1. Premium Food Limited
Established in 1999, PFL is a fully Ghanaian-owned agro-processing company located Jachie in the Ashanti Region of Ghana
PFL currently operates a mill that has an annual processing capacity of 36,000 tons in 7,200 run hours.
We process, supply and trade in blended/ fortified flours of maize,soybean,millet and sorghum.
We are diversifying our product line to include products in cassava and rice. Our commercial products of cassava will hit the market from July 2018
Our key market outlets include:
the World Food Programme, (WFP)
the Poultry and Beverage Industry and
Finished product distribution companies based mostly in Ghana but also in Burkina Faso.
Our new premises that will increase our milling capacity from 6 tons/hr to 24tons/hr is currently under construction at Kwaso in the Ashanti region of Ghana.

2. Success Story of PFL so far (Economic & Social Impacts and Progress)
Since our decision to ‘Go-Farming’ PFL has directly supported the efforts of 7,600 smallholder farmers in various parts of Ghana, especially the northern regions to produce about 5,000tons of maize. About an equal number of farmers have been assured of markets and encouraged to increase their productivity of targeted crops.
Over hundred thousand, (100,000) tons of maize has been processed into grits for the Ghanaian beverage industry alone in the past 5 years
More than 40,000 tons of maize have been processed into fortified blended foods for WFP Ghana and the sub-region.
Currently PFL processes 25,000 tons of maize per annum for the brewery industry and about 7,000 tons into fortified blended foods for the local and sub-regional markets.
PFL is expanding its flour processing and blending capacity from an existing 6tons/hour to a 24tons/hour facility which construction is about 45% complete.
In partnership with WAFM, PFL is investing over £1.308 million for an exclusive High Quality Cassava Flour, (HQCF), processing line at the new factory. This will enable a processing of more than 29,000tons of HQCF per annum from July 2018.
The investment in HQCF which is being supported by WAFM also involves supports to smallholder cassava farmers and the training of community-based processors to consistently supply dried cassava chips to feed PFL’s central flourmill
HQCF so produced will be sold at cross-border market

3. External Financing Challenges & Needs
Working capital to incentivize farmers, buy raw cassava roots, make initial payments of operating labor and pay for utilities for newly established PDCs, (approx.GBP400,000 required from June to Dec 2018 for CASH-P)
Challenges
cost of capital obtained from regular banks/financial institutions, (interest rates of 28% too high)
Commodity concerned, (HQCF) is going to be relatively new on the market.
High risk product
Marketing costs
High costs for organizing scattered smallholders and farmer groups of cassava into the desired supply groups/associations of raw roots at PDCs