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    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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    CBOD calls for a more structured supply of Forex for petroleum products

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    Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

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

    BoG, CSA deepen collaboration to fight cyber threats

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    Intravenous Infusions PLC records 10% growth in profit in 2021

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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    Cedi Summit comes off today at Alisa Hotel

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

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Producer Price Inflation rises again to hit 33.5% in May 2022

    #CitiBusinessFestival: Garment industry needs financial support to thrive – Cyndex CEO

    Ghana tops list of countries with cheapest cost of electricity in West Africa

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    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    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

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

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    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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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

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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#CitiBusinessFestival: Intensify efforts to reduce food imports post COVID – RMG urges Gov’t

byNerteley Nettey
June 18, 2020
in Agribusiness, Local Economy, Top Stories
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Government has been urged to quicken efforts to drastically reduce the amount of food and other consumables imported into the country after the novel Coronavirus pandemic is dealt with.

Ghana’s food import bill had been rising steadily in the past, reaching a staggering amount of 35 billion dollars around 2018, and it is projected to move to 110 billion dollars by 2025.

But according to the government, the success of its flagship program, the Planting for Food and Jobs, is helping turn things around.

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Speaking as part of the on-air series of the Citi Business Festival on the Citi Breakfast Show, the Commercial Manager of RMG Ghana, Martin Tettey Nartey  said more needs to be done.

“Ghana is importing as much as 2.4 billion dollars worth of food every year and we are giving this 2.4 billion dollars to a farmer elsewhere. So, imagine if Ghanaian farmers start taking part and enjoying from a chunk of this 2.4 billion, definitely our livelihood would actually improve. In the year 2018, Ghana imported 425 million US dollars of rice and this is rice coming from Pakistan, Korea, India, Thailand, Japan, Vietnam, USA. Yet we have that land that we can  do such production to start substituting the import we are bringing to the country in terms of food. So, I think the opportunities are clear,” he said.

He also bemoaned the lack of improved agricultural productivity technologies and mechanization to enhance yields in Ghana.

“First and foremost it’s  the mechanization for service provision. If we start mechanizing that, then we will reduce the drudgery on farmers. Agriculture, then no more becomes a difficult venture because there are mechanisms in mechanization. There will be machines, there will be tractors that will be helping you,” he said.

“We are adopting the new technology, but I think we are not adopting it fast enough. And the reason why the rest of the world, which is doing about 50% and we are doing lesser is because they have adopted improved technology, improved mechanization and improved processing, and that is why they are getting better yield than we do,” he added.

The 2020 edition of the Citi Business Festival is brought to you by Citi FM and ABSA Bank, and supported by GIPC and your most comprehensive business news website; citibusinessnews.com.

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