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    GHASALC laments drop on number of digital transactions following e-levy

    Italy’s top producers of agro-tech products explore opportunities in Ghana

    Gov’t to commence talks with IMF for bailout

    Financing agric sector alone not enough to grow it – GIRSAL CEO

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    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    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”

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

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1D1F: Ekumfi Juice, Casa De Ropa to pick up after COVID-19 slowed production

August 10, 2020
in Agribusiness, Top Stories
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Mangers of two major factories under government’s One District One Factory initiative in the Central Region, Ekumfi Fruit and Juices Factory, and Casa de Ropa company, say although they have been negatively impacted by the COVID-19 pandemic, their production capacities have not been significantly reduced.

The two firms, which have received credit facilities from the Ghana Export and Import Bank, say they have measures in place to increase production post-COVID-19.

The Ekumfi Fruit and Juices Factory, located at Ekumfi Nanaben, was set up to work with outgrower schemes to grow pineapple for processing under the One District One Factory initiative.

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The factory produces pineapple juice under the brand name ‘Eku juice’, comprising 100% pineapple with no additives.

It has the capacity to process and package 80 to 150 metric tons of pineapple per day. It processes other fruits aside from pineapple, and has the capacity to produce 10 tons of fruit per hour making it one of the biggest fruit processing factories in West Africa.

The Casa de Ropa factory on the other hand, is also into the production and processing of orange fleshed sweet potatoes into bread, chips and other pastry products.

It is also a green field project and can produce between 7,200 metric tons of pastries per day with a workforce of 150.

The factories, like other businesses, were not spared the negative impact of the COVID-19 pandemic.

The companies say their supplies to schools and other institutions locally were affected in March, when the three-week partial lockdown started; nonetheless, they maintained their workforce.

“It adversely affected our businesses especially in March when the lockdown started. So, we had to reorganise our production schedule. We produce a lot; the potato pastries for school children. We also have a big restaurant on the University of Cape Coast campus, so once the school system was shut down it affected us. But as at now with the easing of the lockdown restrictions things are picking up,” Ebenezer Obeng Baffoe, CEO of Casa De Ropa said.

For Frederick Kobbyna Acquah, Director of Operations at Ekumfi Fruit and Juices factory, he said “the COVID-19 pandemic has affected all our projections. In the early days it led to a complete shutdown of the business, which has affected every aspect of the business and our plans especially for the schools.”

Director of Corporate Affairs for the Ghana Exim Bank, Richard Osei Anane, says they are ready to defer loan payments due to the impact of COVID-19 on the businesses.

“COVID-19 pandemic is a global pandemic. Obviously, companies and projects would have to redesign how they will strategize to meet their demands. Businesses have slowed down, so as a financial institution, we are ready to prolong the loan payments of our clients because this a force majeur,” he said.

The two factories have not begun exporting their products to Europe and elsewhere although there are plans to do that in the long-term. According to them, they want to satisfy the local market first.

“That is the non-traditional export sector. These two factories were financed by Exim Bank so that they will use the raw materials here to produce. There is local demand for their products. So, the strategy is for them to satisfy the local market and export later,” he added.

Source: Calvis Tetteh / citibusinessnews.com
Tags: Casa de RopaCOVID-19Ekumfi Fruit and Juices FactoryOne District One Factory
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