Mahama woos Thai investors for 12,000-hectare oil palm plantation in Ghana

President John Mahama has urged Thai investors to consider establishing a 12,000-hectare oil palm plantation and a modern processing mill in Ghana. The government is prepared to provide support for this proposed investment, which is being explored between the Tree Crops Development Authority and interested Thai stakeholders. Mahama made this appeal upon meeting Thailand’s newly appointed Ambassador to Ghana, Thirapath Mongkolnavin, emphasizing Ghana’s commitment to strengthening bilateral relations with Thailand.

Ghana aims to enhance cooperation with Thailand, especially in sectors that could spur economic growth and development. The president expressed appreciation for the growing Thai business interest in Ghana, inviting further investment in manufacturing, agriculture, agro-processing technology, and infrastructure. He acknowledged the valuable contributions of Thai companies like Thai Union Group and Indorama Ventures Packaging to the Ghanaian economy.

Mahama also endorsed ongoing talks towards a bilateral investment treaty and the creation of a Ghana-Thailand Business Council, which would facilitate trade, safeguard investments, and strengthen partnerships between businesses in both nations. He urged the Tree Crops Development Authority to continue engaging with prospective Thai investors on the proposed oil palm project.

The president assured the ambassador of the government’s willingness to offer necessary support to bolster economic ties and ensure a successful partnership. He affirmed Ghana’s dedication to deepening its bilateral ties with Thailand, built on mutual respect, shared interests, and a common goal of fostering economic growth and development.