Audio By Carbonatix
President Nana Akufo-Addo, on Thursday, December 19, commissioned the Leefound Food Stuff (GH) Ltd., a tomato processing factory operating under Government’s 1-District-1-Factory initiative.
The factory, located at Doryumu in the Shai Osudoku constituency, has been established by two Chinese Companies, Tianjin Limmin Condiments Co. Ltd. and Grand Rise Food Co. (GH) Ltd., to produce tomato paste, tomato ketchup and tomato juice and sauce, for both domestic and foreign markets.
With an initial investment of some $23 million, the company has the capacity to process approximately 60,000 tons of tomatoes annually, with the added potential of creating some 300 jobs at the factory particularly for the youth from Shai Osudoku.
Leefound Food Stuff (GH) Ltd has also indicated its preparedness to source fresh tomatoes locally through the establishment of the company’s own nucleus farm and an out-grower scheme using current technology, including greenhouse farming.
Additionally, the company, in collaboration with research institutions in Ghana, is to develop improved variety of tomatoes in order to sustain its operations, and this will be done through the application of improved seedlings and best farming practices.
This arrangement is expected to offer tomato farmers in the community the opportunity to expand their farms, create opportunities for residents, as well as increase their income levels.
Commissioning the facility, President Akufo-Addo noted that the establishment of the $23 million is “an expression of the confidence the Chinese and other investors have in the management and direction of the national economy.”
According to President Akufo-Addo, “we have the possibility, from here, to develop a large export market not just for ECOWAS, but, ultimately, when trading in the African Continental Free Trade Area begins, for the African single market. The programme for transformation, allied to value-addition to our agricultural produce, is represented by this factory here today.”
The President expressed his appreciation to the President, Government and people of the People’s Republic of China for the continued investments in Ghana, stating that “it is yet another example of the very strong relations between the People’s Republic of China, and the Republic of Ghana. I welcome that relationship, and I am hoping that out of it many, many more investments will come down the line”.
He urged the Chiefs and people of Shai Osudoku to give the management of the company their maximum co-operation, assuring that “Shai Osudoku, like the rest of Ghana, is going to see serious transformation in the period of Akufo-Addo’s presidency.”
With an initial investment of some $23 million, the company has the capacity to process approximately 60,000 tons of tomatoes annually, with the added potential of creating some 300 jobs at the factory particularly for the youth from Shai Osudoku.
Leefound Food Stuff (GH) Ltd has also indicated its preparedness to source fresh tomatoes locally through the establishment of the company’s own nucleus farm and an out-grower scheme using current technology, including greenhouse farming.
Additionally, the company, in collaboration with research institutions in Ghana, is to develop improved variety of tomatoes in order to sustain its operations, and this will be done through the application of improved seedlings and best farming practices.
This arrangement is expected to offer tomato farmers in the community the opportunity to expand their farms, create opportunities for residents, as well as increase their income levels.
Commissioning the facility, President Akufo-Addo noted that the establishment of the $23 million is “an expression of the confidence the Chinese and other investors have in the management and direction of the national economy.”
According to President Akufo-Addo, “we have the possibility, from here, to develop a large export market not just for ECOWAS, but, ultimately, when trading in the African Continental Free Trade Area begins, for the African single market. The programme for transformation, allied to value-addition to our agricultural produce, is represented by this factory here today.”
The President expressed his appreciation to the President, Government and people of the People’s Republic of China for the continued investments in Ghana, stating that “it is yet another example of the very strong relations between the People’s Republic of China, and the Republic of Ghana. I welcome that relationship, and I am hoping that out of it many, many more investments will come down the line”.
He urged the Chiefs and people of Shai Osudoku to give the management of the company their maximum co-operation, assuring that “Shai Osudoku, like the rest of Ghana, is going to see serious transformation in the period of Akufo-Addo’s presidency.”
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
The person scamming you may not be human, but AI — Fraud investigator warns
1 minute -
ECG unable to pay dividend for 2025 – Board chairman William Amuna tells annual general meeting
6 minutes -
Adjei-Mensah Korsah criticises government’s proposed MMDA CEO Election modalities
7 minutes -
Morocco Embassy celebrates 27th anniversary of King Mohammed VI, tout economic achievements
16 minutes -
African resources are working for African ownership, not discovery – GoldBod CEO
21 minutes -
Reflections from Ghana: Building Ghana’s Global Bank
30 minutes -
About 49,000 migrants enter Spanish enclave of Ceuta, officials say
36 minutes -
Photos: Mahama presents compensation package to helicopter crash victims
41 minutes -
AFC joins Uefa and Concacaf in opposing Fifa plan
49 minutes -
Medeama to host CAF Champions League preliminary matches at TnA stadium
53 minutes -
WAFU B U20: Ghana and Burkina Faso settle for draw in Group B clash
56 minutes -
Ghana’s Dr Ayertey appointed to African boxing medical and anti-doping committee
1 hour -
Kristo Asafo Mission distances itself from alleged burial rites, calls for enforcement of court injunction
1 hour -
Parliament approves 20-year agreement to reintroduce road tolls
1 hour -
AG told Court of Appeal key trial exhibits were absent from Sedina Tamakloe’s appeal record
1 hour