• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, August 17, 2022
  • 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

Ghana To Be Leading Exporter Of Yam Worldwide- GEPA

June 24, 2022
Deborah Dzifah TamakloebyDeborah Dzifah Tamakloe
in Agribusiness
0
Ghana To Be Leading Exporter Of Yam Worldwide- GEPA

Yam tubers

Exports of yam tubers reached a high record of US$48million last year, according to data from the Ghana Export Promotion Authority (GEPA) – making the country the world’s largest exporter of yam.

The country now controls 24 percent of the US$200million global export market, growing its export value from US$38.5million in 2018 to US$48.2million in 2021. GEPA said exports grew at an annual rate of 14 percent from 2020-2021 and an average of 9 percent between 2017 and 2021.

The USA alone imported US$87million worth of yam from the world in 2021. Among its top suppliers were: Jamaica, 37.4 percent; Ghana, 21.9 percent; Costa Rica, 10.8 percent; Colombia, 8.7 percent; and Brazil, 8.2 percent,” GEPA said in a yam industry report.

RelatedPosts

Agric Minister Receives Last Batch of Equipment from Brazilian Government to Boost Production

AICCRA Introduces Hundreds of Farmers to High Yield Climate Resistant Hybrid Seedlings

Premix Fuel Is Highly Subsidized By Government- National Premix Secretariat

“The United States of America’s imports of yam from Ghana represent 39.6 percent of the total global value of yam exported by Ghana”.

GEPA

Meanwhile, globally, Jamaica is Ghana’s closest competitor, ranking second in the export of yam. Its total exports were valued at US$39million in 2021.

Jamaica had 82.8 percent of its yam exports go to the United States market, as compared to the 39.6 percent of Ghana’s exports to the same market.

The leading global exporters of yam were Ghana, US$48million; Jamaica, US$39million; the United States of America, US$22million; Japan, US$21million; and China, US$ 20 million.

Growth forecast, Challenges facing yam production


The global yam market is projected to register a compound annual growth rate of 3.5 percent between 2020 and 2025, says Mordor intelligence, a market research firm.
Just like any other agricultural produce, constraints to its production include high labour demand and other inputs such as planting materials, unreliable sources of credit, pests and diseases, declining soil fertility, and unpredictable weather conditions.

In commercial terms, yam production is constrained by a lack of modern storage facilities, a ready market, and a well-coordinated national policy to boost production and export.

For instance, there are yearly reports of heaps of yam being left to rot across many farming communities because they lack storage facilities.

“We do not have storage facilities; we leave the tubers in the open and exposed to the sun, causing the yam to rot”, Barnabas Abu, a yam-farmer based at Yendi-Bimbilla in the Northern Region said.

He said the situation gets particularly bad during January and May due to excessive heat within those periods.

In a recent article, Dr. Besah-Adanu, an Intellectual Property Expert and a Consultant at the Ghana Industrial Property Office, Registrar General’s Department, Accra highlights the need for Ghana to focus on yam production as that could generate revenue for the country.

“We in the Industrial Property Right Protection space wish to uncover some low-hanging revenue fruits that the nation could innovatively harvest. Geographical Indications (GIs) are signs used on products from a particular geographical origin, with specific qualities or a reputation that are essentially attributed to the place of origin.

“This form of Intellectual Property, protects the uniqueness, reputation, and other characteristics that easily differentiate a product from other similar ones on the market.”

Dr. Besah-Adanu

The yam crop is an important crop generating income for over 60 million people. Global yam production increased from 15.3million tons in 1971 to 74.8 million tons in 2020.

Ghana produces about 8 million tons of yam annually. The country’s yam production has increased significantly over the period. In 2018 and 2019, production were about 7,858,209 and 8,288,198 metric tons, respectively, compared with previous years.

READ ALSO: CAF Unveils Official WAFCON 2022 Match Ball

Tags: ExporterGEPAghanaYam

Related Posts

Agric Minister Receives Last Batch of Equipment from Brazilian Government to Boost Production
Agribusiness

Agric Minister Receives Last Batch of Equipment from Brazilian Government to Boost Production

August 12, 2022
AICCRA Introduces Hundreds of Farmers to High Yield Climate Resistant Hybrid Seedlings
Agribusiness

AICCRA Introduces Hundreds of Farmers to High Yield Climate Resistant Hybrid Seedlings

August 10, 2022
Administrator at the National Premix Secretariat, Nana Abrokwah Asare, has revealed that premix fuel for fishermen has been highly subsidized by government.
Agribusiness

Premix Fuel Is Highly Subsidized By Government- National Premix Secretariat

August 9, 2022
GAWU Blames High food Prices on Shortfall in Agricultural Output
Agribusiness

GAWU Blames High food Prices on Shortfall in Agricultural Output

August 3, 2022
Ghana Needs Structural Policy Adjustment to Optimize Agricultural Value Chain- GAWU
Agribusiness

Ghana Needs Structural Policy Adjustment to Optimize Agricultural Value Chain- GAWU

August 1, 2022
CORAF, Partners Launch 5th ASTI Programme For Food Systems Transformation
Agribusiness

CORAF, Partners Launch 5th ASTI Programme For Food Systems Transformation

July 29, 2022

Leave a Reply Cancel reply

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

Previous Post

Incorrigible President Has Done It Again- Okudzeto On Presidential Flights

Next Post

Fidelity Bank Sweeps Five Awards at the 2022 Edition of HESS Awards

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.
Ghana Stock Exchange is Africa’s Third Worst Performing Stock Market as Nigeria Exchange Emerges Best Performer
Uncategorized

Market Activities on GSE Goes Up in July

by Stephen M.CAugust 17, 2022
MPC To Hold An Emergency Meeting Today To Review Recent Developments In The Economy
Economy

MPC To Hold An Emergency Meeting Today To Review Recent Developments In The Economy

by Stephen KotochieAugust 17, 2022
Executive Secretary of Vehicle and Assets Dealers Union of Ghana (VADUG), Frank Atanley Kofigah, has called on government to ensure that industry players and stakeholders are protected under the scheduled implementation of the Customs Amendment Act 2020 (Act 891) effective September 1, 2022.
General News

VADUG Urges Government To Halt Passage Of Customs Amendment Act 2020

by Angeller AshongAugust 17, 2022
Prioritise AfCFTA Over Other Third-party States In External Trade Negotiations- Wamkele
Vaultz Business

Secretary-General of the AfCFTA Urges Member-states to Domesticate Continental Trade Treaty

by Stephen M.CAugust 16, 2022
I Am Grateful For Your Compassion And Unending Devotion- Adwoa Safo To President Akufo-Addo
General News

I’m Grateful For Your Compassion And Unending Devotion- Adwoa Safo To President Akufo-Addo

by Angeller AshongAugust 16, 2022
Germany Sends 6 Fighter Jets To Singapore
Europe

Germany’s 6 Fighter Jets Lands In Singapore, Ready To Fly To Southeast Asia

by Stephen KotochieAugust 16, 2022
Ghana Stock Exchange is Africa’s Third Worst Performing Stock Market as Nigeria Exchange Emerges Best Performer
MPC To Hold An Emergency Meeting Today To Review Recent Developments In The Economy
Executive Secretary of Vehicle and Assets Dealers Union of Ghana (VADUG), Frank Atanley Kofigah, has called on government to ensure that industry players and stakeholders are protected under the scheduled implementation of the Customs Amendment Act 2020 (Act 891) effective September 1, 2022.
Prioritise AfCFTA Over Other Third-party States In External Trade Negotiations- Wamkele
I Am Grateful For Your Compassion And Unending Devotion- Adwoa Safo To President Akufo-Addo
Germany Sends 6 Fighter Jets To Singapore
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