President John Mahama says government will assist the chiefs and people of Ddzodze in the Volta Region to establish a palm oil processing plant.
Speaking at the Deza (Oil Palm) festival on Saturday, the president lauded the chiefs for releasing 50-acre land for oil palm plantation.
“Assistance is going to be given for the establishment of plantations, like the 50-acre plant you intend to develop but other small holders will also be assisted to not only establish the plantation but also to look after the plantation,” he said.
“A major part of the investment we are going to make is to provide process plant for the production of palm oil,” he added.
“In preparation for the investment we are going to do in oil palm, last month cabinet passed the oil palm regulatory board [bill] to be put before parliament in October. When parliament passes the Act, a board will be set up and it will be responsible for driving investment in that sector,” he said.