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- Company: workers at Vegpro Ghana Ltd
- Est Date : 2011
- Tags : Agro-processing
- Estimated Investment: $10 million
- Client Website : https://vegpro.com/en/
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Ground Partners | Your FDI Facilitation Partner
Vegpro Ghana Ltd
Vegpro Ghana, a Kenyan multinational with UK backing, entered Ghana in 2011 via FDI in the North Tongu District (Lower Volta Basin). It cultivates over 1,000 hectares of maize, baby corn, butternut squash, sweet potatoes, and chillies for export, with on-site pack houses for cleaning, de-husking, packaging, and cold storage to meet EU standards.
The nucleus-out-grower scheme sources from local farmers, expanding to fruits like mangoes.
Investment and Policy Alignment:
Funded by the International Finance Corporation (IFC), investments exceed $10 million, leveraging GIPC-registered projects (US$1.3 billion in agriculture FDI from 2008-2016).
- GIPC registed Project
- Incentives like duty-free imports for equipment
- Align with 1D1F Policy
- AfCFTA for intra-African trade
Economic Impacts
Employment reaches 400 (aiming for 4,000), with roles in farming, processing, and quality control 92% of locals report reduced unemployment. Wages (GHC 100-500 monthly) provide income stability, though seasonal and casual (50%). Economically, exports enhance foreign exchange, with technology transfers improving local farming.
- Over 400 direct jobs
- technology transfers improving local farming
- yields 15-20% ROI
