Around 47% of people in Ghana live in rural areas (2014), with 38% of the rural population living in poverty (2012). Commercial agriculture is in a nascent state, especially in the north of the country and for small agricultural commodity businesses, especially grain farmers, access to affordable finance is almost non-existent and threatens food security. A lack of clear land rights and complex red tape is impeding enterprise and the identification of pipeline projects.
In 2010, AgDevCo was invited by the Government of Ghana to assist in developing commercial agricultural projects. Our investment approach is focused across a diversified portfolio of businesses within the Ghanaian agriculture sector, with the aim of supporting both emergent and smallholder farmers.
Sources: World Bank, FAOSTAT, Global Food Security Index
BFC is a 356 ha commercial farm established by AgDevCo. It is the first phase development of the larger Babator Irrigated Farming Hub and provides a commercial proof-of-concept, demonstrating the viability of commercial, irrigated farming in Northern Ghana.
A fully-irrigated commercial rice producer and processor, focusing on high-quality local output and linking outgrowers to a modern value chain.
A slaughterer, processor and marketer of frozen specialty meat, reared by small-scale farmers across the north of Ghana.
A farming company, producing rice and maize in Northern Ghana, which also offers mechanisation services and assistance to local farmers.
This investment was exited in 2017.