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Business News of Tuesday, 7 July 2009

Source: GNA

Buipe to get sheanut processing plant in August

Accra, July 7, GNA - Ghana and Brazil have signed a seven- million- dollar agreement for the establishment of a sheanut processing plant at Buipe in the Northern Region.

The facility, which would start operations in August, would be the first of the three plants to be established under the Savannah Accelerated Development Authority.

This was the outcome of a six-day visit to Brazil by a six-man delegation, led by Mr Mike Obuobi, a senior aide to the Vice President. Mr Oboubi told the Ghana News Agency in Accra on Tuesday that the plant would cost 6.5 million dollars while civil works would attract $500,000.

The agreement was between Ghana Cocoa Board (COCOBOB), Saka Worldwide Trading Limited, a Ghanaian company, and Sysgate Brazil Limited to purchase and process 40,000 tons of sheanut. According to Mr Obuobi, the plant would directly employ 50 workers while more than 5,000 others would be engaged to prune the trees, pick and transfer the nuts to the processing plant. Mr Obuobi said Curotibah, a company in Brazil, would buy about 5,000 tons of the processed sheanut, while many other companies had expressed interest in the processed product.

Other members of the delegation were William Mensah, Deputy Chief Executive of COCOBOD, Mr George Boateng, Chief Executive of the Produce Buying Company (PBC), Mr Sam Saka, Chief Executive of Saka Worldwide Trading Limited, Mr Anthony Boakye, Deputy Managing Director, (Operations) of the PBC and Mr Ernest Attoh, Production Supervisor of West Afrca Mills Ltd.

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