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New alliance in Africa for Bf. The group that developed around Bonifiche Ferraresi through the subsidiary Bf International Best Fields Best Food Limited has started the corporate partnership with Musahamat Farms Limited, a Ghanaian company active in the agricultural sector and, among other things, in the cultivation and planting of bananas. In particular, the parties established the company Bf Ghana Limited, a corporate vehicle governed by English law controlled by Bfi and established for the development of agriculture in Ghana, to which the operational business branch of Musahmat was transferred (for the management of which a specific secondary headquarters is planned in the territory of the Republic of Ghana) which includes, among other things, approximately 260 workers, as well as the assignment, as a result of the authorization already issued by the Ghanaian government, of the concession for the cultivation of a The area located in the Volta River region covers an area of approximately 1,700 hectares.
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The agreement in Ghana
Based on the agreements signed between the parties, Bf Ghana will become the recipient of a further concession for the cultivation of an area located in the same region for an extension of approximately another 5,900 hectares. The 2024-2027 industrial plan, approved by the Bf Ghana board of directors, provides, among other things, for the cultivation and production of corn, soybeans, wheat, rice, tomatoes, intended for the internal market, and bananas, as well as investments for the construction and implementation of an irrigation system that will allow the extraction of water from the Volta River and will include bearing lines to transport and supply water throughout the arable area. The partnership in Ghana is part of the Bf group’s broader international development project.