Takoradi: The Benso Oil Palm Plantation (BOPP) PLC has invested GHS107 million in the development of a 3,030-hectare smallholder and out-grower oil palm project. Out of the total hectares planted, 1,630 hectares had reached maturity, with the remaining 1,400 expected to reach maturity by the end of 2026. The Out-grower Value Chain Fund, a development agency, had approved funding for the development of out-grower projects to benefit 2,000 smallholder farmers over a three-year period, with BOPP serving as a technical partner.
According to Ghana News Agency, the company also maintained its position among the top ten best-performing companies on the Ghana Stock Exchange and retained the coveted Roundtable on Sustainable Palm Oil certification (RSPO), reaffirming its reputation as a model of best management practices in Ghana and across Africa. Dr. Alfred Mahamadu Braimah, the Board Chairman of BOPP PLC, disclosed these achievements as he delivered the company's 2025 Annual Report and Financial Statements during the Annual General Meeting in Takoradi. He noted that the company's financial performance remained strong despite domestic and global economic challenges in 2025. Revenue for the reporting period grew by six percent year-on-year, driven by improved trading prices of palm oil and palm kernel oils.
However, profit after tax declined by 10 percent compared to the previous year, recording GHS84.224 million against GHS92.983 million achieved in 2024. The decline was attributed to industry-wide cost spikes due to higher out-grower Fresh Fruit Bunches prices, increased processing, labor, engineering and factory spares, and manufacturing overheads by 12% over 2024. Dr. Braimah explained that the company's sustained performance trajectory reflected its continuous focus on cost efficiency, sound policies, and effective risk management systems.
In 2025, BOPP processed 121,787 metric tonnes of Fresh Fruit Bunches (FFB) and injected GHS72 million into communities within the Western and Central Regions through the purchase of 33,343 metric tonnes of fresh fruit bunches from smallholders and out-grower farmers. The Board Chairman further noted that the company performed well in regulatory compliance and incident prevention, with a focus on environmental sustainability, health, and safety.
As part of its Corporate Social Responsibility initiatives, the company invested GHS720,000 in 2025, compared to GHS1.6 million in the previous year, towards scholarships, road improvement projects, a CHPS compound, and the construction of a three-unit, two-bedroom nurses' quarters, among other interventions. He further stated that the company continued to focus on in-house projects, with education remaining a key priority. BOPP sustained its tertiary scholarship programme for brilliant but needy students from surrounding communities and employees' children. During the academic year, 44 students benefitted from the scheme, including eleven students from beneficiary communities and thirty-three employees' wards.
To date, the programme had supported fifty-seven students from surrounding communities with cumulative financial assistance amounting to GHS578,000. Additionally, since 2011, two hundred and twenty-four employees' wards have received scholarships valued at approximately GHS2.1 million. Dr. Braimah also commended the Government of Ghana for efforts aimed at reducing the influx of illegal and grey imports through policy interventions. He added that effective implementation of the ban would make investment in palm oil production more attractive and contribute significantly to the national objective of increasing local oil palm production and reducing the country's reliance on imports of edible oil, estimated at about US$200 million annually.
BOPP PLC also announced a final dividend payment of GHS0.2420 per share in addition to the interim dividend of GHS1.0627 per share declared during the September year-to-year review by the Board. Shareholders expressed satisfaction with the prudent management of the Board and Management, noting that their leadership had made the company profitable, strong, and resilient.