• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, October 13, 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

Government Urged to Leverage Local Rice Production to Revitalize Economy

Stephen M.Cby Stephen M.C
May 23, 2024
Reading Time: 3 mins read
Stephen M.Cby Stephen M.C
in Agribusiness
0
Government Urged to Leverage Local Rice Production to Revitalize Economy

The Ghana Rice Inter-Professional Bodies is urging the government to capitalize on the recent surge in local rice production and consumption to help stabilize the Ghanaian economy.

According to the organization, by reducing the reliance on imported rice, which costs the country over $400 million annually, Ghana could save substantial foreign exchange, bolster local production, and positively impact local economies.

Ghana’s import bill exceeds $10 billion annually, covering a wide range of items including agricultural products like rice, fish, poultry, and palm oil. Other major imports include iron, steel, aluminum, sugar, oil, cement, fertilizer, pharmaceuticals, toilet rolls, toothpicks, and fruit juices. This heavy dependence on imports exerts tremendous pressure on the cedi, contributing to an unfavorable balance of payments.

RelatedPosts

Ghana’s Cocoa Sector Roars Back with $2.47bn Export Surge

106 Young Agripreneurs Receive $236,460 Boost Under HAPPY Programme to Drive Ghana’s Agricultural Growth

Cocoa Gold Rush, Farmers’ Empty Pockets: 2025 Cocoa Barometer Exposes Grim Reality Behind Record Prices

Nana Kwabena Adjei Ayeh II, President of the Ghana Rice Inter-Professional Bodies and Divisional Chief of Ningo-Gangan under the Apimanim Traditional Area in the Central Region, emphasized that policy and financial interventions are crucial to reversing the trend of importing products like rice, sugar, and fish, which can be produced locally. He highlighted the potential of local rice production to alleviate the economic burden caused by imports and strengthen the cedi.

“The government must create market linkages for the large quantities of rice being produced this year to avoid post-harvest losses and increase the income levels of smallholder farmers,” Nana Ayeh urged. By doing so, the country can not only save on import costs but also enhance local agricultural productivity and ensure food security.

Nana Ayeh also called on Ghanaians to change their mindsets and patronize locally produced rice, which he claimed is more nutritious, healthier, and tastier than imported varieties. Local rice offers unique health benefits, such as providing carbohydrates for energy, manganese for metabolism and bone formation, and folate for healthy red blood cell production.

ADVERTISEMENT

Challenges Faced by Local Farmers

Meanwhile, rice farmers from various districts, including Assin South, Assin Central, Assin North, and Twifo Atti-Morkwa, corroborated the concerns raised by the Association. They reported difficulties in accessing markets and obtaining fair prices for their produce. Samuel Kofi Baidoo, a farmer from Assin Abodweseso, shared his struggles with selling his rice at giveaway prices due to a lack of market access last year.

Farmers also face challenges like post-harvest losses due to bushfires and insufficient storage facilities, compounded by rising costs of inputs and farm implements. These issues have forced some farmers to reduce their production capacity or avoid large-scale farming altogether. “The situation forced some farmers to produce below capacity. Others did not engage in large-scale farming as they did in previous years,” Baidoo noted.

Madam Matilda Amoasi, a farmer from Assin Akropong, echoed these sentiments, highlighting the high cost of production and the need for immediate government intervention. “I do think that ‘Planting for Food and Jobs’ is doing well, but we must look strategically at some crops in which we achieve self-sufficiency; it will help the economy,” she said. She stressed that reducing imports of rice, palm oil, vegetable oil, and chicken would help stabilize the cedi and improve the overall economic situation.

To maximize the potential of local rice production, the government needs to implement strategic interventions, including better market access, storage solutions, and financial support for farmers. Strengthening the local rice industry can significantly reduce the import bill, support smallholder farmers, and stabilize the cedi.

READ ALSO: Bank Blue Chip Rescues GSE At Last Breath

Tags: economyGhana Rice Inter-Professional BodiesGovernmentimport billLocal Rice ProductionNana Kwabena Adjei Ayeh II
Please login to join discussion
Previous Post

Israel Told To Investigate Reports Of Torture Of Palestinian Detainees

Next Post

Church of Pentecost Leads Environmental Efforts with Green Ghana Day Initiative

Subscription Form

Related Posts

Ghana’s Cocoa Sector Roars Back with $2.47bn Export Surge
Agribusiness

Ghana’s Cocoa Sector Roars Back with $2.47bn Export Surge

October 13, 2025
106 Young Agripreneurs Receive $236,460 Boost Under HAPPY Programme to Drive Ghana’s Agricultural Growth
Agribusiness

106 Young Agripreneurs Receive $236,460 Boost Under HAPPY Programme to Drive Ghana’s Agricultural Growth

October 10, 2025
Cocoa Gold Rush, Farmers’ Empty Pockets: 2025 Cocoa Barometer Exposes Grim Reality Behind Record Prices
Agribusiness

Cocoa Gold Rush, Farmers’ Empty Pockets: 2025 Cocoa Barometer Exposes Grim Reality Behind Record Prices

October 8, 2025
Government to Deploy 5,000 Agriculture Graduates Nationwide
Agribusiness

Government to Deploy 5,000 Agriculture Graduates Nationwide

October 6, 2025
Cocoa Farmers Smile As Government Hikes Cocoa Price to GHS3,625 Per Bag, Boosting Farmers’ Incomes by 12%
Agribusiness

Cocoa Farmers Smile As Government Hikes Cocoa Price to GHS3,625 Per Bag, Boosting Farmers’ Incomes by 12%

October 2, 2025
Ghana’s Cocoa Arrivals Quadruple in August, Shaking Global Chocolate Market
Agribusiness

Ghana’s Cocoa Arrivals Quadruple in August, Shaking Global Chocolate Market

October 1, 2025
Ghana’s Cocoa Sector Roars Back with $2.47bn Export Surge
Agribusiness

Ghana’s Cocoa Sector Roars Back with $2.47bn Export Surge

by Stephen M.COctober 13, 2025
Lower Interest Rates to Bite Deep into Ghanaian Banks’ Profit Margins – Fitch
Banking

Lower Interest Rates to Bite Deep into Ghanaian Banks’ Profit Margins – Fitch

by Stephen M.COctober 13, 2025
Calls for Stronger PR Strategy for Ghana’s GRAMMY Submissions
Entertainment

Calls for Stronger PR Strategy for Ghana’s GRAMMY Submissions

by Esther Korantemaa OffeiOctober 13, 2025
IMANI Flags Transparency Gaps in $360 Million World Bank Loan
General News

Speaker’s Postponement Exposes Fragile Consensus in Parliament

by Silas Kafui AssemOctober 13, 2025
People applauding and cheering in Tel Aviv’s ‘Hostage Square’ as news breaks that the first seven captives are on their way back to Israel.
Asia

Israel Receives Seven Captives Under New Ceasefire Deal

by Comfort AmpomaaOctober 13, 2025
Oil Prices Rebound Amid Demand Surge, Geopolitical Tensions
Extractives/Energy

Oil Prices Rebound from U.S.-China Trade Tensions 

by Prince AgyapongOctober 13, 2025
Ghana’s Cocoa Sector Roars Back with $2.47bn Export Surge
Lower Interest Rates to Bite Deep into Ghanaian Banks’ Profit Margins – Fitch
Calls for Stronger PR Strategy for Ghana’s GRAMMY Submissions
IMANI Flags Transparency Gaps in $360 Million World Bank Loan
People applauding and cheering in Tel Aviv’s ‘Hostage Square’ as news breaks that the first seven captives are on their way back to Israel.
Oil Prices Rebound Amid Demand Surge, Geopolitical Tensions

Recent News

Ghana’s Cocoa Sector Roars Back with $2.47bn Export Surge

Ghana’s Cocoa Sector Roars Back with $2.47bn Export Surge

October 13, 2025
Lower Interest Rates to Bite Deep into Ghanaian Banks’ Profit Margins – Fitch

Lower Interest Rates to Bite Deep into Ghanaian Banks’ Profit Margins – Fitch

October 13, 2025
Calls for Stronger PR Strategy for Ghana’s GRAMMY Submissions

Calls for Stronger PR Strategy for Ghana’s GRAMMY Submissions

October 13, 2025
IMANI Flags Transparency Gaps in $360 Million World Bank Loan

Speaker’s Postponement Exposes Fragile Consensus in Parliament

October 13, 2025
People applauding and cheering in Tel Aviv’s ‘Hostage Square’ as news breaks that the first seven captives are on their way back to Israel.

Israel Receives Seven Captives Under New Ceasefire Deal

October 13, 2025
Oil Prices Rebound Amid Demand Surge, Geopolitical Tensions

Oil Prices Rebound from U.S.-China Trade Tensions 

October 13, 2025
Subscription Form
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.