Ghana, Thailand Advance Plans for 12,000-Hectare Oil Palm Plantation

A proposed 12,000-hectare oil palm plantation and modern processing mill could open a new area of agricultural investment between Ghana and Thailand, as President John Dramani Mahama encourages Thai investors to deepen their involvement in the country’s economy.

The President made the appeal during a meeting with Thailand’s newly accredited Ambassador to Ghana, Tirapath Mongkolnavin, who presented his Letters of Credence at the Presidency.

President Mahama said Ghana was ready to work closely with Thailand to expand bilateral trade and investment, particularly in manufacturing, agriculture, agro-processing technology and infrastructure.

“The growing interest of the Thai business community in Ghana is appreciated and I encourage further investment in manufacturing, agriculture, agro-processing technology, and infrastructure,” he said.

He acknowledged the contributions of Thai businesses operating in Ghana, including Thai Union Group and Indorama Ventures Packaging, noting their investments in the Ghanaian economy.

The President also expressed support for ongoing discussions towards a bilateral investment treaty and the establishment of a Ghana-Thailand Business Council.

He said the proposed arrangements would help facilitate trade, protect investments and strengthen partnerships between businesses in the two countries.

A key area of cooperation is the proposed establishment of a 12,000-hectare oil palm plantation and a modern processing mill in Ghana.

President Mahama encouraged the Ambassador to sustain engagements between the Tree Crops Development Authority and prospective Thai investors to advance the proposal.

“I encourage you to continue the engagement between the Tree Crops Development Authority and prospective Thai investors in advancing the proposed establishment of a 12,000 hectare oil palm plantation and a modern processing mill in Ghana,” he stated.

The proposed project presents an opportunity to expand Ghana’s oil palm production and processing capacity, while creating opportunities for investment across the agricultural value chain.

President Mahama assured the Ambassador of his government’s readiness to provide the necessary support for his tenure and the further development of relations between Ghana and Thailand.

Richard Aniagyei, ISD