Category: Agribusiness
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JICA and other DFIs provide $600 million syndicated loan to COCOBOD
COCOBOD, Japan International Cooperation Agency, JICA and other Development Finance Institutions have announced a $600 million credit facility for COCOBOD’s Productivity Enhancement Programmes (PEPs). The facility is part of a number of projects in line with the Ghana beyond Aid agenda. In November 2019, Development Finance Institutions (DFI) including African Development Bank (AfDB), Japan International…
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Tree Crop Dev’t Authority will kick start this year –Agric Minister
The Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto, says government will soon inaugurate the Tree Crop Development Authority to boost export of crops such as cashew and cocoa. The Tree Crop Authority, which is part of government’s Planting for Food and Jobs programme, has been passed by Parliament and assented to by the…
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Banks have not held back support for 2020/2021 syndicated loan – COCOBOD clarifies
The Chief Executive of Ghana COCOBOD, Joseph Boahen Aidoo, has described as false media reports suggesting that banks have refused to finance a 1.3 billion dollar syndicated loan for the 2020/2021 crop season. Media reports in recent times said investors have withdrawn from financing COCOBOD due to the COVID-19 pandemic. But reacting to the reports…
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Cut down livestock importation and support local farmers – Animal Scientist urges Gov’t
An Animal Scientist, Doris Yaa Osei, says Ghana cannot continue to import livestock worth millions of cedis annually, when local farmers have the ability to produce for local consumption. According to her, the importation of pork, poultry and cattle, has seen tremendous increase over the years, with some 740 million cedis spent on livestock importation…
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Youth in Export Programme: GEPA begins training for 20 farmers
The Ghana Export Promotion Authority (GEPA), has commenced an orientation programme for the first batch of 20 beneficiaries selected to undergo six months of training under the Youth in Export Programme (YiEP). Addressing the media, the CEO of GEPA, Afua Asabea Asare, said the programme, which is a collaboration between GEPA and the Youth Employment…
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#CitiBusinessFestival: Farmers urged to consider agro-processing to boost revenue
Commercial Manager at RMG Ghana, Martin Tettey Nartey, has advised farmers and other stakeholders within the agriculture sector to invest in the agro-processing sector to boost revenue and economic development. He says the development of the agro-processing sector often has a stronger link to the agricultural sector than other sectors, and thus plays an important…
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#CitiBusinessFestival: Intensify efforts to reduce food imports post COVID – RMG urges Gov’t
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…
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#CitiBusinessFestival: Seek expert advice before venturing into agribusiness – William Nettey to entrepreneurs
Young entrepreneurs who intend to venture into agriculture as a business have been urged to seek professional advice before venturing into the sector. That’s according to the Head of Agribusiness at Absa Bank Ghana, Mr. William Nettey. As the novel Coronavirus continues to spread and pose a threat to food security, a lot of countries…
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#CitiBusinessFestival: Participants call for a shift in policy to reduce import of tomatoes
Participants at the third edition of the Virtual Business Forum, which is part of this year’s Citi Business Festival, are calling for a policy shift to reduce the importation of basic vegetables such as tomatoes. Ghana imported 99 million cedis worth of tomatoes from Burkina Faso in 2018. The country is said to also import…
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#CitiBusinessFestival: William Nettey offers solutions to challenges young entrepreneurs face in Agribusiness
Young entrepreneurs who wish to venture into agribusiness have been advised to pay critical attention to three areas in order to survive. For such individuals, identifying a sustainable market, using the right technology and financing are the main ingredients required to succeed in the space. Head of Agribusiness at Absa Bank Ghana, Mr. William Nettey,…