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Local production: Onesta Ghana launches the Redgold Palm Oil project

14/07/2025
Source : ORISHAS FINANCE
Categories: Sectors

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Onesta Ghana Ltd., an agro-industrial company, has officially launched the Redgold Oil Palm Plantation Project (ROPP), a transformative public-private partnership (PPP) aimed at building a sustainable and fully integrated oil palm value chain in Ghana.

According to information relayed by local media, this initiative is expected to mobilize $50 million in its first phase of development. Concretely, it will be a question of developing and exploiting 10,000 hectares of palm grove, through a main industrial plantation that will be established and a supply program integrating small farmers

.

“This project will offer integrated solutions, from cultivation to processing and refining, ensuring quality products while promoting economic growth and environmental sustainability,” said Maxwell Commey, Executive Director of Onesta Ghana Ltd.

“Investing in the palm oil sector has the potential to create jobs, boost local economies, and reduce rural poverty. We, at the Ministry of Agriculture, will provide Onesta Ghana with an enabling environment and the support needed to achieve this ambitious vision,” added John Setor Dumelo,

Deputy Minister for Agriculture.

This project is in line with the industrialization policy of the oil palm sector announced by the government last April. This strategy aims to develop 50th 000 hectares suppl style="font-family: "Bookman Old Style”, serious industrial plantations in the country gr à ofâ the mobilization of '

private investments. The ambition expressed through this policy is to increase local palm oil production in order to reduce dependence on imports.
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