Ghana Trade - Official SME Product Portal and Web Gallery

News

‘Planting for Food and Jobs’ to begin with GHc 560m cost

The New Patriotic Party (NPP) Government’s flagship agriculture policy, “Planting for Food and Jobs” will begin with a cost GHc 560 million.

This is according to the Minister for Agriculture, Dr. Owusu Afriyie Akoto, who said 200,000 farmers have already been recruited for the exercise which is expected to take off in March 2017, ahead of the new farming season.

Dr. Afriyie Akoto announced this policy at the annual New Year School and Conference of the University of Ghana earlier in 2017 and speaking to Citi News, he said a lot more farmers will be roped into the programme as it develops. GHc 1.3 bn to be generated for farmers He said the policy was “going to generate GHc 1.3 billion for the participating farmers and also create 750,000 jobs and this is involving maize, rice, soya, sorghum and vegetable [cultivation] for the first year.” “In 2018, we are going to expand this.

Don’t forget we have five million farmers and fishermen in this country. We have started with 200,000 as a pilot and in 2018, we are going to expand this program considerably to involve nearly a million farmers.” Dr. Afriyie Akoto has said the “Planting for Food and Jobs” campaign is designed to encourage citizens, both urban and rural, to take up farming as a full time and part time activity.

It has been structured along the lines of the “Operation Feed Yourself” programme from the 1970s. The Operation Feed Yourself campaign was launched in 1972 to make Ghana self-sufficient in food supply though it encountered significant shortcomings. But the government, however, believes the objectives of the Operation Feed Yourself campaign will be revived through the new campaign.

Though the “Planting for Food and Jobs” pilot only involves the cultivation of rice, soya beans, sorghum and vegetables, other crops will be adopted in subsequent years.

 

 

Source: citifmonline.com

Minerals Commission predicts 3% increase in gold production

The Minerals Commission is projecting an increase of about 3% in gold production by the second quarter of this year.

The commission attributes this to the uncertainties of the policy direction exhibited by the U.S President, Donald Trump– which is expected to positively impact gold prices.

“There is a certain level of bullishness in the gold price which is good for Ghana as a key producer of gold. This is driven largely by several factors of uncertainties largely by the U.S. There is a certain level of uncertainty about the policy direction of President Trump,” Chief Executive Officer of the Minerals Commission, Dr. Tony Aubynn said.

“We expect Gold production to go up slightly and other minerals will also go up. Bauxite and Manganese will go up slightly. Gold might go up by may be 2 or 3% in terms of production,” he added.

Gold prices have seen a drop since 2010, but have seen gradual improvement since last year.

Some market watchers have forecasted gold prices a to average $1,245 an ounce this year and $1,303 an ounce in 2018.

Dr. Aubynn maintained that any increase will be a positive development for Ghana since it will translate into an increase in revenue.

“The price as it is now it is not what it was may be in 2012 but we are better off now than what it was in 2014. I have a very positive outlook for the first and second quarter,” he said.

 

 

Source: citifmonline.com

 

 

More Articles...

  1. Listing GRIDCo on stock exchange ill-advised – Kwabena Donkor
  2. GOIL increases market share to 23%
  3. Tackle widespread corruption - Ken Thompson
  4. Cargo throughput hits 14.23m metric tonnes
  5. Government to create industrial estates across Ghana
  6. Ghana must process 50 percent of Cocoa – CEO COCOBOD
  7. Improved rail network will open up economy — GSA
  8. Cocobod to store grains - Osafo Marfo
  9. Government begins negotiations to extend IMF deal
  10. 'Throw out' foreigners in retail busines - Osafo Marfo
  11. Funding 'cocoa roads' with proceeds from cocoa farmers is exploitative - Minister-designate
  12. 'Ghana to experience fuel shortage soon' - Institute for Energy Security
  13. Tullow adopts 3-phase plan to convert FPSO
  14. Negative return on oil cash investment
  15. IMF extension may delay disbursements – Dr. Assibey
  16. IES predicts fuel shortage within two weeks
  17. Pharmaceutical firms target 60% market supply
  18. Agric is biggest growth driver - Ken Thompson
  19. Agric is biggest growth driver - Ken Thompson
  20. Industrial policy grows mouldy
  21. Economy deteriorated in 2016 - IMF
  22. New mining activities boost gold production
  23. Use technology to improve lives - Bawumia urges African leaders
  24. Businesses demand cuts in new import levy
  25. We’ll replace food imports with ‘Planting for Food and Jobs’ campaign — Afriyie Akoto
  26. Niche Cocoa to increase local cocoa consumption
  27. Trade Minister must strengthen bilateral relationships
  28. Sissala West gets warehouses to promote dry season farming
  29. Takoradi port gets new oil storage facility
  30. Ghana wants trade not aid - Bawumia