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FINANCIAL NEWS
Qatar mulls farm JV with Ghana
05 Dec 2010
(MENAFN) Ghana’s vice-president John Darmani Mahama said that Ghana is in talks with Qatar to set up a joint venture company by early next year to produce food for both countries, The Peninsula reported.
Gulf states suffered when international food prices rose to record levels in 2008, forcing up their import bills.
They have since sought to lease and buy farmland in developing nations to improve security of food supplies.
Initially a pilot project would be set up on 50,000 hectares, said Mahama, declining to give details on the value of the deal.
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