President commissions $23m tomato processing factory for One District, One Factory in Shai Osudoku Featured

By By Nana Yaw Dwamena December 20, 2019 6235 789 comments

President Nana Addo Dankwa Akufo-Addo yesterday commissioned Leefound Foodstuffs (Ghana) Ltd, a tomato processing factory operating under the government’s One District, One Factory initiative.

The factory, located at Doryumu in Shai Osudoku, has been established by two Chinese companies – Tianjin Limmin Condiments Ltd and Grand Rise Food Ltd – to produce tomato paste, ketchup, juice and sauce for both the domestic and foreign markets.

With an initial investment of US$23 million, the company has a capacity to process approximately 60,000 tonnes of tomatoes annually, and will also create up to 300 jobs at the factory, particularly for the young people of Shai Osudoku.

Outgrower scheme

Leefound Foodstuffs Ltd has said it is prepared to source fresh tomatoes locally by establishing its own nucleus farm and an outgrower scheme which will use modern agricultural methods and technologies, including greenhouse farming.

In collaboration with research institutions in Ghana, the company will also develop better varieties of tomato to sustain its operations, applying improved seedlings and best farming practice.

The arrangement is expected to offer tomato farmers in the area the opportunity to expand their farms, creating new markets for residents and increasing their income levels.

Model of transformation

Commissioning the facility, President Akufo-Addo noted that the establishment of the $23m factory is “an expression of the confidence the Chinese and other investors have in the management and direction of the national economy”.

“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 President said. “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 President Xi Jinping and to the government and people of China for their continued investment in Ghana, declaring: “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 company’s management their maximum co-operation, assuring them that: “Shai Osudoku, like the rest of Ghana, is going to see serious transformation in the period of Akufo-Addo’s presidency.”

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