The Aveyime Rice
Project covers an area of about 3,177 acres. Since its establishment, this project has not seen effective functioning. Some four rice brokers have been milling paddy at the facility under the supervision of the Interim Management Committee that was put in place in 2001.
In May 2005, my Ministry started a programme to identify a Strategic Investor to partner Government to bring the mill into full operations. As a result, my Ministry received technical and financial proposals from valuers for consideration since we have to get the true value of the assets before opening up for strategic partners.
The evaluations of the proposals were carried out by the Ministerial Tender Committee and in December, 2005, contracts were awarded for the valuation of the farmlands and the mill. The valuations were completed and the report sent to the Ministry by the end of May 2006. As already mentioned, the valuation, and the figures thereof shall form the basis for the negotiation with any potential investor.
On July 19 2006, advertisements for the expression of interest were carried out in the national papers and in the DG Market. Six firms responded to the advert and the ministerial tender committee, in September 2006, invited them to submit their technical and financial proposals for consideration.
The proposals, included:
1. The running of the rice mill with Government of Ghana retaining fifty-one per cent (51%) equity share.
2. Cultivation of rice on the available land without Govern- ment's involvement.
3. Development of an out-grower
scheme for the local rice farmers.
The six firms included:
Messrs Integrated Rice Company Ltd P. O. Box 240, Osu, Accra.
Messrs Prairie Texas Inc. 3 4 0 8 F o r r e s t e r L a n e , Wa c o ,
Texas, 76708, USA.
Messrs Bonsu and Bordum Int. Ghana Ltd. Miamona Close, South Industrial Area P. O. Box 597 Kaneshie, Accra.
Messrs Finatrade Place du Midi 36-1950 Sion, Switzerland.
Messrs Valmont Irrigation 7002N, 288th Street Nebraska 68063-0358, USA.
Messrs Uniex Ghana Ltd. 1st Floor, Kojo Thompson Road, Adabraka P. O. Box CT 1562, Cantonments, Accra.
Only two out of the six firms submitted proposals as at the closing date of 26th October, 2006. They are Messrs Integrated Rice Company Limited and Messrs Prairie Texas Inc.
Proposals of the two firms have been evaluated and recommendations forwarded to Cabinet in December 2006. Cabinet has also referred the report to its Sub-Committee for study and advice.
Mr. Speaker, as soon as we finish with that, we will enter into negotiations and we will re-activate Aveyime farms.