In a bold move to revive Ghana’s once – thriving palm oil industry, Onesta Ghana Limited, an agro – industrial enterprise has outlined the overall strategic plans equally targeting the revitalising and elevating the palm oil industry in Ghana to drive job creation and economic growth.
At the second board meeting held in Accra today, members discussed framework that will oversee implementation, tackle technical challenges, land acquisition, development partners, doners and government intervention that will enhance Ghana’s competitiveness in regional and global markets.
The framework marks a strategic pivot toward modernising the sector and reclaiming Ghana’s status as a global palm oil powerhouse.
The company recently launched the ” Redgold Palm Oil Plantations Project (ROPP)”, a Public Private Partnership (PPP) aimed to develop a sustainable, fully integrated oil palm value chain in Ghana which entails over 10,000 hectares of plantation within five years.
Board Chairman of Onesta Ghana Limited and Former Minister of Trade and Industries, Dr. Ekwow Spio- Garbrah stated that, the comprehensive strategic plan discussed by the board members are tailored to subsector’s unique needs and aspirations.
According to him, since the Ghanaian economy is now showing some positive economic growth including, the overall revenue of the economy, the stability of the Cedi, exchange rate, interest rates among others, the time has come to implement this comprehensive traceability systems to guarantee that all produced palm oil by Onesta meets high standards of quality, ethical sourcing and transparency.
He added that, so far the Redgold Oil Palm Plantation Project has received many collaborations from traditional leaders in Eastern Region and Central Region in terms of acquiring adequate land for production in few months.
“This was a very good board meeting, there was a good collaboration, good information and good exchange. We need more collaborations especially from the financial institutions to empower our growth. We are looking forward to wonderful development in due course through our collaborations. I am very optimistic that Onesta Ghana will exceed it expectations and targets at the end of the project,” he noted.
Dr. Ekwow Spio-Garbrah also hinted that, Onesta Ghana Limited will be embarking on forth coming Africa Education Trust Fund AI Conference on November 5th and 6th, 2025.
This is part of Onesta Ghana taking intelligence from all aspects of life to enable the company to grow by recruiting the best and brightest professionals in Ghana and the world.
Meanwhile, the Chief Executive Officer of Onesta Ghana Limited, Dr. Foster Boateng added that, the board members are working tirelessly to make sure there is efficiency in production, processing and marketing. This will position Ghana to compete globally and cut down on imports significantly.
He revealed that the company will visiting the largest Private Sector Oil Palm Plantation Producers in Nigeria on November for collaborations, through the curtesy of Oro Oil Ghana Limited CEO, Maxwell Nii Commey network to create more job opportunities for young people.
“Currently, plans are underway, we will be going to Nigeria with some government officials for exponential learning to understand how government can partner private sector to boost palm oil production. We have also met with the Malaysian High Commissioner for collaborations. We agreed on four areas of the collaborations by leveraging on their technical expertise, exponential learning and how we can partner with the Malaysian private sector and technologies to our advantage”, he stated.
Moreover, Oro Oil Ghana Limited CEO, Maxwell Commey who doubles as an Executive Director at Onesta Ghana Limited thanked the traditional leaders and opinion leaders for their assistance in acquiring many lands in the Eastern and Central Regions for production.
He highlighted that, the company is working hard to secure more hectares of land in the Ashanti, Bono and other parts of Ghana.