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    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

    Policy Rate increased by 100 basis points; now at 28%

    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

    AMA to roll out digital revenue collection system in March 2023

    We will not layoff Vodafone staff – Telecel

    Petrol to sell for GHS15 in February – IES

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

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    MTN to fight $773m tax bill from government

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    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

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Horticulture exporters urged to scale up production

November 17, 2022
in Agribusiness, Top Stories
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Horticulture exporters have been challenged to take advantage of the looming shortage of fruits and vegetables in Europe as a result of the raging Russia-Ukraine war to maximise their gains.

The Country Manager of the multi-national airport handling company, Swissport, Chris Goodsir, who made the call, explained that the war was creating an energy shortage in Europe resulting in greenhouses used for growing fruit and vegetables reducing their hours of operation.

“This has resulted in a shortage of fruit and vegetables in Europe and this means that exporters of these crops in West Africa have an opportunity to sell higher volumes of exports to Europe but at higher prices, too,” he said.

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Speaking at the maiden West Africa Agri Cold Chain Summit in Accra, Mr Goodsir said the development presented a window of opportunity for exporters to ship temperature-sensitive food, by harnessing cold chain logistics.

This, he said, came at a time when Ghana was desperately in need of export-driven foreign exchange.

On the theme “Unleashing Ghana’s Fruit and Vegetable Exports,” the event, organised by FreezeLink, a cold chain logistics firm, brought together key stakeholders in the pharmaceutical and fruit and vegetable export sectors to discuss pertinent issues impacting on the horticulture industry.

The discussions touched on the Russia/Ukraine war and increased fruit and vegetable exports from Ghana; the connection between ‘pre-cooling’ and Ghana’s currency crisis; and the reason why African fruit and vegetable exports, on average, earn 55 per cent below the global price for the same produce.

Intra-Africa trade

The Chief Commercial Officer (CCO) of Inspira Farms, an international cold chain equipment manufacturer, Dr Michele Bruni, said intra Africa trade was a hugely overlooked opportunity across the continent.

He said one of his company’s partners in Zimbabwe recently began selling apples in the Democratic Republic of Congo at higher prices than it sold them in its traditional market in Singapore.

FreezeLink

The Chief Executive Officer (CEO) of FreezeLink, Owusu Akoto, said the company was close to completing a World Bank-funded refrigerated fruit and vegetable terminal at the Cotonou International Airport.

He said it would enable farmers in Benin who produce chilli pepper, mango, banana, pineapple and pawpaw to export their produce to high-value international markets.

“Initiatives like the African Continental Free Trade Area (AfCTA) can only make their way from dreams to reality, if we have infrastructure that creates connectivity. Cold chain represents such vital connectivity for the food and healthcare sectors” he said.

Source: Graphic Online
Tags: Agri Cold Chain SummitHorticulture exporters
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