01.05.2005 Regional News

Sekyereman enters into farming venture partnership with investor

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Sekyere, (Ash), May 1, GNA - Nana Kwabena Anning II, Chief of Sekyere, has released 546 acres of land for the establishment of a multi million-cedi farming venture, jointly by the Sekyere community and a Ghanaian investment firm, JD Investments Company.

The farms to be known as Sekyere Farms would comprise the cultivation of citrus, poultry production and fish farming (Aquaculture).

Nana Anning announced this at a durbar of chiefs and people of the area at Sekyere, in the Sekyere-East District on Saturday, to formally launch the farming venture and pave the way for actual work to commence. Nana Anning appealed to investors not to concentrate their investment drives on only the service sector but also give priority to investing their funds in the agricultural sector of the economy. He said the agricultural sector was an area though very crucial to development of the economy, had had little attention in terms of investment.

The chief noted that the Sekyere area abounded in large tracks of arable land and assured investors of the readiness of the Sekyere community to release land to any investor willing to do genuine business, more especially in the farming sector, on moderate terms. Nana Anning said while poised to release land to investors for farming purposes on moderate terms, investors should not also concentrate mainly on the production of mere raw materials but go beyond that to process and add value to their produce. This way, the chief noted, more jobs could be created for the youth and profit margins more assured.

He commended the J.D. Investment Company for entering into such a partnership with the Sekyere community, saying the community intended to use part of its share of profits from the venture to offer scholarships to school children while the remaining would go to initiate development projects.

Mr. Kurt Speta, Managing Director of the J.D. Investments Company, said the company planned to process the citrus into juice not only for the local market but also for export. Nana Yaw Ado, an opinion leader in Sekyere, advised parents to give priority attention to their children's education.

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