Ekumfi: How $6M EXIM Participation Built a $53M Industrial Asset — Now Poised for a 24-Hour Economy Breakthrough
With the 20% excise duty on local fruit juices now abolished, the government’s Feed the Industries Programme offers Ekumfi Fruits & Juices a pathway to US$48 million in annual Read More... The post Ekumfi: How $6M EXIM Participation Built a $53M Industrial Asset — Now Poised for a 24-Hour Economy Breakthrough appeared first on DailyGuide Network .
Ghana's Ekumfi Fruits & Juices Limited has transformed a $6 million EXIM participation into a $53 million industrial asset, with potential for further growth. The Feed the Industries Programme, introduced by the government, aims to connect agricultural production with industrial demand. The abolition of a 20% excise duty on locally manufactured fruit juices is a significant step in this direction.
Ekumfi has secured 9,500 acres of land for juice, tea, and tepache feedstock, which is more than the 9,000-acre requirement for 24-hour operations. The remaining challenge lies in securing the necessary finance and inputs to bring this land into production. The programme also offers a unique opportunity for youth, smallholders, and agricultural entrepreneurs to participate in the pineapple value chain, with the potential to generate GH₵52,000 in gross revenue per acre per harvest cycle.
This could lead to job creation and rural wealth creation, benefiting farmers, young entrepreneurs, and the broader economy.
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