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Green Gold Farms raises $1.6 million to tackle Ghana’s food import problem and poverty in the NorthTema, Juli 01, 2021 – Green Gold Farms, a leading Ghana-based, African-led agribusiness start-up has completed raising US$1.6 million from Absa Bank Ghana, Diaspora Capital, Channel Ventures, EPMT Fund, and a number of early-stage seed investors.
Green Gold Farms is tackling the problems of poverty, lack of economic opportunity, and malnutrition and related illnesses in Northern Ghana through large-scale agricultural production.
Despite abundant amounts of land, diverse agro-ecological richness and plentiful available labor, the majority of the two million people living in Northern Ghana are food-insecure. Limited economic opportunities leave many precariously close to the poverty line of $1.90 per day.
Green Gold Farms Ghana Breaks Ground on its 40,000 Acre Farm Tamale, June 15, 2020 – Green Gold Farms Ghana (‘GGF’) broke ground on its 40,000-acre farm in Sekpe in the Moin District of the Northern Region of Ghana, with an estimated land value of US$20 million. GGF held a sod-cutting ceremony which was attended by Chief Fuseni Issah – Chief of Sekpe, Mr. Abdul Rahman, Commercial Manager Northern Sector – YARA, Mr. Osman Fuseni, Agronomist – YARA, Mr. Fred Saeh, Senior Supply Chain Manager – ARASA Ltd to commence cultivation of soybeans for both local consumption and also in fulfilment of an Irrevocable Corporate Purchase Order (ICPO) with ARASA Investments Ltd., a subsidiary of TIRYAKI AGRO, a Turkey-based multinational corporation, beginning with the production of 5,000 metric tons of non-GMO soya bean crop. GGF had arranged offtake agreements with ARASA and other major food buyers.
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