• 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

Tractor Services expensive due to skyrocketing fuel price, Tractor Owners and Farmers Profit to Decline

June 24, 2022
Deborah Dzifah TamakloebyDeborah Dzifah Tamakloe
in Agribusiness, Sub Top Stories2
0
Tractor Services expensive due to skyrocketing fuel price, Tractor Owners and Farmers Profit to Decline

Tractor services

Mr. Fuseini Kanton, the Chairman of the tractor owners Association in Tumu in the Sissala East District, has appealed to the government to subsidize the price of fuel as the price of tractor services such as seed planting and harrowing keep increasing, making it more unbearable for farmers.

He said this would help cushion the increasing cost of farming, especially in accessing mechanization services like ploughing and seed planting, among others.

Mr. Fuseini Kanton made this appeal in an interview at Tumu, adding that the usage of a harrow and planter used to be cost-effective compared to accessing human labour, but the narrative has changed.

RelatedPosts

Credit Ratings Downgrade of Ghana Has Derating Implications on the Stock Market- Analyst

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

AngloGold CEO Pays Visit to Prez Nana Addo, Sets to Invest US$1 billion in Ghana

“The cost involved in using a harrow and a planter is too expensive lately as compared to human and physical labour, with labour you will need a dibble that charges GH¢40 and the one to sow also takes another GH¢40.00, whereas eight hours a day cost GH¢30 per person to do planting.”

Mr. Fuseini Kanton

Hikes in fuel prices affect activities of tractor operators

Mr. Kanton also lamented that the hikes in fuel prices have affected the activities of tractor operators in the area, adding that the price of tractor services has shot up by 100 percent per acre this farming season.

“Last year, a gallon of diesel cost GH¢27 but is now sold for about GH¢54.9. Last year, an acre of land with a size of 70 x 70 yards was ploughed for GH¢100 but currently goes for double the amount.”

Mr. Fuseini Kanton

He said, “Generally parts of tractor and tractor maintenance have all gone up. Even servicing diesel and oil filters have all changed. Servicing that cost GH¢400 in the past is now over GH¢1,000. To run and maintain a tractor for farming is increasingly expensive”.

“Those who bought tractors this year to do business may find it difficult to break even. Many people are not ploughing this year due to the skyrocketing price of fertilizer and other agro-inputs such as seeds, weedicide, among others.”

Mr. Fuseini Kanton

Maize production to drop in 2023

Mr. Kanton disclosed that the weather is a threat to crop cultivation in Tumu as the area only received rain showers in May.

Social Tractor Owners 768x576 1
Mr Fuseini Kanton on a tractor ploughing his farm

“Maize production in the market will drop next year because I and many other people have cut down on acreages and shifted from maize field to do Soya, Cowpea and, Sesame.”

Mr. Fuseini Kanton

Mr. Samuel Akuetteh, an official from the Department of Agriculture, observed that the Sissala East area alone could cultivate over a hundred thousand acres of maize in a seasonal year.

The price of fuel has been competing with Usain Bolt since the inception of the Russia-Ukraine war. This has led to the rise in the price of agro-inputs, thereby affecting farmers and consumers alike.

Some agri-experts have predicted that a looming national food security issue awaits Ghana.

However, these experts believe that although it’s complex, its complexity should not stop the government from heeding the cry of workers along the agricultural value chain while supporting local fertilizer producers to manufacture fertilizers locally to combat the current hardships farmers face.

READ ALSO: Corporate Firms Look to Resume Business Travels as Covid-19 Assuages

Tags: FarmersGAWUMoFAskyrocketing fuel priceTractorTractor operators

Related Posts

Exclusive: Recent Surge in Inflation Likely to Affect Ghana Stock Market- Analyst
Securities/Markets

Credit Ratings Downgrade of Ghana Has Derating Implications on the Stock Market- Analyst

August 15, 2022
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
AngloGold CEO Pays Visit to Prez Nana Addo, Sets to Invest US$1 billion in Ghana
Extractives/Energy

AngloGold CEO Pays Visit to Prez Nana Addo, Sets to Invest US$1 billion in Ghana

August 12, 2022
Stop Using Your Reserves to Stabilize the Cedi- Banker Calls out Central Bank
Securities/Markets

Stop Using Your Reserves to Stabilize the Cedi- Banker Calls out Central Bank

August 11, 2022
Investors and Market Operators to Use only Ghana Card for all Transactions in the Securities Market- SEC
Securities/Markets

Investors and Market Operators to Use only Ghana Card for all Transactions in the Securities Market- SEC

August 11, 2022
The Chamber of Freight and Trade (CFT) has revealed that the Office of the Special Prosecutor has erred in its allegation of corruption involving Labianca and the Customs Division of the Ghana Revenue Authority.
General News

OSP’s Labianca Report: The OSP Got It Wrong- Chamber of Freight and Trade

August 11, 2022

Leave a Reply Cancel reply

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

Previous Post

Corporate Firms Look to Resume Business Travels as Covid-19 Assuages

Next Post

Ghana Is Happy To Be Part Of Pan-African Vaccine Manufacturing Project- President Akufo-Addo

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