Tag: Dr. Owusu Afriyie Akoto
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Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister
The Minister of Food and Agriculture Dr. Owusu Afriyie Akoto, has reiterated government’s plan to introduce legislation that will compel banks to lend more to the Agriculture sector. He made the remark at the launch of the Agriculture Stakeholder Convening and Advocacy Platform (ASCAP) by GIRSAL in Accra. The platform will seek to engage government…
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A law that will compel banks to lend to Agric sector players being considered – Min. of Agric
The Minister of Food and Agriculture has called out the banking sector for the poor level of support it has given to Ghana’s agriculture sector over the years. Despite the improvement in credit to the private sector in the past few months as economic activity picks up, the Agriculture sector in addition to Forestry and…
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Importers of organic fertilizer to Ghana urged to look for local alternatives
As the Russia and Ukraine war disrupts the supply of fertilizer to Ghana and other parts of the world, the Ministry of Food and Agriculture has called on importers of organic fertilizer to consider procuring their raw materials from Ghana. According to the ministry, the current demand for organic fertilizer stands at 30,000 metric tons…
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COCOBOD will receive $190 million this week to settle farmers – Afriyie Akoto
Cocoa farmers who are yet to receive payment for cocoa beans they supplied to Licensed Buying Companies (LBCs) for the 2020/2021 cocoa season, should expect payment soon as monies that will be used in settling them is expected early this week. This was made known by Food and Agriculture Minister-designate, Dr. Owusu Afriyie Akoto, when…
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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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Ghana rice consumption: JAK Foundation, others to monitor state institutions’ compliance
The John Agyekum Kufour (JAK) Foundation and its partners, the Rice Millers Association and the Ghana Rice Inter-professional Body, have outlined measures to monitor state institutions’ purchase of Ghana rice. Their commitment comes on the back of President Akufo-Addo’s directive to state institutions to purchase Ghana rice from January 2020. Speaking at a press conference…
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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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Cocoa prices remain at GH¢7,600 per tonne
The government has kept the price of cocoa unchanged for yet another time. This means the industry regulator will be buying a tonne of cocoa beans for GH¢7,600 from cocoa farmers for the 2018/2019 crop year; same as it did for the just ended crop season. But the Ghana Cocoa Board (COCOBOD) wants the government to…
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Declining cocoa prices cost Ghana $ 1bn annually
Ghana is losing at least 1 billion dollars every year from the declining prices of cocoa on the international market. The development is also said to be impacting on projected revenue from the cash crop to improve operations in the subsector. The development notwithstanding, the government has maintained the producer price of cocoa for farmers.…