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in Agribusiness

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

Maynard Championby Maynard Champion
June 26, 2023
Reading Time: 4 mins read
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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.

“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.

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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.

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.

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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.

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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

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Tags: Council for Scientific and Industrial Research (CSIR)International Rice Research Institute (IRRI)Jospong GroupJospong Rice Project
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