Ghana Rubber Estates Limited

Ghana Rubber Estates Limited is a company based out of Ghana. Ghana Rubber Estates Limited (GREL) started as a small private plantation established by R. T. Briscoe in 1957 at Dixcove with a plantation size of 923 hectares. The plantation was nationalized into Agricultural Development Corporation (ADC) in 1960 and later, State Farms Corporation in 1962. At that time, the rubber plantation had expanded to 36,390 hectares in Dixcove, Abura and Subri. The Ghana Government, in 1967,established a joint venture company with Firestone Tyre Company of USA to take over the rubber plantation. This joint venture company was Ghana Rubber Estates Limited (GREL). By then, the plantation had expanded to 39,390 hectares. GREL became wholly state-owned in 1980 when Firestone sold its shares in GREL to the Ghana Government. However, the Ghana Government entered into a financing agreement with the then Caisse Francaise de Development (CFD) now Agence Francaise de Developpment to rehabilitate and man...