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Els MBN360 News
Abdul Razak Baba, the Deputy Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), has signaled a major push to integrate rural agro-processing into the nation’s burgeoning 24-hour industrial framework, during a strategic engagement at Central Oil Mills Limited in Jukwa Mfuom.
The DCEO emphasized that the facility’s expansion is a direct reflection of the “Grow24” and “Make24” pillars of the government’s 24H+ Programme. By transitioning from traditional milling to high-value product lines – including palm cream concentrate and specialized eggplant and turkey berry brews – Central Oil Mills is positioning itself as a central actor in Ghana’s industrial reset.
“Central Oil Mills is a vital example of the agro-processing revolution we are driving through the Regional Investment Roadshow. By aligning their operations with the 24-Hour Accelerated Export Development Programme (24H+), they are proving that Ghanaian enterprises can move from basic milling to sophisticated, export-ready products.
“GIPC is committed to unlocking the growth potential of this facility by connecting it to the right investors and development partners”Abdul Razak Baba, DCEO of GIPC
GIPC noted that the factory, led by General Manager David Sagoe, is currently diversifying its portfolio to move beyond crude palm oil. The introduction of turkey berries and eggplants in brine, alongside innovative “palm-turkey berry,” blends, represents the kind of value addition that the 24H+ Programme seeks to replicate across all 16 regions.
A primary focus of the engagement was the operational transition required to meet the demands of a 24-hour cycle. Mr. Sagoe demonstrated the current milling capacity but highlighted that scaling to meet international orders requires more than just machinery.
He outlined a critical need for consistent working capital and enhanced market access to sustain the “Accelerated Export,” vision.
Strategic Alignment
The GIPC delegation’s visit is part of a broader effort to ensure that the “Reset Agenda,” is felt at the district level. By targeting the palm oil and vegetable value chains, GIPC is addressing structural bottlenecks in the Central Region’s economy.
“Mr. Baba reaffirmed that through the IOMP, GIPC is creating a single-window facilitation model for companies like Central Oil Mills. This ensures that the 50% tax rebates and time-of-use electricity tariffs promised under the 24-hour economy policy reach the producers who need them most”Ghana Investment Promotion Centre
The engagement concluded with a commitment to long-term partnership. General Manager David Sagoe noted that the factory’s success would directly impact rural wealth in Jukwa Mfuom, providing a guaranteed market for local farmers who supply the raw turkey berries and eggplants.
“We are building an economy that works for everyone, every hour of the day. The commitment from GIPC to connect us with development partners is timely. This partnership will allow us to strengthen our supply chains and ensure that no resource goes to waste”David Sagoe, General Manager of Central Oil Mills
As GIPC prepares to showcase these opportunities at upcoming international investment forums, Central Oil Mills stands as a blueprint for how traditional agribusiness can be modernized for a global, 24-hour market.
