Category: Agriculture
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Current high inflation rate not an isolated event – Seth Terkper
Former Finance Minister, Seth Terkper has called on government to take a comprehensive look at the economy to resolve the high inflation rate phenomena being experienced and its knock-on effect on other parts of Ghanaian life. According to Mr. Terkper, the high rate of inflation is connected and tied to different aspects of the economy…
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Gov’t urged to ban export of crude palm oil to protect local market
The government is being urged to ban the export of Crude Palm Oil (CPO) from Ghana, to ensure local processors have access to the raw material for their work. According to stakeholders in the Crude Palm Oil industry, the current ban on the export of the product by other countries like Indonesia requires that Ghana…
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Supply of cooking oil to stall if Indonesia’s ban on palm oil export persists
Stakeholders in the crude palm oil industry are warning of supply disruptions for cooking oil and imported crude palm oil on the Ghanaian market in the next 2 to 3 months if the ban on palm oil export from Indonesia isn’t lifted soon. Indonesia, the world’s biggest producer of crude palm oil, ordered a ban…
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Price of cooking oil to rise following Indonesia’s ban on palm oil export
The price of cooking oil and other products like soaps and biscuits, that are produced using crude palm oil (CPO) should rise in the coming weeks in Ghana if the ban on the export of palm oil from Indonesia isn’t lifted. This is according to stakeholders within the palm oil industry. Indonesia, the world’s biggest…
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COCOBOD responds to Ablakwa on board of directors’ fees and allowance
The Ghana Cocoa Board (COCOBOD) has denied claims by the Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa on the payment of some allowances to directors of the Board. In a Facebook post, Mr. Ablakwa stated that, “Discussions on government expenditure cuts must assume a much broader scope. Take the Ghana Cocoa Board which…
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GAWU laments lack of gov’t policy to boost food production
The General Agricultural Workers Union is lamenting the government’s failure to implement policies that will ensure a boost in production of food this year. According to the General Secretary of the Union, Edward Kareweh, the current situation being faced by farmers with fertilizer subsidy and high cost of production will lead to a low output…
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MoFA clarifies reports of an authorised $13.7 million soyabean export deal
The Ministry of Food and Agriculture has clarified reports that it has authorized a 13.7 million dollar soyabean export deal a day after it announced a restriction on the exports of maize and soyabean. According to the Ministry, the information is distorted, as the soyabean export deal preceded the new restriction on the exportation of…
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ADB Bank’s profit jumps by almost 25% in 2021 to hit GH¢ 81.6 million
The Agricultural Development Bank, ADB Bank has continued its trend of profitability in the year 2021, after seeing its profit before tax rose by almost 30% to hit GH¢126 million at the end of last year. Strong growth in the banks’ net interest income and net fees and commission income among others, contributed to its…
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MoFA pledges to check smuggling of maize, soyabean following restriction on grains exportation
The Ministry of Food and Agriculture has pledged to intensify its efforts to check the smuggling of maize and other grains to other countries. This follows government’s restriction on the export of maize and soya beans to ensure food security and increase local poultry and livestock production. The General Secretary of the General Agricultural Workers…
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The Mastercard Foundation and IDH partner to strengthen Ghana’s grain market with ‘Grains for Growth’ program
The Mastercard Foundation and IDH – the Sustainable Trade Initiative, has announced the launch of an innovative partnership, dubbed Grains for Growth, to transform Ghana’s grains market. The Program aims to develop inclusive and economically viable grain-supply chains that will offer employment and entrepreneurship opportunities, contribute to better incomes and improve livelihoods of farmers, especially…