• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, January 28, 2023
  • 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

Agric Minister Begs Thailand to invest in Ghana’s rice sector

January 2, 2023
Stephen M.CbyStephen M.C
in Agribusiness
0
Agric Minister Begs Thailand to invest in Ghana’s rice sector

Dr Owusu Afriyie Akoto, the Minister of Food and Agriculture, has appealed to investors in Thailand to come and invest in Ghana’s rice sector, while touting the investment friendly environment in Ghana.

According to the Minister of Food and Agriculture, Ghana has huge potential for rice production which is evident in its favourable climatic conditions, availability of arable lands, and an open society with a vibrant democracy.

Dr Owusu Afriyie Akoto asserted that Ghana can boast of about 40,000 hectares of land readily available to support large scale rice production, hence encouraged the Thai investors to take advantage of it and invest in the sector. In addition, he gave assurance to the delegation of the government of Ghana’s support for investors in the rice industry.

RelatedPosts

UENR, KIC Sign MoU To Augment Youth Participation In Agriculture

Ghana Opens Its Market to U.S Pork Market to Begin the Importation of Pork

World Bank Projects Agricultural Prices To Decline By 5% In 2023, Urge International Community To Support LIC’s Affected By Food Insecurity

“Our rice production is seasonal, and, therefore, we want action targeted at planting rice in April, May June. We will make sure that land is made available to you.”

Dr Owusu Afriyie Akoto

Dr Owusu Afriyie Akoto noted that it is his ministry’s target to make Ghana self-sufficient in rice production, which has seen some significant gains. However, he added that more needed to be done to bridge the deficit. On this score, Dr. Akoto charged the Thai delegation to bring an action programme to his ministry for consideration.

Dr. Akoto asserted that the intervention by the private sector in the rice industry was very crucial, noting that it will help in the government’s vision of commercialising the commodity.

Dr Akoto made the appeal when a delegation of investors from Thailand, led by the executive chairman of the Jospong Group of Companies (JGC), Joseph Siaw Agyepong, and the honorary consul of Ghana in Thailand, Dr Sicha Singsomboon, paid a courtesy call on him at the ministry.

While commending Jospong Group of Companies for venturing into rice production, Dr Akoto maintained that he will continue to give Dr. Siaw Agyepong all the encouragement and support in his efforts to help the government address the food security challenge in the country.

Trade Minister Iterates Commitment to the Project

The delegation from Thailand also visited the Minister of Trade and Industry, Alan Kwadwo Kyerematen.

Alan Kwadwo Kyerematen, on his part, noted that the government is fully committed to ensuring the successful implementation of the Ghana-Thailand rice project. “Government is fully on board in terms of providing the enabling environment and policy framework for this project,” he said.

Alan Kwadwo Kyerematen also praised Jospong for venturing into rice production. The Trade Minister, therefore, is very confident that the project will be productive and inure to the mutual benefit of both Ghana and Thailand.

Meanwhile, Alan Kwadwo Kyerematen bemoaned the trade statistics between Ghana and Thailand, noting that it has not been encouraging. He thus, indicated that there is much that Ghana could learn from Thailand.

Rice is an important strategic crop in the economy of Ghana which is cultivated as both food and cash crop. Rice consumption continues to increase due to population growth, urbanization and change in consumer habits.

In the 2022 calendar year, imports of cereals are forecast at 1.5 million tonnes, well below the record level in 2021 and about 15 percent below the previous five‑year average.

Ghana currently consumes about 1.2million metric tonnes of rice yearly. As such, rice farmers are calling for government’s intervention to help them meet their target.

Early in 2022, the JGC commenced its integrated rice farming project. And in showing the seriousness JGC attached to the project, a team led by its chairman visited Thailand to understudy the Thai rice sector in order to replicate their experiences and strategy in Ghana.

READ ALSO: Republic Bank Ghana PLC Appoints Mr. Parasram Salickram As Non-Executive Director

Tags: Dr Owusu Afriyie AkotoJospong Group of CompaniesriceThailand

Related Posts

UENR, KIC Sign MoU To Augment Youth Participation In Agriculture
Agribusiness

UENR, KIC Sign MoU To Augment Youth Participation In Agriculture

January 25, 2023
Ghana Opens Its Market to U.S Pork Market to Begin the Importation of Pork
Agribusiness

Ghana Opens Its Market to U.S Pork Market to Begin the Importation of Pork

January 25, 2023
World Bank Projects Agricultural Prices To Decline By 5% In 2023, Urge International Community To Support LIC’s Affected By Food Insecurity
Agribusiness

World Bank Projects Agricultural Prices To Decline By 5% In 2023, Urge International Community To Support LIC’s Affected By Food Insecurity

January 25, 2023
Government Invest GH¢660m To Promote 2023 PFJ’s Program
Agribusiness

Government Invest GH¢660m To Promote 2023 PFJ Programs

January 25, 2023
Ghana Cassava Center of Excellence Signs MoU With CSIR-CRI
Agribusiness

Ghana Cassava Center of Excellence Signs MoU With CSIR-CRI

January 19, 2023
Cocoa Farmers Threaten to Sue Al Jazeera, Denies Using Child Labour
Agribusiness

Cocoa Farmers Threaten to Sue Al Jazeera, Denies Using Child Labour

January 18, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Pope Benedict XVI Laid In State At Vatican

Next Post

Audiomack Presents Stonebwoy With A Plaque

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
Purchase Domain Names With The “.gh” Extension To Generate Revenue And Expand In The Local Internet Industry – GDNR
Business

Purchase Domain Names With The “.gh” Extension To Generate Revenue And Expand In The Local Internet Industry – GDNR

by Priscilla Dziedzorm FiakpornuJanuary 28, 2023
Telecel to Become the Second Player After MTN Ghana to List on GSE After Takeover of Vodafone Ghana
Securities/Markets

Telecel to Become the Second Player After MTN Ghana to List on GSE After Takeover of Vodafone Ghana

by Stephen M.CJanuary 28, 2023
Mahama To deliver A lecture On ‘Africa’s Strategic Priorities’ in UK Today
General News

African leaders Beyond The Age of 80 Have No Business Clinging To Power – Mahama

by Emmanuel SarpongJanuary 28, 2023
Mali Defends Ties With Russia
Africa

Mali Defends Ties With Russia

by Comfort AmpomaaJanuary 28, 2023
Vanguard Awards Night Of Glamour, Glitz, And Excitement
Entertainment

Vanguard Awards Night Of Glamour, Glitz, And Excitement

by Esther Korantemaa OffeiJanuary 28, 2023
Muslims Will Support Bawumia As They’re Not Welcome In NDC – Anyidoho
General News

Muslims Will Support Bawumia As They’re Not Welcome In NDC – Anyidoho

by Samuel Yeboah OtibuJanuary 28, 2023
Purchase Domain Names With The “.gh” Extension To Generate Revenue And Expand In The Local Internet Industry – GDNR
Telecel to Become the Second Player After MTN Ghana to List on GSE After Takeover of Vodafone Ghana
Mahama To deliver A lecture On ‘Africa’s Strategic Priorities’ in UK Today
Mali Defends Ties With Russia
Vanguard Awards Night Of Glamour, Glitz, And Excitement
Muslims Will Support Bawumia As They’re Not Welcome In NDC – Anyidoho
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

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.

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