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    World Trade Centre Accra Accra announces partnership with Altkom Akademia to offer professional education in Africa

    Ghana has the 4th cheapest average cost of internet in Africa – Statista

    Africa’s internet economy to cross $180 billion by 2025: Report

    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

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    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

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    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

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Vegetable exporters lament over 100% rise in cost of freight due to COVID-19

byPius Amihere Eduku
May 8, 2020
in Agribusiness, Local Economy, Top Stories
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The Vegetable Producers and Exporters Association of Ghana is lamenting the over 100% increase in the cost of exporting their produce due to the restricted movement caused by the coronavirus pandemic.

The over 500 member association Association says though cargo flights are allowed to operate, it is taking a toll on their operations compelling some of them to cut down labour to offset the rise in operating cost.

The President of the Vegetable Producers and Exporters Association of Ghana, Felix Kamassah, explained to Citi Business News that the cost of freight has since the closure of Ghana’s borders to passenger flights, increased from 1 dollar 10 cents to 2 dollars 70 cents.

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“The cost of freight is very expensive as we now pay $2.10 compared to the $1.70 we used to pay before. To some extent, the cost of freight can be as much as $3 depending on the destination of your produce,” he observed.

The Association has already presented a petition to the Presidency seeking the provision of special cargo flights to convey their produce such as okro and marrow.

Also, domestic off-takers of vegetables, mostly hotels, restaurants and other large shopping malls have reduced their purchase by about fifty percent, a situation Mr. Kamassah says is also having a toll on its members.

“There is a hotel I particularly supply which has reduced the quantity they take because the issue has affected the tourism sector. They tell me that since they are not sure of patronage, they cannot stock more than necessary. This situation affects we the producers as well as the tourism industry players.”

Meanwhile, Citi Business News understands that some vegetable producers have had to lay off workers to make up for the shortfall in revenue, while operating cost remains to be dealt with.

“I know one pack house which has had to lay off workers because most of them are casual workers. If the exports are not going on, then there is no need to keep the workers and continue to pay them,” Mr. Kamassah further emphasized.

For these vegetable producers, any intervention to lessen their plight need not delay any further.

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Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

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