Category: Agriculture
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Government must step up efforts to curb fertilizer smuggling — Peasant farmers
The Peasant Farmers Association of Ghana has said government is not doing enough to seal its porous borders which allow smuggling of subsidized fertiliser among others to thrive. The farmer association’s statement comes after the Ministry of Food and Agriculture (MoFA) revealed that more than 50,000 bags of subsidized fertilizer under the Planting for Food…
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PIAC commends increase in oil cash invested in agriculture
The Public Interest and Accountability Committee (PIAC) has commended government for increasing the amount of oil revenue invested in the agricultural sector last year. In 2018, more than GH¢251 million was invested in the agricultural sector which represents more than 61 percent increase in the allocation made to the sector in 2017 when government invested…
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Producer Price of cocoa cannot be increased now–COCOBOD to Minority
The Ghana Cocoa Board has chastised the minority for calling for an increase in the producer price of cocoa, saying COCOBOD has been vindicated for taking steps to maintain the producer price at GHC 7,600 per tonne despite cocoa prices’ bad performance on the international market in recent years. The comments follow a recent call…
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Minority opposes IMF’s calls to reduce producer price of cocoa
The Minority in Parliament has called on the government to ignore calls from the International Monetary Fund (IMF) to reduce the producer price of cocoa from the current GH¢7,600 per tonne. According to the IMF, it has become critical for government to reduce the producer price of cocoa to ensure that the Ghana Cocoa Board…
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Govt establishes Tree Crop Dev’t Authority to boost export of timber
Government has announced the establishment of a Tree Crop Development Authority to regulate the production and sale of tree crops in the country. The Authority will enact policies to streamline the activities of farmers in the tree crop sector. The establishment of the authority follows the launch of the Planting for Exports and Rural Development (PERD),…
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Planting for Export and Rural Development will stabilize economy – Nana Addo
President Nana Akufo-Addo says the Planting for Export and Rural Development (PERD) will play a key role in stabilizing the economy. The programme aims to promote rural economic growth and improve household incomes of rural farmers. Under the program, farmers will receive certified improved seedlings, extension services, business support and regulatory mechanisms. Speaking at the…
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Ghana sells 380,000 T of 2019/20 cocoa export contracts by mid-April
Ghana’s cocoa marketing company has sold around 380,000 tonnes of export contracts for the 2019/20 season, sources there and at the industry’s regulator Cocobod. The Cocobod source said between 60,000 and 80,000 tonnes of export contracts were sold during the first 10 days of April. The sources provided no comparative figure for the 2018/19 season.…
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Ghana cuts its cocoa crop forecast due to plant disease
Ghana cut its forecast for the current season’s cocoa harvest by 6 percent because of plant disease in its biggest growing region, according to two people familiar with the matter. The regulator of the world’s second-biggest cocoa producer lowered the production estimate for the annual crop through September to 850,000 metric tons, from 900,000 tons…
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$23m AFT Fund to support bankable agriculture projects in Sub-Saharan Africa
The African Development Bank is confident a newly secured $ 23 Million grant under the Agriculture Fast Track Fund, will go a long way to improve some aspects of the Agriculture value chain in Ghana. The funds, which will benefit 17 new projects in 8 countries, is expected to be used for feasibility studies, market…
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Listing Soyabeans on Commodity Exchange to boost earnings of farmers – GCX boss
The Chief Executive Officer of the Ghana Commodity Exchange (GCX), Dr. Kadri Alfa is confident the listing of soyabeans on the Exchange will help turn around the fortunes of soybean farmers across the country. The commencement of trading of soybean on the Ghana Commodity Exchange brings to three the number of commodities being traded on…