PSG

The development of the cash crop in Ghana is seen as an opportunity and a necessary resource for its future.

In 1990, in the Daboase region, the Ghanaian government granted 23 500 hectares to SIPL, a company funded by the World Bank, with a view to establishing a plantation, required for the creation of a paper pulp mill. Significant investments were made, 5 000 hectares of trees were planted (acacia and gmelinas), as well as roads and infrastructure being built. However, due to a lack of funding or income, the project came to nothing and was abandoned.

The government therefore decided to privatise the plantation, prompting Socfin to invest in Ghana in 2012. The Group’s activities are not confined to the plantations: it has renovated and built housing, social infrastructure, offices, medical facilities and shops, for example.

The initial objective of the PSG (Plantation Socfinaf Ghana) plantation is to develop 6 000 hectares of palm trees, followed by 5 000 hectares of rubber trees. Oil palm and rubber trees will cover a maximum of 13 000 hectares out of the concession’s 18 880 hectares in order to conserve the natural environment of the area. In addition, 1 000 hectares of oil palm have been planted in Manso, 7 km from Daboase, and been brought into the project.

The project’s second phase consists in the construction of an oil mill and a rubber factory, scheduled for 2018 and 2020 respectively.

These investments and the associated job creation have drastically changed the situation in the Daboase region, and more than 1 200 Ghanaians have gained a source of stable income since the revival of the project.


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