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TRENDS AND IMPACTS OF FOREIGN INVESTMENT IN DEVELOPING COUNTRY AGRICULTURE

TRENDS AND IMPACTS OF FOREIGN INVESTMENT IN DEVELOPING COUNTRY AGRICULTURE

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TABLE 3<br />

FDI agricultural projects as registered in the first six months of 2009 with GIPC<br />

Target markets<br />

(l: domestic; e:<br />

export)<br />

Activity/target<br />

products<br />

Sector<br />

(plantation,<br />

fisheries, forestry,<br />

livestock)<br />

Ownership<br />

(f: 100 %<br />

foreign;<br />

jv: joint<br />

Location Region Origin foreign<br />

equity<br />

Nature<br />

investment<br />

(c: creation;<br />

e: extension)<br />

Year business<br />

start<br />

Name of<br />

company<br />

venture)<br />

Local<br />

Lebanon F Fisheries Fisheries (production<br />

of fingerlings, tilapia,<br />

catfish). production of<br />

27/04/2009 Creation Opp. Kaadja Eastern region<br />

(ER)<br />

Ahimsach Ghana<br />

Limited<br />

table size fish<br />

Export<br />

F Plantation To produce & process<br />

cashew nuts& agricultural<br />

products of high<br />

quality for export.<br />

British Virgin<br />

Islands<br />

12/03/2009 Creation Mim Brong Ahafo<br />

Region (BR)<br />

Bionic Palm<br />

Limited<br />

18/06/2009 Creation Ashaiman GR Lebanon F Fisheries Fish farming Local<br />

Ghana Sumatra<br />

Limited.<br />

Local<br />

Indonesia JV Fisheries To produce & market<br />

oil palm seed to meet<br />

the demand of the<br />

Ghanaian oil palm in<br />

05/01/2009 Creation Kusi Eastern Region<br />

(ER)<br />

Haeshim Fisheries<br />

Limited<br />

Export<br />

Part 4: Business models for agricultural investment:<br />

Impacts on local development<br />

India JV Plantation Large scale commercial<br />

farm and<br />

plantation.<br />

Ashanti Region<br />

(AR)<br />

Inga Farms Limited 27/02/2009 Creation Agogo & Kwamang<br />

23/02/2009 Creation Tema GR Korea Rep. JV Fisheries Tuna fishing Local/export<br />

Maleka Farms<br />

Limited<br />

Export<br />

22/05/2009 Creation SEGE GR Singapore F Plantation General farming,<br />

jathropha with suitable<br />

crops like maize,<br />

Mim Cashew &<br />

Agricultural Products<br />

Ltd.<br />

sunflower, soya, etc.<br />

Export<br />

GR India JV Plantation Cultivation of sunflower<br />

15/06/2009 Creation LATERBIORKOR-<br />

SHIE<br />

New Agricultural<br />

Services(Agricserv)<br />

Ltd.<br />

Suraj Agro Limited. 08/06/2009 Creation VOLTA Volta Region (VR) India JV Plantation General farming and Export<br />

exporters<br />

Triton Aquaculture 15/06/2009 Creation Tema Greater Accra Uk F Fisheries Aquaculture Farming Local<br />

Africa Limited<br />

Region (Gar)<br />

Source: GIPC. Note: ER: Eastern Region; VR: Volta Region; GAR: Greater Accra Region.<br />

193<br />

GHANA

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