Description
Green Gold Farms is a primary producer of staple crops in Ghana, primarily soybeans and maize. The company aims to be vertically integrated and combine the production of crops with aggregating, processing, and manufacturing food products as a means of import substitution.
Market Opportunity/ Problem
Currently, Ghana imports over $3.5 billion worth of food annually, though unofficial estimates have this number being higher. Moreover, imported food tends to be more expensive and of lower quality – particularly when it comes to poultry products. Green Gold Farms seeks to reduce the country’s dependence on foreign food imports by increasing domestic production, creating jobs, and spurring economic development, especially in the food production sector. In addition, the company seeks to address poverty, hunger, and gender inequality in remote villages in the North that have few, if any, economic opportunities.
Company Information
Years of operation
1.5
Type of organization
Private company
Stage of the business
Growth stage
Agribusiness focus
Primary production
Agriculture value chain(s) focus?
Cash Crops
Primary country of operation
Ghana
Other country(ies) of operation
N/A
How many employees does your business have?
420
Does the business have more than 30% women ownership?
No
Does the business have more than 30% youth ownership (under 35 years)?
No
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
>1m
What is the split between equity and debt?
12% debt and 88% equity