Category: Agribusiness
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GCX working to reverse drop in trading due to COVID-19 – CEO
The Ghana Commodity Exchange (GCX), says it is working to reverse the drop in activities on its platform due to the impact of COVID-19 on its operations. The Exchange has seen a huge drop in trading on its platform since the outbreak of COVID-19 in Ghana, as farmers who used to supply it with commodities…
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ADB to support poultry farmers with GHS500m to reduce chicken import
As part of efforts to help strengthen Ghana’s livestock sector, the Agricultural Development Bank (ADB), has announced a 500 million cedis loan facility to help poultry farmers from six regions. The move, according to the bank, is aimed at reducing the importation of chicken and make Ghana’s poultry industry competitive. Currently, Ghana’s annual import of…
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Jaman North: Cashew prices drop as COVID-19 slows down export
The coronavirus pandemic has almost not spared any sector of the world’s economy. In Ghana, the agric sector has also been affected in one way or another. One crop that has been severely impacted is the cashew nut. Cashew is the country’s leading non-traditional export earner, generating 378 million dollars in 2018. The Jaman North…
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GCX partners Venture Capital Trust Fund to support commodity traders
The Ghana Commodity Exchange has signed a Memorandum of Understanding with the Venture Capital Trust Fund (VCTF), to support brokers and help them have access to farmers in trading their farm produce. The move will also help thousands of farmers to get a good price for their harvest, while ensuring food security for the state.…
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Long-term plan required to protect farmers from shocks after COVID-19 – Peasant Farmers Assoc.
The Ghana Peasant Farmers Association, has advised government to have a long-term plan to cushion farmers against unforeseen circumstances and pandemics like COVID-19. The Association says the outbreak of COVID-19 should serve as a guide to protect farmers against natural occurrences that may affect food production and threaten food security. Following the outbreak of the…
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COVID-19 threatens rice production in Builsa South – MoFA District Director
The Builsa South District Director of the Ministry of Food and Agriculture (MoFA) in the Upper East Region, Mr. Sylvan Dauda Danaa, has said that the COVID-19 situation may affect rice production in the area. He says there is the need for intensive education if production is to increase. According to him, even though there…
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Peasant farmers call for more support to boost production amid food security threat
The Peasant Farmers Association of Ghana, has warned against a possible food shortage during the harvest season in November and December this year, if small holder farmers are not supported amid the threat of COVID-19. According to the Association, the disruption in seed and fertilizer supply, coupled with a decline in demand for foodstuffs from…
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Vegetable exporters lament over 100% rise in cost of freight due to COVID-19
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…
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COVID-19: RMG Ghana offers massive support to farmers for 2020 planting season
One of the major companies in Ghana’s agriculture industry, RMG Ghana Limited, has announced a 100,000 cedis support package to encourage Ghanaian farmers to keep up with agricultural production to prevent food scarcity as the country institutes measures to mitigate the impact of the COVID-19 pandemic. The gesture will also benefit other stakeholders such as…
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GEPA to distribute 160,000 coconut seedlings to farmers to boost production
As part of efforts to boost evenue from non-traditional exports, the Ghana Export Promotion Authority, GEPA, is set to distribute 160,000 coconut seedlings to some farmers in the country to increase coconut production. Ghana is seeking to rake in 2 billion dollars from the export of coconut by 2023. Already, GEPA has distributed 100,000 coconut…