Category: Agribusiness
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Food prices to keep rising due to impact of COVID-19 – Esoko
Commodity price survey service company, Esoko, is predicting that the prices of food items will continue to rise in the coming weeks due to the impact of COVID-19 on supply and production of some commodities. This is premised on the fact that for the post lock down period, two of the major staple foodstuff, cassava…
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IFAD approves $20m support for Ghana’s Agric sector amid COVID-19
The Minister for Food and Agriculture, Dr. Owusu Afriyie-Akoto, has announced that the International Fund for Agricultural Development, IFAD, has approved a request $20 million dollars for Ghana’s food production and to deal with emergencies that may arise due to the COVID-19 pandemic. According to him, the the amount should be ready in a week…
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COVID-19 poses no major threat to Ghana’s food security – Agric Minister
The Minister for Agriculture, Dr. Owusu Afriyie-Akoto, says Ghana’s food security is assured, and that the country faces no shortage in spite of the Coronavirus pandemic in Ghana. According to him, the abundance in food is attributed to the success government’s flagship Planting for Food and Jobs Programme. Following the outbreak of the novel Coronavirus…
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Build capacity for local rice production to avoid shortage amid COVID-19 – Rice farmer urges Gov’t
Ghana risks a shortage of some agric produce particularly rice by the latter part of this year and into 2021, if government fails to build the capacity of players in the local rice value chain to boost production. That’s according to the Executive Director of Western Deedew Group Limited, a local rice production company in…
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No price drop expected yet for cocoa farmers due to COVID-19 – COCOBOD
The Ghana COCOBOD has downplayed suggestions that the producer price of cocoa may fall due to the outbreak of COVID-19 pandemic. COCOBOD in 2019 increased the producer price of the beans from GH¢7,640 to GH¢8,240 per tonne. With the global fight against COVID-19, most international trading commodities have seen plummeting prices with cocoa also being…
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COVID-19 won’t affect preparations for syndicated loan – COCOBOD assures
The Ghana COCOBOD says it is still going ahead with processes towards the signing of this year’s syndicated loan scheduled for August. According to the regulator of Ghana’s cocoa sub-sector, it is engaging all relevant stakeholders such as banks and traders through audiovisual conference calls to keep the process on track. COCOBOD normally starts the…
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Drastic measures needed to stabilize cocoa sub-sector amidst COVID-19 threat – Joe Jackson
The Director of Business Operations at Dalex Finance, Joe Jackson, says the economic impact of COVID-19 on agriculture and agribusiness, particularly the cocoa subsector, could hit farmers hard. According to him, the Ghana COCOBOD is projecting about a billion dollar in losses due to the spread of the virus. Ghana signed a syndicated loan facility…
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Farmers could slow production as demand reduces in lock-down areas – GAWU warns
In spite of measures taken by government to curtail the spread of the COVID-19 pandemic, including a partial lock-down in parts of the country, the movement of foodstuff into such locked-down areas is allowed. This is because food vendors are exempted from the exercise, thereby allowing markets to operate. But the General Secretary of the…
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ADB commits GH¢1m to Ghana’s COVID-19 fight
The Managing Director of Agricultural Development Bank (adb), Dr. John Kofi Mensah, has announced a GH¢1 Million package to support the government’s fight against the novel Coronavirus (COVID-19) pandemic. The decision according to Dr. John Kofi Mensah was taken at a Board Meeting last week. He says the amount is to be used to purchase…
