BOPP Invests GHS 107 Million in Oil Palm Project
Benso Oil Palm Plantation PLC commits funds to expand smallholder and outgrower oil palm cultivation across 3,030 hectares.
Dr. Nana Asare | StatsGH |
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Out of the total land, 1,630 hectares of oil palm have already matured. The remaining 1,400 hectares are expected to reach full maturity by the end of 2026, further increasing production capacity. The Outgrower Value Chain Fund has also approved additional funding for outgrower projects. These projects will benefit 2,000 smallholder farmers over three years, with BOPP acting as the technical partner.
This investment by BOPP aligns with Ghana's broader economic goal of reducing its dependence on imported goods. Ghana imports edible oil worth approximately US$200 million annually. Boosting local palm oil production directly supports the government's efforts to increase domestic agricultural output. This helps to conserve foreign exchange reserves and create jobs in rural communities. The project also contributes to food security by ensuring a more consistent supply of a staple commodity.
Dr. Alfred Mahamadu Braimah stated that the company maintained its position among the top 10 best-performing companies on the Ghana Stock Exchange. He also noted that BOPP retained its Roundtable on Sustainable Palm Oil (RSPO) certification. This certification confirms BOPP's commitment to best management practices in Ghana and across Africa.
The new oil palm project has important implications for both BOPP and the broader Ghanaian economy. The expansion of cultivated land promises increased yields and revenue for BOPP in the long term. This could potentially offset some of the cost pressures the company currently faces. For smallholder farmers, this initiative provides a stable income source and access to technical expertise. It also enhances their livelihoods and strengthens rural economies. The government's focus on curbing illegal and grey palm oil imports could further boost the profitability of local producers like BOPP. This would make investment in local palm oil production more attractive and contribute significantly to national economic growth. Investors will keenly watch BOPP's future financial statements for signs of recovery in profit margins. They will also observe the effectiveness of government policies in tackling illicit imports.
Despite challenges, BOPP recorded strong financial performance in 2025. Revenue grew by six per cent year-on-year, driven by improved trading prices for palm oil and palm kernel oil. However, profit after tax declined by 10 per cent, falling from GHS 92.983 million in 2024 to GHS 84.224 million in 2025. This decline was due to rising industry costs, including a 12 per cent increase in processing, labour, and manufacturing overheads. The company processed 121,787 metric tonnes of fresh fruit bunches in 2025. It injected GHS 72 million into communities by purchasing 33,343 metric tonnes of fresh fruit bunches from local farmers. BOPP also paid a final dividend of GHS 0.2420 per share, alongside an interim dividend of GHS 1.0627 per share. These payments demonstrate the company's commitment to shareholder returns despite internal and external pressures.