Ghana in talks with Qatar to set joint venture agriculture firm

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Ghana is in talks with Qatar to establish a joint venture company to produce food for both countries. (Photo: Reuters)

Reuters | Saturday 4 Dec 2010

Ghana is negotiating with Qatar to establish a joint venture firm to produce food for both countries.

Ghana is in talks with Qatar to set up a joint venture company by early next year to produce food for both countries, Ghana's vice president said Saturday.

Gulf states suffered when international food prices spiked to record levels in 2008, forcing up their import bills. They have since sought to lease and buy farmland in developing countries to improve food security and supplies.

"It's state to state. They're interested to set up a joint venture to produce food for both countries for all kinds of fruits and vegetables, cereal, rice," John Darmani Mahama told reporters on the sidelines of an industry event in Riyadh.

Initially a pilot project would be set up on 50,000 hectares, said Mahama declining to give details on the value of the deal or terms of the contract.

"Depending how successful it is, there could be expansion," he added.

Foreign acquisition of land has provoked opposition from some farmers in developing nations.
Original source: Reuters
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