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Business & Finance | Feb 27, 2018

Kasapin: Company To Commence 1D1F Project

GNA

An agro-processing company, Golden Finger Natural Foods is building an ultra-modern manufacturing company to commence operations at Kasapin in the Asunafo North Municipality of the Brong-Ahafo Region.

The company, under the government's flagship programmes of 'One District, One Factory' (1D1F) and the 'Planting for Food and Jobs' (PfFJs) is expected to commence operations by the end of 2018.

It would engage over 1,500 farmers within the Asunafo North into planting the various crops to feed the factory and more than 300 youth will be recruited for direct jobs.

Again over 500 business entities would also be registered as key distributors of the company's products while banks in the area would, in collaboration with the Company be assisting the farmers with funding to facilitate the cultivation and production of the designated crops, including fruits and vegetables.

Mr Jonathan Hammond, the founder and Chief Executive Officer (CEO) of the company, which is wholly Ghanaian owned disclosed in an interview with the Ghana News Agency (GNA) on the sidelines of farmers, entrepreneurs and investors conference organised by the company on Friday at Kasapin.

The one-day conference, sponsored by the company with support from two Accra-based business concerns, Omega 3 Car Masters and Jolinab Enterprise on the theme 'Building Brong-Ahafo and Ghana Through Agribusiness- In Promotion of President Nana Addo Dankwa Akufo-Addo's PfFJs and 1D1F Policies' was attended by more than 500 participants, including the general public.

Mr Hammond said the company had already secured 40 acres of land in the town to build the multi-purpose project, saying that the factory would be operating under four departments - food processing to produce about 38 varieties of processed food items and the kitchen utensils department for the production of kitchen wares.

The other two departments would be cosmetics for the production of body lotions and household disinfectants and organic fertilizer production, he added.

Mr Hammond explained the waste matter from the various food crops would be abundant organic raw materials for the fertilizer production and beside the benefit of direct supply to the engaged farmers, enough would be distributed for sale to other farmers nationwide.

That, he emphasised would be his company's contribution to taking Ghana to the glorious days of organic farming where the populace ate quality and healthy-grown foods, fruits and vegetables to enjoy good and stable condition of health.

Mr. Hammond said the company 'is among those business entities currently approved under the 1D1F and PfFJs programmes' by the Ministry of Trade and Industry (MoTI), adding it therefore had a roll-out list of banks to conduct business with them.

In that wise he said the company in collaboration with banks would organise the farmers into cooperatives whilst the company would give the farmers guarantor note for the banks to grant them financial support to produce and sell to the company.

The farmers would then be making incomes to enhance their livelihoods while repaying the loans to the banks with little interest, he added.

On the government's emphasis on the private business sector development for job creation to create wealth for the people, Mr. Hammond said besides the 1,500 farmers and 300 youth as direct factory workers, the company would again create jobs for lots of people through its value-chain process.

He cited other categories of job beneficiaries would be transporters and drivers, distributors, wholesalers, retailers and even labourers (to load and unload) the finished products in the process, in addition to other subsidiary industries that could spring up in the Kasapin community and its environs.

Opunuawisie Wiredu Brempong, the Chief of Kasapin who chaired the conference earlier confirmed the 40-acre land had been released to the company and promised that whatever further assistance required from the Kasapin Traditional Council and the people would be offered readily to facilitate the smooth and successful operation of the company.

GNA
By Nana Osei Kyeretwie, GNA

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