• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, August 20, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Gov’t Urged To Invest In Local Production To Sustain Local Patronage

August 20, 2020
thevaultzby thevaultz
in Uncategorized
0
COVID-19 The Golden Opportunity To Formalise The Informal Sector

Increase effort being channeled into local production to sustain patronage of locally produced goods or food commodities even after the coronavirus pandemic, an agricultural economist suggests to government.

The advent of the novel coronavirus caused almost all countries around the world to engage in protectionism, Ghana inclusive. This led to majority of Ghanaians patronizing locally manufactured products and buying more of ingrown food stuffs.

As a result, coupled with the implementation of a lockdown, most Ghanaians engaged in panic buying which led to a spike in prices since demand was high. Notwithstanding, the Minister for Food and Agriculture, Dr. Owusu Afriyie-Akoto, assured of abundance of food produce hence the need to relax.

RelatedPosts

GNCCI and Bills Micro-Credit Forge Strategic Alliance to Empower MSMEs in Ghana

Independent Candidate Expresses Frustration Over EC’s Procedures

Criticism Heaped On Israel For Al-Mawasi Attack

Speaking in an interview with the Vaultz News, an agricultural economist, Dr. John B.D Jatoe indicated that for Ghana to maintain local patronage of goods, it has to look at meaningful ways of minimizing imports.

“One of the things to look at will be to maintain and probably increase the effort we’re putting into increasing or setting up local productions. Once we open back the economy, we look at ways of discouraging imports and that could be targeted, not that you’ll just get up and we’re talking about banning import of this or that.”

John Jatoe
Dr. John B.D Jatoe, Senior Lecturer at the Department of Agricultural Economics and Agribusiness

According to him, though he has no statistics, he maintains as an expert that, Ghana as a nation must find practical ways of discouraging imports so it does not affect her in the long run.

“No, we have to find some accessible ways of discouraging some of the imports so that we don’t end up going back to where we were…in terms of the discussion of how much was brought in and how much it has affected local production. Trouble is, I don’t have the statistics on what exactly is the amount or capacity of the local industry, farmer or producer to meet the local demand and is it really the case that if we were to cut down on the importation, it would not end up affecting us.”

However, Dr. Jatoe suggested an investigation of consumer preference. He said research should be conducted to find out if these are real changes or people are just being forced to because they’re thinking more about survival.

“The other part will be over time, as we operate under these covid restrictions, people patronizing the local good or the local food commodity, how do they feel? Are they yearning to go back to the foreign produce or they are comfortable? Over time, that will be one of the things that will be a good indicator of whether any attempt to discourage the import will be sustainable.”

Tags: AgribusinessAgricultural EconomyCOVID-19
Please login to join discussion
Previous Post

GREDA calls for establishment of development authority bill

Next Post

OPEC Presses Oil Nations Pumping Above Target to Cut More

[mc4wp_form id="1264"]

Related Posts

Ghanaian Producers Fight Unfair Treatment
Entertainment

Mark Darlington Weighs in on Shatta Wale, MOG Copyright Dispute

August 19, 2025
Families Receive Insignia For Fallen August 6th GAF Heroes
General News

Families Receive Insignia For Fallen August 6th GAF Heroes

August 19, 2025
Mariah Carey Wins Copyright Case Over Christmas Hit
Entertainment

Mariah Carey Reveals Her Verdict on Grammys

August 19, 2025
MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins
Vaultz Business

MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins

August 19, 2025
UK To Deploy Troops If Peace Deal Holds
UK

UK To Deploy Troops If Peace Deal Holds

August 19, 2025
A Gesture To Convince Others To Accept Fukushima Soil
Asia

Japan Poised To Participate In Security Guarantees For Ukraine

August 19, 2025
Ghanaian Producers Fight Unfair Treatment
Entertainment

Mark Darlington Weighs in on Shatta Wale, MOG Copyright Dispute

by Esther Korantemaa OffeiAugust 19, 2025
Families Receive Insignia For Fallen August 6th GAF Heroes
General News

Families Receive Insignia For Fallen August 6th GAF Heroes

by Silas Kafui AssemAugust 19, 2025
Mariah Carey Wins Copyright Case Over Christmas Hit
Entertainment

Mariah Carey Reveals Her Verdict on Grammys

by Esther Korantemaa OffeiAugust 19, 2025
MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins
Vaultz Business

MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins

by Stephen M.CAugust 19, 2025
UK To Deploy Troops If Peace Deal Holds
UK

UK To Deploy Troops If Peace Deal Holds

by Lawrence AnkutseAugust 19, 2025
A Gesture To Convince Others To Accept Fukushima Soil
Asia

Japan Poised To Participate In Security Guarantees For Ukraine

by Comfort AmpomaaAugust 19, 2025
Ghanaian Producers Fight Unfair Treatment
Families Receive Insignia For Fallen August 6th GAF Heroes
Mariah Carey Wins Copyright Case Over Christmas Hit
MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins
UK To Deploy Troops If Peace Deal Holds
A Gesture To Convince Others To Accept Fukushima Soil
[/vc_row_inner]

Recent News

  • Mark Darlington Weighs in on Shatta Wale, MOG Copyright Dispute
  • Families Receive Insignia For Fallen August 6th GAF Heroes
  • Mariah Carey Reveals Her Verdict on Grammys
  • MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins
  • UK To Deploy Troops If Peace Deal Holds
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.