A 1.3 billion dollar fertilizer project would soon be established at Nyankrom, a village in the Shama District of the Western region.
The Ghana-Indian Joint Venture, which is expected to boost agriculture and help increase crop production in Ghana, is to be located on a serene grassy 400 acre land at the beach of Nyankrom and work is expected to start in a month and half time.
Deputy Western Regional Minister, Madam Emelia Arthur, said the Indian investors would have a 48 percent share while Ghana government has a share of 52 percent, out of which the landowners and some NGOs are partners.
She said this yesterday at Nyankrom when the investors held a meeting with the chiefs and people to interact on the progress of the project.
Madam Arthur said the establishment of the project marks another milestone to strengthen the existing cordial relations between Ghana and India adding that plans are advanced for Ghana to form a ?Fertilizer Company Ghana Limited? which would manage the project.
Secretary in charge of the Department of Fertilizers of the Ministry of Chemical/Fertilizers, India, Mr. Ajay Bhattacharya, said his colleague Indian investors are committed to seeing the project take off which would not only promote farming but also create jobs for the local people.
He expressed gratitude to the chiefs and people of Nyankrom for releasing the land three years ago to the Ghana-Indian Joint Venture Fertilizer Plant.
Queen mother of Nyankrom, Nana Akosoa Gyamfiaba II, appealed to the communities to cooperate and extend their usual hospitality to the investors to help ensure the successful completion of the project.
Nyankrom cultivates woodlots, citrus, cassava and others in addition to farming.
