Ghanaian tycoon Joseph Agyepong’s Jospong Group signs MoU to boost rice production

As part of efforts to boost rice production in Ghana, the Jospong Group of Companies (JGC), a Ghana-based holding managed by leading businessman Joseph Agyepong, has signed a memorandum of understanding with the Export-Import Bank of Thailand (EXIM Thailand) and leading rice producers in the country.

According to Ghana Web, the MoU will facilitate the establishment of seed development and research centers, rice mechanization centers, bio-organic fertilizer production centers, and rice mills in Ghana.

The move is aligns perfectly with the country’s efforts to promote exports and expand production capacity in the economy while also encouraging the consumption of locally produced staples and food items like rice, poultry, vegetable oil, and fruit juice.

With plans underway to replicate Thailand’s experience and strategy in Ghana, JGC has partnered with leading Thai players to provide technical and equipment support for the rice value chain in line with the country’s plans to increase rice production.

JGC is one of Ghana’s most diversified holding companies, with operations in Africa and Asia. The group is led by Agyepong, a leading Ghanaian businessman who founded the holding company in 1995.

It has more than 32 subsidiaries operating in 11 industries and maintains active business relationships with over 25 Chinese, Indian, and European companies with operations in Ghana.

JGC has begun production on 100,000 acres of rice as part of its commitment to increasing rice production in the country and improving people’s lives by providing solutions to problems. It has also announced plans to collaborate with the Ghana Rice Inter-professional Body (GRIB) and other local rice players.

Its current rice value chain projects use integrated rice farming methods that include seed development, paddy cultivation, milling, packaging, and marketing.