India to assist Ghana in $1.1-bn fertiliser projectJanuary 20th, 2011 - 3:45 pm ICT by IANS
By Francis Kokutse
Accra, Jan 20 (IANS) India will assist Ghana in a joint venture to set up a$1.1 billion fertiliser plant in the Shama Industrial Area of the west African nation.Ghana’s Minister of Food and Agriculture Kwesi Ahwoi said finance for the project will be sourced from banks and financial institutions in both the countries.
Under a memorandum of understanding, Ghana will sell gas generated from the Ghana National Petroleum Corporation’s (GNPC) Jubilee oil fields for use in the production of fertiliser.
A five-member delegation from India, led by Sutanu Behuria, secretary in the department of fertiliser under the ministry of chemicals and fertiliser, held discussions with the Ghanaian government in the capital. The visit was to finalise arrangements on the management and shareholding structure of the company.
During a courtesy call by the team, Vice President John Dramani Mahama said as population increased, there was need to step up production to meet the growing demand for food and the use of fertiliser was one way of achieving increased output.
“Fertiliser production is a strategic way of improving our capacity to make it affordable to our farmers to achieve food security,” Mahama added.
He said the government’s intention was to use the gas generated from the oil field to support power generation. However, because of the importance it placed on the fertiliser plant, provision would be made to sell some gas to the plant as well.
The ministry of agriculture has started discussions on the sale of gas as well as finding out ways to make those people shareholders whose land will be used for the project.
Behuria said food production in developing countries has been greatly affected in a negative way because of the overdependence on developed countries. He suggested that developing countries should step up fertiliser production to meet their demands.
(Francis Kokutse can be contacted at email@example.com)
- Indians keen to invest in Ghana's sugar, fertiliser industry - Feb 22, 2012
- India boosts presence in West Africa with trade, cooperation - May 18, 2012
- Ghanaian president finally moving into Indian-financed, rebuilt residence? (With Image) - Aug 27, 2012
- Hinduism spreads in Ghana, reaches Togo - Nov 06, 2011
- India sponsors training of Ghanaian women in solar energy - Oct 16, 2011
- Indian engineers recalled to re-start Ghana's $300,000 silk project - Aug 04, 2011
- Ghana wants duty free access to Indian market - Jan 13, 2011
- Indian engineer turns big farmer in Ghana (With Images) - Jun 19, 2011
- Five Indians held in Ghana - Feb 19, 2012
- India's BEML to distribute heavy equipment in Ghana - Nov 02, 2011
- IFFCO to set up plant in Ghana (Lead) - Mar 15, 2010
- Indian hospital group to train doctors in Ghana - Sep 17, 2012
- Ghana fishes for fibre glass boats from India - Sep 11, 2011
- India keen to invest in Ghana's oil industry (Lead) - Jul 10, 2012
- Ghana offers mangoes to sweeten ties with India - Feb 28, 2011
Tags: accra, african nation, courtesy call, financial institutions, food production, food security, ghana national petroleum, ghanaian government, gnpc, kwesi ahwoi, mahama, member delegation, memorandum of understanding, ministry of agriculture, national petroleum corporation, oil field, oil fields, president john, shareholding structure, team vice president