Location: Ghana Grant Amount: US$260,000
Premium Foods Limited (PFL) is a leading food processing company based in Ghana. The company was established in 1999, but located to its new site in 2005. It is located at Unnumbered Plot (lat. 6.57o N, long. 1.533o W) off Lake Bosomtwe Road, Jachie-Pramso in the outskirt of Kumasi Ghana. The location of Pramso is at lat. 6.56o N and longitude is 1.51o W. Also, the location of Lake Bosomtwe (Figure 2) is at latitude 6.5017° N and logitude 1.4145° W.
PFL specializes in processing blended fortified products, grits for food and beverage companies, composite flour, high quality cassava flour (HQCF), rice and feed for poultry and livestock using local produce such as maize, soybeans, rice, sorghum, millet and cassava. The company is a major stakeholder in the local grains industry especially in the maize value chain supplying out-growers (smallholder farmers) with input credits and market linkage for their produce. The company’s intervention has brought relief to farmers in providing them with market access and reduced post-harvest losses. The company is run by a team of professionals with several years’ experience in the grains and agro-processing industry and with relevant qualifications in their field of work.
Since 10 October 2017, Premium Foods is embarking on further expansion of its factory by installation of a new facility at Kwaso, an outskirt of Kumasi. Highlighting on the new plant, Mr. Tom Gambrah, the Managing Director of Premium Foods Limited, said that it is intended for use in fortification of roasted soybean and corn for maize meal, maize grit, fortified gari, instant “yoke-gari” (mixture of gari + cowpea + palm oil), instant gari soaking, fortified “konkonte” (fermented cassava dried & milled. The capacity of the new plant is 18 tons/hour. As well as setting up and maintaining the company’s own nucleus farms for soybean, maize, cassava etc. company also works with smallholder out-growers under its CASH-P (Cassava Smallholder Agribusiness Project). Under CASH-P, Premium Foods Limited currently works with 3,000 smallholder farmers in the three Districts.
Premium Foods applied for and received award for AFT Grant amounting to US$260,000 following the AFT TRC’s approval of 30 November 2017. The award is in support of the company’s project titled “Processing Cassava” and has the following components: a) technical and financial feasibility studies (including investor’s landscape scan); and b) environmental & social impact assessment (ESIA). The company needed the AFT funds to conduct preparatory activities towards a larger goal of expanding its production and processing capacity by integrating backwards to ensure continued and sustained raw material supply. The company currently has an expanded factory and intends to integrate backwards by undertaking a farming project that will supply raw materials for the expanded factories. This is called Expanded GO-Farming. This is a further development of the company’s GO Farming Project which involved about 11,000 Farmers. The company has acquired about 65,000 acres of land at Amankwaakrom that it will develop to produce raw materials for the expanded Premium Foods Factory.