The fertiliser plant, scheduled to start next year, would provide more than 2,000 direct and indirect employment in the region.
Additionally, the plant is expected to provide timely and affordable fertiliser to farmers in the Eastern, Ashanti and Brong-Ahafo regions
The African Fertilizer and Agribusiness Partnership (AFAP) is conducting feasibility studies for the set-up of the project.
Mr. Isaac Kwadwo Asare, Country Manager, AFAP, briefing journalists in Ho, said the plant will blend different types of fertiliser for specific soil and crop types for greater yield.
He said his outfit had done data assessment and was ready to have the first blending plant close to the farming communities.
Mr. Asare said the project includes regular and vigorous education on fertiliser use and the creation of market for farm produce of clients of the Asogli Fertiliser Company Limited.
Mr. Theophilus Zotorglo, in charge of Fertiliser Registration, Plant Protection and Regulatory Services, Department of Agriculture in the Volta Region, said currently farmers in the region use generic fertiliser, which increases soil acidity and affects yields and welcomed the project.
Mr. Francis Seglah, in charge of the Government Fertiliser Subsidy Programme, Department of Agriculture, said fertiliser usage in the region is very low and that averagely, usage was around 30 kilogrammes per hectare and blamed the situation on cost of fertiliser.