Brong-Ahafo

Kumah Farms Enterprise

Kumah Farms Enterprise, founded in 1995, operates six different farms spread over 132 acres in the Brong Ahafo Region. It seeks $1.75 million in working capital and long-term capital to diversify its operations and expand into meat processing.

Investment needed: $1,750,000

USAID FinGAP Environmental Risk Review required
Business Type
Processing, Production
Deal Type
Debt, Equity, Greenfield, Mezzanine Finance
Financing
Cap-Ex, Working Capital
Value Chain
Maize, Soy

Market Opportunity

Annual broiler demand in Ghana is about 300,000 MT. This demand is met through importation of 200,000 MT of frozen chicken from countries such as the United States and Brazil. Although broilers produced in Ghana are reputed to be of high quality, local poultry producers have not been able to build the economies of scale to compete on price with frozen imports. Efforts by the Government and Ghana (GoG) and development partners to increase consumption of poultry meat by 14% and increase local production of maize and soy for making poultry feed creates an opportunity for poultry farmers to achieve economies of scale.

Investment Opportunity

Kumah Farms, established in 1993 as a poultry farm, has expanded its operations to include small game, apiculture, aquaculture, and crop production. It has acquired an additional 2,560 acres of land at Kintampo in the Brong Ahafo Region to expand its farming business and set up a meat processing facility. The estimated 100,000 MT supply gap for poultry meat and increased production of maize and soy for poultry feed provides an opportunity for Kumah Farms to increase production and expand into value-added meat processing.

Investment Required

Kumah Farms is seeking $1.75 million in investment to set up a meat processing facility. The funding will be used to establish an abattoir, meat processing and cold storage facility, and biogas plant; and procure a feed mill, packaging equipment, and refrigerated trucks. Kumah Farms is also seeking capital investment to renovate its fishery and expand its piggery, and working capital to support its diversified farming business.

BAS Needed

Kumah Farms may require a BAS provider to help raise financing for the project.

Environmental Considerations

A USAID-FinGAP ERR has not yet been conducted.

Supporting Initiatives

Several business initiatives are being pursued by GoG and its development partners in the Brong Ahafo Region and beyond, supporting a business environment conducive to the investment, including:

  • GoG Broiler Revitalization Project
  • USDA Poultry Feed Project
  • GCX
  • USAID-ADVANCE II, GCAP, SADA, NRGP

Contact Info

Nana Kwaku Siaw, Managing Director, +233 (0) 209 276 5506; kumahfarms@gmail.com