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Management of GFGL suspends 20 million
dollars oil palm project
Tarkwa(W/R), March 21, GNA - The management of Gold Fields
Ghana Limited (GFGL), Tarkwa Mine has suspended a 20
million-dollar oil palm project to be undertaken at Tarkwa.
Dr Toni Aubynn, Community Affairs and Public Relations
Manager of the company disclosed this at a Consultative
Committee Meeting at Tarkwa.
He said management decided to undertake a project that would
be viable and sustainable, although it had undertaken social
development programmes and the oil palm project was to be a
market driven and commercially viable project.
Dr Aubynn said the chiefs provided 1,000 hectares for the
project and management undertook feasibility studies to
identify the land, suitability of the soil and properties on
it.
Unfortunately, he said, when the people heard about the
project on the land, they hurriedly put up buildings,
constructed fishponds and made farms that would attract
payment of compensation.
Dr Aubynn said the cost of properties on the land was
estimated at about 19 million dollars, adding "If the value
of properties on the land was so much then it was
potentially rich and needs no new activity because it would
not be viable".
However, he said the project had not been abandoned because
management would initiate other viable projects and
information available indicated that the soil was good for
oil palm, the most suitable crop in the area.
GNA
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