Investment : Komenda/ Edina/ Eguafo/ Abirem Municipal

Published on 2015-08-19

Investment : Fish Processing

In the field of agriculture, the potential abounds for citrus, pineapple, sugarcane and vegetable growth and processing. There are large tracts of land suitable for all kinds of crops and fruits in the district. Sugarcane production is especially important in the district.

The defunct sugar factory at Komenda with a supporting land area of 1,000 hectares could be reactivated to provide the basis for the revival of the sugar industry in the country.

Small and medium size sugar mills could be established to produce sugar for local consumption. Citrus and pineapples could be processed into fruit juice, jam and marmalade. The land tenure system practised in the district is a combination of freehold and leasehold, and tenancy terms are very favourable. Fishing and fish processing are vigorously done in the district.

The second largest fishing port in the country is found in Elmina with over six hundred (600) canoes and fifty (50) in-shore vessels. The district contributes about fifteen per cent (15%) of the total fish output in the country. Fishes caught include herrings, mackerel, tuna, lobsters, shrimps and barracuda.  Investors could invest in fish canning, cold storage and preservation as well as boat building.

The Elmina Fishing Harbour could also be expanded to take more boats and canoes. There is vast potential for salt production in the district. Investments are required for expansion of production and refining of salt for domestic, as well as industrial use. There are prospects for mining of precious stones and other minerals in the district.

Investors are welcome to prospect for the following mineral resources in the district: gold, granite, clay (broken clay) and kaolin/Chinese clay, feldspar/granite rocks, Muscovite mica and quartz, among others.  For example, deposits of clay at Dominase is estimated at about 3,953,000 metric tones and has an approximate life span of 122 years. This can be used to manufacture table ware as well as brick and tiles for the building industry.

In the area of real estate development, the KEEA District has a vast potential.  There are large tracts of level land suitable for the building industry.  The near exhaustion of land for building of dwelling houses at Cape Coast makes Elmina, which is very close and has large tracts of level land, the obvious and suitable place for real estate development, as well as private individuals looking for plots of land. The cost of a plot of land in Elmina, and the district in general, is comparatively cheaper.

The Assembly has the required infrastructure to support every investment. The district has a very good road network. There are 31 kms of asphalt roads and 1556.7 kms of feeder roads. Almost every town, village or hamlet could be reached in a motor car.

The district is also connected to the national grid. Telephone and other communication facilities are also available in the district. In addition to the above mentioned, the Assembly has a package of incentives or assistance for potential investors. These are:

Assist investors to acquire land and ensure proper tenancy agreement. · Exemption from property tax for a maximum of five years. · Assist investors to get utility services in place. · Opportunities for joint ventureship with the District Assembly. · Establishment of an investment office within the District Assembly to provide promotional and advisory services and the existence of decentralised departments in the District Assembly for consultations.

The potential investor is assured of personal and investment security. There are large tracts of land suitable for all kinds of crops and fruits in the district. Sugar cane production is especially important in the district.

The defunct sugar factory at Komenda with a supporting land area of 1,000 hectares could be reactivated to provide the basis for the revival of the sugar industry in the country. Small and medium size sugar mills could be established to produce sugar for local consumption. Citrus and pineapples could be processed into fruit juice, jam and marmalade.

The land tenure system practised in the district is a combination of freehold and leasehold, and tenancy terms are very favourable. Fishing and fish processing are vigorously done in the district. The second largest fishing port in the country is found in Elmina with over six hundred (600) canoes and fifty (50) in-shore vessels.

The district contributes about fifteen per cent (15%) of the total fish output in the country. Fishes caught include herrings, mackerel, tuna, lobsters, shrimps and barracuda.

Investors could invest in fish canning, cold storage and preservation as well as boat building. The Elmina Fishing Harbour could also be expanded to take more boats and canoes. There is vast potential for salt production in the district.

Investments are required for expansion of production and refining of salt for domestic, as well as industrial use. There are prospects for mining of precious stones and other minerals in the district. Investors are welcome to prospect for the following mineral resources in the district: gold, granite, clay (broken clay) and kaolin/Chinese clay, feldspar/granite rocks, Muscovite mica and quartz, among others.

For example, deposits of clay at Dominase is estimated at about 3,953,000 metric tones and has an approximate life span of 122 years. This can be used to manufacture table ware as well as brick and tiles for the building industry. In the area of real estate development, the KEEA District Assembly has the required infrastructure to support every investment.