to produce 20000 metric tonnes of maize and similar quantity of rice on an annual basis.

Detailed contract farming crop and animal information

Contract farming crops
[2019] Corn (Maize)
Comment on contract farming crops
Outgrowers cultivate a minimum of 20 acres (8 hectares) each.

Use of produce

Has domestic use
Yes

In country processing of produce

In country processing of produce
Yes
Processing facilities / production infrastructure of the project (e.g. oil mill, ethanol distillery, biomass power plant etc.)
Have a multi-grain processing facility. The facility will serve as a cleaning, drying and storage facility, will process the maize, bag them and sell them locally and in Accra while another phase of the project will process the maize into cereals and corn snacks for local consumption.
In-country end products of the project
"GOGO SWAG OLONKA," packaged 10kg maize.

Nov. 28, 2019, 11:41 a.m.

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