Onesta Ghana Limited, an agro-industrial enterprise, has unveiled a comprehensive framework to revitalise Ghana’s palm oil industry, drive job creation, and reduce import dependency.
At its second board meeting held in Accra, members discussed the implementation framework designed to address technical challenges, land acquisition, development partnerships, donor engagement, and government collaboration aimed at enhancing Ghana’s competitiveness in regional and global markets.
The initiative marks a strategic shift towards modernising the sector and reclaiming Ghana’s place as a major global palm oil producer.
The company recently launched the Redgold Palm Oil Plantations Project (ROPP), a Public-Private Partnership (PPP) initiative aimed at developing a sustainable, fully integrated oil palm value chain across 10,000 hectares within five years.
Board Chairman of Onesta Ghana Limited and former Minister of Trade and Industry, Dr Ekwow Spio-Garbrah, said the strategic plan reflects the sector’s unique needs and aspirations.
According to him, Ghana’s improving economic indicators, including revenue growth, Cedi stability, and declining interest rates, make it an ideal time to implement a comprehensive traceability system to ensure that all palm oil produced by Onesta meets high standards of quality, ethical sourcing, and transparency.
He further disclosed that traditional leaders in the Eastern and Central Regions have already collaborated with Onesta to secure land for production.
“This was a very good board meeting; there was good collaboration, good information, and good exchange. We need more partnerships, especially from financial institutions, to empower our growth. I am very optimistic that Onesta Ghana will exceed its expectations and targets at the end of the project,” DDrSpio-Garbrah noted.
He also revealed that Onesta Ghana will participate in the upcoming Africa Education Trust Fund AI Conference on November 5–6, 2025, part of the company’s strategy to harness intelligence and recruit top professionals to drive innovation and growth.
Meanwhile, Onesta Ghana’s Chief Executive Officer, Dr Foster Boateng, said the board is committed to ensuring efficiency in production, processing, and marketing to position Ghana’s palm oil industry competitively on the global stage.
He disclosed that the company will visit Nigeria’s largest private oil palm producers in November to explore partnerships through Oro Oil Ghana Limited CEO, Maxwell Nii Commey’s network, to create more jobs for young people.
“Plans are underway to visit Nigeria with some government officials for exponential learning on how the government can partner with the private sector to boost palm oil production. We have also met with the Malaysian High Commissioner for collaboration, agreeing on four areas that leverage their technical expertise and technology,” he stated.
Oro Oil Ghana Limited CEO and Onesta Ghana Executive Director, Maxwell Commey, expressed gratitude to traditional and opinion leaders for assisting in land acquisition in the Eastern and Central Regions.
He added that the company is working to secure additional hectares in the Ashanti, Bono, and other regions for expanded production.
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Source: myjoyonline.com
