• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, November 17, 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

Jospong Group Signs MoU with IRRI As Part of Jospong Rice Project

M.Cby M.C
June 26, 2023
Reading Time: 4 mins read
26891591

Jospong Group has signed a Memorandum of Understanding (MoU) with the International Rice Research Institute (IRRI) to bring the latest and best rice technologies to Ghana.

Dr Joseph Siaw Agyepong, Chair and Founder of Jospong Group noted that this agreement builds on the recent agreement between Jospong Group and the CSIR, forming a tripartite partnership that will ensure Ghana has access to the latest scientific advancements and innovations.

Dr Joanna Kane-Potaka, Deputy Director General, Strategy, Engagement & Impact at IRRI highlighted the importance of the partnership.

RelatedPosts

Govt Targets 250,000 Jobs Under $400m Oil Palm Plantation Drive

Ghana’s Agriculture Sector Embarks on Transformative Modernization Drive

Govt to Supply 4,000 Farm Machines to Boost Productivity in 50 Districts

“This new partnership will be very important for ensuring nutritious, high yielding and climate resilient rice varieties are available in Ghana, like high zinc rice, as well as new production methods to harness the potential of these varieties.”

Dr Joanna Kane-Potaka

Dr Joanna Kane-Potaka added that the partnership will make rice farming more profitable in Ghana, which means smallholder farmers will benefit more. “And it will be done sustainably in an environmentally friendly manner,” she emphasised.

The Director General of the CSIR, Prof Paul Bosu, also described the agreement as historic, noting that he is hopeful the project will be successful and will address the country’s import cover on rice. “It is disturbing to note that Ghana spends so much to import rice and the success of this project will address that. We, therefore, have no option than to succeed,” he said.

Prof Paul Bosu stressed that the Jospong Rice project is not a knee jerk reaction but rather seeks to bring all the stakeholders together to forge and support a national agenda. “The knowledge component has been placed on a high pedestal to ensure the project succeeds. We are making considerable preparation before take off,” he underscored.

ADVERTISEMENT

The Agreement and Tripartite Link

Dr Abdelbagi Ismail, IRRI-Africa Director, noted that, the agreement and the tripartite link are expected to be a model for other countries in Africa to show how it can accelerate research and delivery of high-quality rice and develop effective rice value chains for national and regional food and nutrition security.

This partnership was brokered by the High Commissioner of Ghana to Malaysia, Her Excellency Florence Buerki Akonor, who visited IRRI’s global headquarters requesting technical advice and collaboration with the Ghana Rice Project, private industry and other key stakeholders.

The High Commissioner averred that the partnership will ensure better yields and livelihoods for farmers, at the same time ensuring sustainable production using the latest nutritious and healthy rice available.

18718149

The agreement seeks to tap into the expertise of IRRI to accelerate the development of the rice industry in Ghana, by supporting the Council for Scientific and Industrial Research (CSIR) with knowledge sharing, while building the capacity of rice growers, researchers with the necessary skills set.

Jospong Group is focused on scaling up the rice industry in Ghana to replace the large and increasing quantities of rice being imported.

Rice consumption in Ghana has almost tripled in the last 10 years with individuals now consuming approximately 45kg of rice each year.

There are excellent opportunities to build new rice-based industries in Ghana as well as there being an urgent need to produce locally to reverse the financial stress on the country of increasing imports and demand for foreign exchange.

IRRI is dedicated to abolishing poverty and hunger among people and populations that depend on rice-based agri-food systems. Through its work and partnerships, IRRI aims to improve the health and welfare of rice farmers and consumers; promote environmental sustainability in a world challenged by climate change; and support the empowerment of women and the youth in the rice industry.

Background

Earlier this year 2023, Asian African Consortium, a subsidiary of the Jospong Group, entered into partnership with major rice industry players in Thailand and Ghana to develop an integrated rice farming project. This move by Jospong Group stemmed from the government’s decision to boost the economy through import substitution.

A core team later visited Thailand for the Ghana-Thailand Business Conference in March 2023 with researchers from various universities in Ghana as well as major players in the rice industry. It is on record that Ghana spent over GH¢6.8billion (equivalent to US$560million at current market rates) importing rice, a grain that can be produced locally.

While total rice consumption stood at 1.4 million metric tonnes in 2022, imports valued at US$560 million accounted for 800,000 metric tonnes (mt) of the consumption figure, with domestic production catering for the remaining demand – according to data from IDH Sustainable Trade, a foundation headquartered in The Netherlands.

Similarly, according to the Ministry of Food and Agriculture, between 2010 and 2020, the country’s rice imports hit a staggering US$8billion. This, in addition to imports of other food items that can be produced locally, has been a major source of concern for stakeholders.

READ ALSO: MobileMoney Limited Receives Global System for Mobile Communications Association Certification

Tags: Council for Scientific and Industrial Research (CSIR)International Rice Research Institute (IRRI)Jospong GroupJospong Rice Project
Share1Tweet1ShareSendSend
Please login to join discussion
Previous Post

Arnon Milchan Testifies For Second Day In Netanyahu’s Corruption Trial

Next Post

LPG Stations Experience Shortages Amid Tanker Drivers Strike Over Poor Roads

Related Posts

Palm Oil  Plantation
Agribusiness

Govt Targets 250,000 Jobs Under $400m Oil Palm Plantation Drive

November 14, 2025
Hon. John Dumelo, Deputy Minister for Food and Agriculture
Agribusiness

Ghana’s Agriculture Sector Embarks on Transformative Modernization Drive

November 14, 2025
Mahindra Tractors
Agribusiness

Govt to Supply 4,000 Farm Machines to Boost Productivity in 50 Districts

November 14, 2025
His Excellency John Dramani Mahama, President of the Republic of Ghana
Agribusiness

Mahama Assures Immediate Establishment of Farmers’ Service Centers

November 11, 2025
Dr. Cassiel Ato Forson engages with BOPP workers
Agribusiness

Ato Forson Promises Renewed Investment for Benso Oil Palm Plantation

November 11, 2025
Hon. Eric Opoku, Ghana’s Minister for Food and Agriculture
Agribusiness

Agric Minister Assures Poultry Value-chain Improvement as New Intervention Set to Boost Production

November 10, 2025
Dr. Nobert Kipo, Health Policy Adviser, Ghana Medical Trust Fund
General News

Ghc2.3b MahamaCares Allocation, Sign of Commitment to Affordable NCDs Treatment – Policy Adviser

by Emmanuel Tibila BoasahNovember 17, 2025
Ghana’s Minister for Finance, Dr. Cassiel Ato Forson
General News

Ato Forson’s Budget Earns 82% Approval in Latest Public Poll

by Evans Junior OwuNovember 17, 2025
Dr. Dramani Bukari, Deputy Chief Executive Officer of NPA
General News

Deputy NPA Boss Urges Restraint on Harsh Criticisms of GAF Stampede as Investigations Proceed

by Silas Kafui AssemNovember 17, 2025
Dangote Refinery
Extractives/Energy

Dangote Refinery Debunks Claims Linking Pump Price Reductions to Tariff Suspension

by Prince AgyapongNovember 17, 2025
Newmont Corporation mining
Extractives/Energy

Newmont Confirms Commitment to Development in Ghana as GH₵2.3b Payment is Made to the Government.

by Michael Teye-Bio NaduteyNovember 17, 2025
Joyce Bawah Mogtari, Senior Advisor and Aide to President John Dramani Mahama
General News

Specialised Courts to Tighten Accountability – Bawah Mogtari Hails Move as Timely

by Evans Junior OwuNovember 17, 2025
Dr. Nobert Kipo, Health Policy Adviser, Ghana Medical Trust Fund
Ghana’s Minister for Finance, Dr. Cassiel Ato Forson
Dr. Dramani Bukari, Deputy Chief Executive Officer of NPA
Dangote Refinery
Newmont Corporation mining
Joyce Bawah Mogtari, Senior Advisor and Aide to President John Dramani Mahama

Recent News

Dr. Nobert Kipo, Health Policy Adviser, Ghana Medical Trust Fund

Ghc2.3b MahamaCares Allocation, Sign of Commitment to Affordable NCDs Treatment – Policy Adviser

November 17, 2025
Ghana’s Minister for Finance, Dr. Cassiel Ato Forson

Ato Forson’s Budget Earns 82% Approval in Latest Public Poll

November 17, 2025
Dr. Dramani Bukari, Deputy Chief Executive Officer of NPA

Deputy NPA Boss Urges Restraint on Harsh Criticisms of GAF Stampede as Investigations Proceed

November 17, 2025
Dangote Refinery

Dangote Refinery Debunks Claims Linking Pump Price Reductions to Tariff Suspension

November 17, 2025
Newmont Corporation mining

Newmont Confirms Commitment to Development in Ghana as GH₵2.3b Payment is Made to the Government.

November 17, 2025
The Vaultz News

Copyright © 2025 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 © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address