Audio By Carbonatix
The managing director of Wilmar Africa Limited, Kwame Wiafe has asked the government to pay much attention to the production of crude palm oil and local rice since it has the avenue to create jobs for many across the country.
According to him, most African countries still import crude palm oil and rice from foreign countries meanwhile Ghana has the resources to provide raw materials that will cause a decline in the importation of these products.
In an interview on Citi TV, Mr Wiafe bemoaned on how Ghanaians focus only on the proceeds of exporting cocoa beans and gold but not necessarily other avenues that will equally provide jobs and revenue to improve the standard of living of the youth.
Talking about crude oil production, Mr Wiafe disclosed that Wilmar Africa Limited, producers of Frytol Vegetable Oil and Fortune Rice, currently has the capacity to refine oil and palm products in Ghana.
“In Ghana I think it’s a cliché that we produce lots of cocoa than we take it to other countries to add value then we bring it back for higher cost of imports. Fortunately, Wilmar Ghana we have the capacity to refine oil and palm currently. We are able to only source about 30 per cent of plant needs in Ghana and we provide offtake opportunity to anyone involved oil palm - all you need to do is to mill it then we buy,” he said.
“Because of inadequate capacity in Ghana we have to import crude palm oil from Asia, Malaysia, and Indonesia to keep our plant running. There is a big opportunity if the country wants to discuss this and that will create jobs,” he added.
According to Mr Wiafe, there are some investors who have given out their plantations to Wilmar Africa Limited in the bid to make profit on shares.
“We have encourage people to put crude oil palm… to put our expertise to place, if you go to the Ghana Armed Forces in Takoradi, we have helped them to cultivate some plantation. Some have given their lands out and we are developing them to give them their desired shares,” the managing director of Wilmar Africa said.
Latest Stories
-
You don’t need to incur GH¢15.6bn loss to stabilise the economy – Dr Boako tells gov’t
10 minutes -
Video: Dr Gideon Boako explains why he thinks BoG’s 2025 losses is more than GH¢15.6bn
14 minutes -
The Bank of Ghana has not made any losses that should be a topic for discussion — Sammy Gyamfi
45 minutes -
AMA to reintroduce Town Councils to enhance sanitation enforcement
1 hour -
Central bank’s inflation fight since 2022 came at a cost – Prof Turkson
1 hour -
If BoG isn’t a profit-making institution, it also can’t be a loss-making one – Kofi Bentil
2 hours -
Rethinking intelligence in the age of Artificial Intelligence
2 hours -
‘Every day is about survival’ – Workers demand action beyond May Day celebrations
2 hours -
Clear leadership demonstrated in managing recent power crisis – Dr Theo Acheampong
2 hours -
Accountability is defective in the energy sector – Ben Boakye
2 hours -
From detection to creation: Why education must move beyond AI plagiarism
2 hours -
Ghanaians keep paying for inefficiencies in the power sector – Prof Bokpin
2 hours -
Ghana’s power system not robust, outages inevitable – Ben Boakye
2 hours -
Beyond insults: The I.D.E.M playbook for political parties in the age of the ‘social media minister’
2 hours -
Germany backs Moroccan sovereignty in Sahara dispute
3 hours