• Submit article
  • Submit article
  • Your News
  • Advertise
  • Advertise
  • My LiStingGh
    • Your News
  • Your News
Thursday, May 15, 2025
27 °c
Labadi
28 ° Mon
28 ° Tue
  • Login
  • Register
The New Crusading Guide Online
  • Home
  • Politics
  • News
  • Africa
  • World
  • Business
  • Lifestyle
  • Tech
  • Entertainment
  • Your News
  • More News
No Result
View All Result
  • Home
  • Politics
  • News
  • Africa
  • World
  • Business
  • Lifestyle
  • Tech
  • Entertainment
  • Your News
  • More News
No Result
View All Result
The New Crusading Guide Online
No Result
View All Result
Home National

Central Oil Mills 95% Completed …As Prez Inspects Works

News Desk by News Desk
October 20, 2021
in National, News, Politics
Reading Time: 2 mins read
A A
0
Central Oil Mills 95% Completed  …As Prez Inspects Works
735
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

President Nana Addo Dankwa Akufo-Addo, has inspected works on-going at the Central Oil Mills Limited, a wholly Ghanaian owned agro-processing company located at Jukwa Mfuom/Asamanso in the Hemang Lower Denkyira District of Central Region, which specialises in oil palm development and palm oil processing, and is operating under Government’s 1-District-1-Factory initiative.

President Akufo-Addo visited the factory yesterday, Tuesday, 19th October 2021, on day 2 of his 2-day tour of the region.

As part of Government’s Industrial Transformation Agenda, Central Oil Mills, established in 2010, was identified as one of the potentially viable but distressed companies.

Subsequently, an organisational audit was conducted by a team of technical consultants from the Ministry of Trade and Industry, who recommended the company to the Ghana EXIM Bank for support under the One District One Factory (1D1F) programme.

Related posts

Anas Speaks On U.S.A Court Judgment:  Kennedy Agyapong Couldn’t Prove Corruption Claims Against Me

Anas Speaks On U.S.A Court Judgment: Kennedy Agyapong Couldn’t Prove Corruption Claims Against Me

May 14, 2025
1.5k
A Disappointing Encounter with Africa World Airlines(AWA)

A Disappointing Encounter with Africa World Airlines(AWA)

May 14, 2025
1.5k

Ghana Exim Bank, on 21st November 2018, approved a Medium-Term Loan Facility of GH¢12 million for Central Oil Mills Limited to undertake three main activities:

These were the rehabilitation and expansion of an existing primary crude palm oil processing factory at Jukwa-Mfoum, the establishment of a brand new secondary (value-addition) oil palm processing factory at Jukwa-Asamanso, with capacity to process vegetables (Canned and bottled products), and the expansion and development of oil palm plantation.

The Bank subsequently approved a supplementary loan of GH¢2 million for the project, thus bringing the total loan approved for the project to GHS14 Million.

The new factory at Asamanso and the expansion work at Mfuom are about 95% and 90% completed respectively, and are both expected to be fully completed by 30th November 2021.

The project involves the expansion of an existing oil palm mill with an initial capacity of 2,400 metric tonnes of fresh fruit bunches (FFB) per annum into a bigger mill with a minimum capacity of 12,000 metric tonnes of FFB per annum on a single shift, with capacity to do double shifts.

With a yield of 20%, this will produce 2,400 metric tonnes of palm oil per annum which could be processed into secondary canned and bottled products. In addition, through the revitalisation process, the company has increased its storage capacity from 30 metric tonnes to 150 metric tonnes.

 

The company has rehabilitated it existing oil palm plantation and has initiated the process to expand its plantation by 200 acres per annum over five years. This is being supported by the acquisition of new trucks, and farm implements to support cultivation and transportation. The company also has existing nucleus farms at Jukwa Mfuom and its environs and also about 50 out-grower individuals.

 

The project is expected to create a minimum of 200 direct jobs from its current skeletal workforce of 30 persons when fully operational. More than 500 indirect jobs will be created within two years at both factory sites and from the plantation.

 

Buyers from South Africa, Italy, Netherlands and Nigeria are already in discussions with the company for export of finished products, thus opportunity to generate foreign exchange for the country.

News Desk

News Desk

Related Posts

Anas Speaks On U.S.A Court Judgment:  Kennedy Agyapong Couldn’t Prove Corruption Claims Against Me
Africa

Anas Speaks On U.S.A Court Judgment: Kennedy Agyapong Couldn’t Prove Corruption Claims Against Me

May 14, 2025
1.5k
A Disappointing Encounter with Africa World Airlines(AWA)
Business

A Disappointing Encounter with Africa World Airlines(AWA)

May 14, 2025
1.5k
Broken Dreams: 36,000 Ghanaians Pay for U.S. Visas They Never Received”
Ghana

Broken Dreams: 36,000 Ghanaians Pay for U.S. Visas They Never Received”

May 14, 2025
1.5k
Broken Dreams: 36,000 Ghanaians Pay for U.S. Visas They Never Received”
Ghana

State Sponsored Intimidation and theWitch-Hunting of Political Opponent

May 14, 2025
1.5k
Broken Dreams: 36,000 Ghanaians Pay for U.S. Visas They Never Received”
Ghana

Afenyo-Markin Slams Mahama’s First 120 Days as “Disappointment and Deception”

May 14, 2025
1.5k
Business

Accra to Host TARJ Forum Pre-Event on July 26th

May 7, 2025
1.5k

POPULAR NEWS

  • 2018 budget GOV’T TOUTS ECONOMIC GROWTH …But Minority Ridicules Strides

    Muntaka, Bailiff Showdown @East Lagon Police Station

    1451 shares
    Share 580 Tweet 363
  • Lands Commission Blocks Makers Chapel …From Buying 10 Acre Atomic Energy Land From Contractor

    1008 shares
    Share 403 Tweet 252
  • GRA Boss Must Go! … Pressure Mounts On Prez. Not To Extend His Stay

    962 shares
    Share 385 Tweet 241
  • Rambo-Style Demolition @ Roman Ridge

    931 shares
    Share 372 Tweet 233
  • Police Storm Fiankonya …Grab Family Lands; Leave Owners In Despair

    909 shares
    Share 364 Tweet 227
    Please install/update and activate JNews Instagram plugin.

Anas Speaks On U.S.A Court Judgment: Kennedy Agyapong Couldn’t Prove Corruption Claims Against Me

Anas Speaks On U.S.A Court Judgment:  Kennedy Agyapong Couldn’t Prove Corruption Claims Against Me
by john
May 14, 2025
0
1.5k

Investigative journalist Anas Aremeyaw Anas, in response to the judgment in the United States of America (U.S.A) which awarded him...

Read moreDetails

A Disappointing Encounter with Africa World Airlines(AWA)

A Disappointing Encounter with Africa World Airlines(AWA)
by john
May 14, 2025
0
1.5k

A patron(name withheld) of African World Airline(AWA) has called out the domestic airliner and the Ghana Civil Aviation Authority(GCAA) for...

Read moreDetails

Broken Dreams: 36,000 Ghanaians Pay for U.S. Visas They Never Received”

Broken Dreams: 36,000 Ghanaians Pay for U.S. Visas They Never Received”
by News Desk
May 14, 2025
0
1.5k

By Adu Koranteng Between January and December 2024 , more than 61,000 Ghanaians applied for visas at the United States...

Read moreDetails

State Sponsored Intimidation and theWitch-Hunting of Political Opponent

Broken Dreams: 36,000 Ghanaians Pay for U.S. Visas They Never Received”
by News Desk
May 14, 2025
0
1.5k

Again President Mahama, in his 120-day social contract, promised to "purge state security agencies of all militia and vigilante elements."...

Read moreDetails
ADVERTISEMENT
The New Crusading Guide Online

The New Crusading Guide is a privately own newspaper in Ghana with Mr ABdul Malik Kweku Baako as its Editor in Chief. We give you the latest news

Follow us on social media:

Recent News

  • Anas Speaks On U.S.A Court Judgment: Kennedy Agyapong Couldn’t Prove Corruption Claims Against Me
  • A Disappointing Encounter with Africa World Airlines(AWA)
  • Broken Dreams: 36,000 Ghanaians Pay for U.S. Visas They Never Received”
  • State Sponsored Intimidation and theWitch-Hunting of Political Opponent
  • Afenyo-Markin Slams Mahama’s First 120 Days as “Disappointment and Deception”

Special Links

  • Submit article
  • Submit article
  • Your News
  • Advertise
  • Advertise
  • My LiStingGh
    • Your News
  • Your News

Quick Links

  • About
  • Advertise
  • Careers
  • Privacy & Policy
  • Contact
  • About
  • About
  • Advertise
  • Careers
  • Privacy & Policy
  • Contact
  • About

© 2021 The New Crusading Online - All rights Reserved. Powered by Uthink.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Home
  • Home
  • Politics
  • Politics
  • Politics
  • Politics
  • Politics
  • Politics
  • Science
  • Science
  • Science
  • Science
  • Science
  • Science
  • News
  • News
  • News
  • News
  • News
  • News
  • World
  • World
  • World
  • World
  • World
  • World
  • Business
  • Business
  • Business
  • Business
  • Business
  • Business
  • National
  • National
  • National
  • National
  • National
  • National
  • Sports
  • Sports
  • Sports
  • Sports
  • Sports
  • Sports
  • Entertainment
  • Entertainment
  • Entertainment
  • Entertainment
  • Entertainment
  • Entertainment
  • Lifestyle
  • Lifestyle
  • Lifestyle
  • Lifestyle
  • Lifestyle
  • Lifestyle
  • Travel
  • Travel
  • Travel
  • Travel
  • Travel
  • Travel
  • Opinion
  • Opinion
  • Opinion
  • Opinion
  • Opinion
  • Opinion
  • Tech
  • Tech
  • Tech
  • Tech
  • Tech
  • Tech

© 2021 The New Crusading Online - All rights Reserved. Powered by Uthink.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version