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Tag Archives: GAWU

Agric’s contribution to GDP records eighth decline in a row

Dr. Owusu Afriyie Akoto - Minister of Agric

Despite plans by the current administration to revamp the agricultural sector and make it the leader of Ghana’s economy, the sector has rather seen a decline in its contribution to GDP for yet another time. At least this is according to the 2017 figures released by the Ghana Statistical Service. The percentage of its contribution to GDP stood at 18.9 ...

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GAWU calls for restriction on food imports from S.Africa                                   


The General Agricultural Workers Union (GAWU) has called for the immediate ban on the importation of food products from South Africa. According to GAWU, a further delay by government could put Ghanaians at a high risk. “That is what we should do immediately because until we are satisfied that products coming from South Africa are wholesome to be consumed, then ...

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GAWU rejects reduction of cocoa prices in Ghana


The General Agricultural Workers’ Union (GAWU) has opposed suggestions that government reviews downwards the producer price for cocoa to offset any drop in revenue from the cash crop. GAWU fears any such move will have dire implications for the cocoa sector and distort economic plans for the year. The Economist Intelligence Unit (EIU) has warned Ghana against a further drop ...

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Banks’ lending rates drop marginally

bog microfinance

Citi Business News’ checks have revealed that the Annual Percentage Rates and Average Interest Rates recorded in October have dropped marginally as compared to that of September 2017. Between September and October this year, all but one of the nine categories of the Bank of Ghana’s Annual Percentage and Average Interest rate report, witnessed a marginal decline in interest rates. The ...

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Supermarkets ditch local fruit juice for foreign ones


Some local fruit juice manufacturers have blamed the low patronage by supermarkets and retail shops for their uncompetitiveness. They say the development has also contributed to the limited market and subsequent low demand for their goods. The Commercial Manager for Kingdom Premium Fruits, John Paul Semavor explains that the situation has also made it unattractive for them to expand their ...

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Make farmers part owners of agric factories – Industry

agric processing

Players in the agric sector have called on government to make farmers shareholders of some of the factories that will be established through the one district, one factory initiative. This they believe will sustain the factories and ensure inclusiveness for all stake holders. “In order for the factories to be sustained, the farmers must be made shareholders, that way they ...

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Developing agric: GAWU demands long term policies

agric  more

The General Agricultural Workers’ Union (GAWU) has tasked government to provide long-term policies to increase the agric sector’s contribution to economic growth. GAWU believes measures pursued by successive governments have been short term ones hence their minimal impact in achieving the intended results. GAWU’s comments follows the launching of the government’s ‘Planting for Food and Jobs’ programme at Goaso in ...

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Ghana to lose agric lands to galamsey – Agric workers


The General Agricultural Workers Union (GAWU) has cautioned that Ghana risks losing its agricultural lands in the near future due to increasing galamsey activities. According to GAWU, food production may drop massively if the issue of galamsey is not addressed immediately. The development has also caused some farmers to abandon their farm activities and relocate to nearby communities to prevent ...

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Ghana likely to miss 2017/18 cocoa target over unfavourable weather


Ghana may miss its cocoa production target for the 2017/2018 crop season if the weather pattern forecast by the Ghana Meteorological Service is anything to go by. The service has predicted severe weather pattern that may cause downpour leading to flooding in the coastal zones but minimal levels in the middle belt. Already, the number one cocoa producer in the ...

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Average interest on agric loans is 33.2 percent – BoG report

Dr. Owusu Afriye Akoto -  Minister of Agriculture

Average interest rate on agricultural loans by banks has increased marginally to 33.2 percent as at the end of February this year, the Bank of Ghana’s Annual Percentage Rate and Average Interest report has shown. The report also shows that First Atlantic Bank offers the highest agric loans at 41.2 percent. But Standard Chartered Bank offers the lowest rate of ...

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