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Agribusiness

  • Thumbs Up for Ghana’s agric sector, resumes export of maize, other foodstuffs to neighbours

        YAM TUBA   Ghana resumed the export of maize to three neighbouring countries, including Burkina Faso, Ivory Coast, and Togo.This comes at the heels of similar feat in the area of plantain, with reports that several tons of the foodstuffs were being exported to countries in the...[READ MORE]

  • $1b dollar sugar factory to be constructed by , Dr Abdulhakeem Halsabou at Dipali through 1D1F

      A $1 billion dollar sugar factory is to be constructed at Dipali in the Savelugu municipality in the Northern Region under the government's One district, One factory (1D1F) programme. The construction of the factory, which would begin by the close of this year ( 2018) and completed in three years’ time, is expected to create about 30,000...[READ MORE]

  • Africans throw the challenge to produce 40% of global chocolate

        Ghana and three other cocoa-producing countries in Africa have been charged to set the target to produce a minimum of 40 per cent of the world’s chocolate in the next 50 years.The Majority Chief Whip of the Senate of the Federal Republic of Nigeria, Professor Olusola Adeyeye, who threw the challenge, said it was sad that...[READ MORE]

  • COCOBOD to boost cocoa production to one million tonnes

      Ghana Cocoa Board (COCOBOD) says it expects to boost cocoa production to one million metric tonnes ahead of a five-year target because of the many innovations being implemented to improve crop yield. Dr. Yaw Adu Ampomah, the Deputy Chief Executive of COCOBOD said the Board was also charting a new course that would enable it to achieve the one million...[READ MORE]

  • Funding challenges put 'Agric Marshall Plan' in limbo

      Deputy Minister of Agriculture, Dr Sagre Bambangi says the government’s much-touted Marshall Plan for Agric is facing a financial challenge. The Plan was expected to build on the Planting for Food and Jobs (PFJ) - an initiative of the government and help enhance food security, improve farm productivity, among others. Last year government...[READ MORE]

  • Make provision for agric centres in 2019 budget - Stakeholders

      Stakeholders from public and civil society organizations in the Northern Region have called on government to make provision in the 2019 budget for the establishment of agricultural mechanization service centres to boost productivity in the sector. The stakeholders argued that the establishment of the agricultural mechanization service centres would...[READ MORE]

  • COCOBOD gets $1.3bn for 2018/2019 crop season

      COCOBOD has commenced moves to raise 1.3 billion dollars through a syndicated loan to cater for the sale of cocoa beans for the 2018/2019 crop season. A statement released by COCOBOD and copied to Citi Business News said the consortium of banks to provide the facility included ABN AMRO Bank, Bank of China, Industrial and Commercial Bank of China, and...[READ MORE]

  • Agriculture’s Potential To Power Economic Growth Highlighted In African Transformation Report

      A major study by the Africa Centre for Economic Transformation (ACET) has highlighted how transforming agriculture can become a stimulus for economic development across the continent. The report, the second of its kind from the centre, was launched at a high-level event on 13 May during the UN Economic Commission for Africa’s (ECA) annual Conference of...[READ MORE]

  • US$158 million private capital in support of agribusiness

      Over US$158 million has been unlocked in private capital for 2,846 agribusinesses under the USAID Financing Ghanaian Agriculture Project (USAID FinGAP). Forty (40) per cent of these enterprises are women-led. The five-year project aims to improve financing and investment in agribusinesses operating in the maize, soy, and rice value chains in the...[READ MORE]

  • Agric Ministry bridges funding gap with new model

      Minister of Agriculture, Dr. Owusu Afriye Akoto Farmers in the country should be able to secure increased credit from banks with the coming on board of the Ghana Incentive Based Risk Sharing Agricultural Lending (GIRSAL).   According to the Ministry of Agriculture, GIRSAL which will be rolled out this year is meant to serve as an...[READ MORE]

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