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Government Spends GH¢2.6 billion to Subsidize Cocoa Seed and Fertilizer

September 18, 2022
Stephen M.CbyStephen M.C
in Agribusiness
0
Agric Minister Admonishes Border Residents to Stop Smuggling Grains to Surrounding Countries

Dr Owusu Afriyie Akoto, the Minister for Food and Agriculture

Dr. Owusu Afriyie Akoto, Minister of Food and Agriculture, has expressed satisfaction with the growth of agriculture sector in 2021, indicating that government spent GH¢2.6 billion to subsidize cocoa seed and fertilizer.

According to the minister, Ghana’s agriculture has stood very tall due to the support given to farmers and the reciprocal benefit. He noted that the Agricultural sector has performed extra ordinarily as compared to other sectors, adding that farmers needed to be commended for their achievement.

“Five years after the planting for food and jobs initiative, the Government had spent 2.6 billion Ghana cedis to subsidise cocoa seed and fertilizer, resulting in the generation of 50 billion cedis worth of farm produce in the country.

“The growth has been accelerating due to the commitment of our farmers. So, we need to commend our farmers for standing on that to produce in very difficult global circumstances and we should be proud of them.”

Dr. Owusu Afriyie Akoto

Farmers Day Launched

Meanwhile, at the launch of farmers day, the minister commended the National Organizing Committee for the honour bestowed on them to host this year’s National Farmers’ Day celebration and affirmed an effective collaboration to make the celebration a success.

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The Minister expressed satisfaction at Ghana’s accelerated growth despite the difficulty the agricultural sector encountered in the wake of the COVID-19 pandemic. Dr. Owusu Afriyie Akoto disclosed that Ghana’s agricultural sector recorded an accelerated growth of 8.4 per cent in the year 2021, up from the 7.4 per cent in the 2020.

Mavis Hawa Koomson, Minister of Fisheries and Aquaculture Development, noted that the concept of value addition in agriculture, especially fisheries and aquaculture presented a very good opportunity for additional revenue generation, job creation, foreign exchange earnings and effective post-harvest management.

Ms Koomson disclosed that in 2021, total fish production stood at 658,617.53 tonnes estimated at 11.04 billion Ghana cedis, which contributed to about 1.04 per cent of GDP (Gross Domestic Product) and 20.99 per cent of agriculture, adding that “the benefit would have been more if value addition was included.”

Ms Koomson indicated that the Ministry is promoting new products such as fish powder, fish khebab and fish sausage in collaboration with the Council for Scientific and Industrial Research, Food Research Institute, specifically, products such as fish balls had been developed while uptakers were being encouraged to commercialise such products.

Ms Koomson added that the ministry had taken keen interest in pursuing various activities to improve value addition, which included strengthening the capacities of actors in the fish value chain to ensure production of safe and quality fish products.

“To this effect, 994 fish farmers have so far been trained in hygienic fish handling, fish processing and marketing strategies while 200 fish processors have been also trained in best practices.”

Mavis Hawa Koomson

The 2022 National Farmers’ Day celebration would be held in the Eastern Region on the theme: Accelerating Agricultural Development through value addition.

READ ALSO: Life Of Queen Elizabeth II Provides Great Lessons In Selfless Public Service And Leadership – Dr. Bawumia

Tags: Agriculture sectorFisheriesSubsidized FertilizerSubsidized seed

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