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Akyekyere Cocoa Community receives potable drinking water.

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The Cocoa Abrabopa Association (CAA) commissioning borehole for the Akyekyere cocoa community in the the Amenfi Central District of Western Region.

Cocoa farmers and Residents of Akyekyere in the Amenfi Central District of Western Region of Ghana are all praising Cocoa Abrabopa Association (CAA) for assisting them with a mechanized borehole and a new water tank.

As part of their Corporate Social Responsibility, the Cocoa Abrabopa Community Development Project committee with the support of management selected Akyekyere as one of the beneficiary communities for this mechanized borehole.

The Association revealed that they have constructed 25 mechanized boreholes across all the 10 cocoa growing regions in Ghana namely Ashanti, Bono, Bono East, Ahafo, Central, Eastern, Western North, Western, Volta, and Oti regions.

According to the Council Chairman of CAA, Mr. Ismail Pomasi, they are fulfilled to have made portable water accessible to about 40,000 inhabitants in cocoa-growing communities including the Akyekyere community.

At a ceremony to commission the mechanised boreholes, the Council Chairman indicated that funding for all the 25 mechanised boreholes was from internal sources.

“5% of member’s premiums are transferred into the community development project fund, and that is what we are using for our community development projects,” he said.

Mr. Pomasi reiterated to the community members the need to contribute a token for every bucket of water fetched for the maintenance of the mechanized boreholes and urged the community members to take good care of the borehole so as to derive long-term benefits.

He also used the occasion to invite local and international organizations to partner with CAA to provide Community Development Projects at a larger scale in cocoa-growing regions in Ghana aimed at improving the livelihoods of farmers which is in line with the vision of the CAA

Nana Okofo Asafo Adjei II Chief of Akyekyere in the Amenfi Central District of the Western Region and the chairman for the occasion supported the idea that each household must be encouraged to contribute a token for maintenance of the mechanized boreholes.

The community committees made up of local traditional authorities, CAA farmers, community members, and the local district assembly should be established as a means of increasing the representation and participation of residents in the decision-making process. Their mandate is to make sure that this beautiful mechanized water borehole provided by CAA will be regularly maintained and all electricity bills are paid promptly” he said.

The District Coordinating Director for Amenfi Central Mr. Emmanuel Boateng emphasized that the sustainability of this mechanized borehole is very important and if managed well, would go a long way to help the community in this era of the water crisis.

“Sustainable development encourages us to conserve and enhance our resource base, by gradually changing the ways in which we develop and use technologies. Communities must be helped to meet their basic needs of employment, food, energy, water, and sanitation”.

It is important we use the available resources we have been given judiciously and work towards maintaining it” he said.

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Ekumfi Juice Factory has not shutdown, drought-affected our production – Management.

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Local fruit juice manufacturing firm, Ekumfi Juice, has discounted claims the factory has shut down its operations.

Management of the company says the company only reduced the production capacity as a result of the long period of drought.

The drought, the management explains, affected gravely their raw material base.
Some distributors of the product across the country have complained they were not getting the required supplies from the factory even though they have made an advance payment for the product.

But speaking to Joynews, Operations Manager of the Factory, Frederick Kobina Acquah, revealed the company has not shut down but has increased its pineapple plantation to enable them to deal with the volumes of demands on their hands.

He clarified, “There’s never been a shutdown. This week, for example, there hasn’t been any production because I checked the brix level that we use and realized that we were going to have a small quantity to produce. For me, it does not make economic sense to be pushed to produce small quantities at full capacity.”

He further explained that if the quantities were not up to the volumes that were desirable to the company, they would normally consolidate it in another week.” And that’s what happened this week,” he stated.

He added, “What has happened in the past few months is that Central Region has experienced some long periods of drought- a longer than normal drought. The rains are just coming in and if there’s drought, it affects us in some huge way.”

For the company, the long period of droughts affected their production and pushed them to produce a little lower than what ordinarily they would have produced.

Ekumfi Juice Factory has not shutdown, drought-affected our production – Management
“So, we have not been able to supply our customers, especially, some of our customers who have paid in advance,” he explained

Frederick Kobina Acquah revealed, the break has afforded them the opportunity to expand their production network and they are planting a 5000-acre of pineapple. “And to us, it’s a plus for us. There are more great and exciting times ahead and our customers should expect something better,” he said.

On Wednesday, some distributors of the company’s product would be going to the factory to ascertain the level of production.

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Gov’t allocation to Agric stays below 1% in 4 years.

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Total expenditure allocation for the agriculture sector in the past four years, from 2017 to 2020, has stayed below one percent of the government’s total spending in the economy.

The total spending for the agriculture sector in 2017, which was GH¢384.6million, constituted just 0.71 percent of the entire government expenditure. In 2018 total spending on the sector rose to GH¢502.7million, which comprised 0.79 percent. There was a significant increase in the sector’s investment in 2019 to GH¢635.5million making about 0.86 percent. With GH¢576.9million being expenditure for 2020 constituting 0.68 percent.

These figures depicted the total for compensations, goods and services, and total Capex for the sector during the four-year period.

Indeed, the International Budget Partnership (IBP) – an organization that collaborates with civil society organisations around the world to analyse and influence public budgets in order to reduce poverty – has said Ghana’s performance on African Agricultural Transformation Scorecard (AATS), the Malabo Declaration, currently ranks at 6.67 out of 10 percent.

IBP disclosed that Mali’s (6.82), Morocco’s (6.96), and Rwanda’s (7.24) agriculture sector performance is stronger than that of Ghana.

Although allocation to the sector was increasing from 2017 to 2019, there was a dip in 2020. This phenomenon can be attributed to the government’s refocused attention on health sector spending due to the impacts of the COVID-19 pandemic.

There was a sudden increase in the sector’s goods and services in 2019 to GH¢471.8million from GH¢201.7million in 2017, with a dip in Capex to GH¢91.4million in 2019.

However, this increment has not only been below the committed 10 percent of the total expenditure of government necessary for the development of the sector, but it also declined from about 0.37 percent in 2017 to 0.31 percent in 2020 – with a nearly-50 percentage points decline in 2020.

The year-on-year adverse variations in the requests made by the Ministry of Food and Agriculture (MoFA) to support the expansion of the fertiliser subsidy programme, which have been met by fiscal policy caps by the Ministry of Finance, is also worrying IBP said.

This negative variance is nearly GH¢400million in some fiscal periods (2018 and 2019 to be precise), which undermines the strategic intent of MoFA in supporting the country’s food security agenda.

Over the focal period (2015 – 2019), the sector’s recorded under-expenditure is as high as 96 percent in some years, and over-expenditure reached as high as 256 percent in 2018. This not only undermines needed finance for the fertiliser subsidy programme, but ultimately undermines the credibility of policy and the budget in driving a coherent set of activities for all stakeholders in the agriculture sector.

In the case of actual spending, the ratio is at 36.17 percent; and adjusting for current spending, this increases to 50.89 percent. Currently, the government is keeping its act in line, but the ratios need to go up.

Meanwhile, the government’s projected investment plans for the sector have a positive outlook, as 1.5 million farmers are targeted to benefit from the ‘Planting for Food and Jobs’ initiative in this year, 2021. The target is a significant increase from the total 1.2 million farmers who benefitted from the policy in 2020.

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Nestlé’s commitment to improving the Cocoa sector on course – Badaro.

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Mr Georgios Badaro, Managing Director (MD), Nestlé Ghana Limited has said the company’s ambition of making cocoa more profitable for farmers, eliminating child labour, ensuring quality, and improving the transparency of its supply chain is on course.

That ambition under Nestlé Cocoa Plan (NCP), he explained is to meet the global targets including; climate action, decent work and economic growth, women empowerment, ensuring quality education, and building partnership under the Sustainable Development Goals.

Mr Badaro, who spoke to journalists after paying a working visit to some farms at Ayisikrom, in the Suhum District of the Eastern Region, commended the farmers and said it is through their hard work and strong partnership with stakeholders that the NCP programme continues to chalk success.

The visit offered Mr Badaro the opportunity to discuss issues including traceability and alternative livelihood projects with farmers and purchasing clerk.

The NCP, introduced in Ghana in 2015, was being implemented in Ashanti, Ahafo, Central and Eastern Regions by ECOM Ghana and Beyond Beans, to promote good agricultural practices, support elimination of Child labour, using the child labour monitoring and remediation system, prevention of deforestation by cocoa farmers, tree tenure, payment of fair prices through premium and additional livelihood initiatives for farmers.

Mr. Badaro said the programme continued to improve the livelihoods of farmers and their families, enable Nestlé to achieve its aim of sourcing quality beans for production and contributing to nature preservation.

He stated that the programme is important for the company, consumers, farmers, and community and that it is inspiring to see the work done by the farmers on daily basis.

“It is a win-win situation we delight consumers because we know we offer excellent quality, we know that when the livelihood of the farmers and their communities are sustainable then they would continue and even expand over time to ensure quality supply,”

“I always knew it was hard work, but after this visit, I know now that it is not just about dedicating time but knowing what to do, how to cut, and where to cut, I am really inspired by what we are doing to help,” he said.

Mr Daniel Nyarko, Nestlé Cocoa Plan Manager for Ghana said NCP has been a response to the sustainability of cocoa and has operated under three pillars namely better farming, better lives, and better cocoa.

He noted that through NCP support cocoa yield per hector is increasing due to the improved farming practices adopted by farmers.

“With the support of our partners the NCP has six central nurseries and 30 community nurseries that raise multipurpose trees and cocoa seedlings, over two million cocoa plantlets and over 238,000 multi-purpose trees including; shade trees have been distributed to rejuvenate the farms and protect the plantlets,” he said.

Mr Nyarko said the programme is successful in organizing and sustaining Village Savings and Loans Associations to improve the saving culture and financial inclusion of farmers.

Ms. Deborah Kwablah, the Corporate Communication and Public Affairs Manager, Nestlé Ghana said the programme was addressing the temptation of the farmers having to give out their cocoa farms for other undesirable activities.

She commended the farmers under the NCP for the diligence and the hard work they put into producing certified cocoa beans.

Ms. Ana Herrera, the Head of Investor Management, ECOM Ghana, and a member of the West Africa Sustainability Team said they would continue to offer best practices to farmers to boost yield and ensure quality.

Mr. Joseph Danso, a cocoa and cabbage farmer in the Suhum District commended the companies for their support, explaining that he has purchased a tricycle from the proceeds from the cabbage production since he was introduced to the cultivation of alternative crops and encourage other farmers to consider alternative crops to boost their income when cocoa is not in season.

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Danger looms as drought hits Volta Region rice production.

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The site of a rice farm plagued by drought in the Volta Region.

The Ghana Rice Inter-Professional Body (GRIB) has revealed that rice production in the Volta Region of Ghana faces bleak consequences this year due to ongoing drought conditions which are disrupting production in some parts of the Region.

According to the body, farmers in the Akatsi North and South districts in the Volta Region have been gravely affected by poor rainfall patterns and are likely to lose their entire output for the 2021/2022 season.

“In Ketu South alone, over 700 hectares of rice have been lost to the drought. “The problem covers several areas including Kpoglu, Avalavi, Klenomadi and Avie in Ketu North, Akatsi in Akatsi South, Tongu Districts, Afadzato South District and Hohoe Municipal areas,” the President said.

This comes as a blow to the sector, which is an attempt to wean the country off rice importation by achieving self-sufficiency in production by 2025.

As if that is not enough, the affected farmers will have to wait till next year before they can earn some income.

Speaking to the reporter, President of GRIB Nana Agyei Ayeh II said some members of the farmers reached out to him to ascertain the situation and find a solution to the looming danger.

The President, together with some of the officials of the John A. Kufuor Foundation paid a working visit to the farms, and on their observation, several hectares of rice under cultivation are lost due to climate change and low levels of rainfall in these communities.

The woes of the farmers are further exacerbated by the huge investments they have already made in land preparation, seeds, and fertilizer.

However, the provisional production figures by the Ministry of Food and Agriculture (MoFA) indicate that about 973, 000 metric tonnes of rice were produced in Ghana in 2020. But, this figure could be hard to match in 2021 if the current situation persists.

Nana Agyei Ayeh II revealed that the existing dam structure which was built to harvest water to irrigate the farmlands is in a dire state of disrepair, leaving farmers at the mercy of the harsh weather conditions.

“We cannot continue with rain-fed agriculture. As you can see, this year, farmers have lost their investments simply because the rains failed them.

We would like to appeal to the Ministry of Food and Agriculture to provide dugouts for these areas. These will aid in water conservations for the purposes of irrigation in such times like what we facing now” he added.

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Payment of cocoa farmers to go digital – COCOBOD.

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The Ghana Cocoa Board (COCOBOD) is planning to electronically pay all its farmers to stimulate the digital economy and also ensure the security of funds, a Deputy Chief Executive Officer at COCOBOD, Dr. Emmanuel Opoku has said.

The move which is expected to be piloted at the coming cocoa season and fully rolled out subsequently will mean that no farmer would receive cash for any of the beans sold to COCOBOD.

According to Dr. Opoku, COCOBOD has received several reports about attacks on farmers leading to some losing huge capital and being thrown out of business as a result.

He told a gathering at a Cocoa Value Chain Investment Meeting that, the benefit of the electronic transaction is enormous and COCOBOD would rely on a private partnership to execute.

“Let us assume we are doing 1 million tonnes of cocoa; the price of 1 million tonnes is about GH¢10.5 billion; with 80 percent of this, we would have to issue cash to pay the farmers. We hear of so many criminal activities, armed robbery, and others in the community.

Local buyers are suffering and, in some cases, lives are lost as a result, we are developing a system to change the mode of payment. We are going to electronically pay the farmers; we are moving into a system where the entire GH¢10.5 billion is going to be electronically transacted to the farmers. This would bring some new energy into mobile and other electronic transactions nationwide,” Dr. Opoku said.

Country Director of World Cocoa Foundation, Betty Annan, and the Anglophone Africa Lead, Oswell Kahonde have made a strong case that, the earlier the nation goes digital with the payment of farmers the better for the sectors resilience.

According to them, the sector is critical for the nation’s economy as it employs 2 million people and contributes to 19 percent of all exports. For them, digital payments can help make the sector more efficient, transparent, and secure for companies and people alike.

They argue that with digital payments, instead of giving cash to purchasing clerks, Local Buying Companies (LBCs) can transfer money directly to farmers’ wallets the moment a purchasing clerk digitally records the receipt of their cocoa. This can reduce the LBC’s interest costs by 10 percent or more.

They believe this also offers the opportunity to track their money all the way to the farmer and cuts down the opportunities for theft or the misuse of funds. Also, the move towards digital payments can make it easier for local banks and microfinance institutions to lend to farmers by creating digital, analyzable records, they say.

Already, COCOBOD has encouraged LBCs to start paying their farmers digitally. Several LBCs have begun doing so, and as a result, have seen interest savings and fewer robberies.

The responsible digitization of payments across the agricultural sector is one of the key areas the government wants to focus on in its Cash-Lite Roadmap. This policy initiative calls on key public and private sector players to work together to accelerate the shift from cash to digital payments, including across the cocoa sector.

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Seed producers trained on quality seed production and regulations.

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The Market-Oriented Agriculture Programme in North-Western Ghana (MOAP-NW), has trained a total of 85 seed producers and seed inspectors on quality seed production and regulations in Wa.

The week-long training, in partnership with the Plant Protection and Regulatory Services Directorate (PPRSD) of the Ministry of Food and Agriculture (MoFA), is to enable the production of the right quality improved certified seed to be used by farmers.

Dr Zakaria Issahaku, the Technical Advisor, delivering a speech on behalf of Mr Bashiru Fuseini, the Deputy Head of MOAP-NW said the training is focused on quality seed production, procedures and quality assurance and regulations because of the important role seed played in the development of agriculture in the country.

This, he said, was a key factor in MOAP North-West’s drive to improve quality production in the agricultural sector.

“Together with our partners in the seed sector, there has been a tremendous increase in the production and availability of foundation seeds and certified seeds”, Dr Zakaria said.

“Since 2017, foundation seed production has increased by almost 672 per cent while certified seed for farmer’s production has increased by almost 456 per cent”, he added.

Dr Zakaria further added that if the seed is improved in quality and quantity, it would reduce importation, thereby, boosting the local economy.

“There is the opportunity for job creation, especially for women and youth, in the seed sector”, he pointed out.

Mr Emmanuel Sasu Yeboah, the Upper West Regional Director of the Food and Agriculture, noted that the training is very essential, as it had supported the government’s agenda of Planting for Food and Jobs (PFJ) and had a prime focus in the seed sector.

“Locally sourced quality seed are in high demand following the subsidies provided through the PFJ. Farmers in the Upper West Region are adopting the improved seeds, which create a big demand from our seed producers”, he said.

Mr Christopher Y. Akai, the Northern Regional Officer, PPRSD noted that an efficient seed certification regime thrived on the education of stakeholders, the existence of sovereign laws and regulations, stringent enforcement, and adherence to the enacted laws and regulations by stakeholders.

He said for decades now, there had been an increase in volumes in the production and certification of maize, rice and soybean, which is an indication that the seed business is growing.

Mr Akai pointed out that for a viable seed industry, seed quality is critical and equally required a strong certification scheme, noting that the seed law and regulations provided legally binding guiding principles and procedures for providing technical advisory services to stakeholders.

Alhaji Abdulai Seidu Antiku, the Vice President of the National Seed Traders Association of Ghana (NASTAG), expressed appreciation on behalf of the seed producers for the training by MOAP-NW.

Mr Antiku, a seed producer himself, assured farmers in Ghana’s North-West of quality certified seeds from the stock of seed producers in the region.

Munashetu Abudu, a Participant and a Seed Producer from Daffiama-Bussie-Issa District expressed joy for the knowledge acquired and indicated that they would apply the knowledge and skills gained to increase the quality of seed production to satisfy farmers’ needs.

MOAP NW is a GIZ-implemented project funded by the European Union (EU) and the German Federal Ministry of Economic Cooperation and Development (BMZ).

The project represents one of the main pillars of the EU Ghana Agriculture Programme (EUGAP) and supports the growth of agribusinesses with capacity building and technical assistance for the value chain actors working with public and private service providers for robust and successful agribusinesses.

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The biggest cocoa harvest in a decade spurs record debt sales.

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The biggest cocoa harvest in a decade is spurring record domestic borrowing by the industry regulator of the world’s no. 2 cocoa producer.

Ghana Cocoa Board has sold 11.7 billion cedis ($2 billion) of six-month bills between January and May, the most in the five-month period since at least 2011, when Bloomberg started keeping records.

The regulator, which is the only buyer of the chocolate ingredient in Ghana, typically borrows from overseas banks but the 2020-21 production has exceeded the target, stretching the $1.3 billion syndicated loan that was raised at the beginning of the season in October. It increased bill sales to help refinance maturing obligations, said Ray Ankrah, the head of finance and administration at the agency.

Farmers harvested 965,493 metric tons by June 3, compared with a target of 900,000 tons for the whole crop year that ends in September. This places Ghana easily within the reach of the 1 million-ton mark, which was last attained in 2010-11.

Yields on the bills are falling, as traders speculate that the regulator will make more income from the bumper crop. The 1.3 billion cedis, 182-day securities issued at 17.65% on May 18, are currently trading at 15.65%.

Even though cocoa futures have dropped over this year, average prices are still 5% higher at $2,475 a ton from a year earlier.

The regulator is also planning to raise $1.5 billion through syndicated loans for the season that begins in October, Ankrah said.

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Ghana: Entrepreneur capitalises on the opportunity in the honey and beekeeping industry.

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Photo credit: The Conversation

The company, which he co-founded with Arif Abdullah, sells honey and beeswax as well as cashew nuts and animal feed made from cashew leaves and honey.

Until 2014, Abdulai ran a microfinance organisation that serviced small and medium-scale business owners and farmers in northern Ghana. He felt banks were not tailoring products for farmers because they viewed the sector as risky. But a year into operation, the microfinance firm collapsed due to bad debts. Farmers did not have enough harvest to pay off their loans.

Abdulai discovered rampant overgrazing, charcoal burning and bushmeat hunting were contributing to the low agricultural production. His solution was integrated beekeeping. He started the business in 2014 to not only plug a big gap in the Ghana honey market but also help save trees and encourage afforestation. Beekeeping has been shown to preserve nature, biodiversity and agriculture.

Entering the honey business
The businessman did not have the money to start a new venture. He approached a carpenter who made 10 beehives based on a profit-sharing agreement that he would give him 20% of whatever the business had made at the end of the year. As for the land to put the beehives, the entrepreneur entered partnerships with local chiefs who would receive 3% of revenue.

At the end of the first year, Abdulai sold his honey to supermarkets and other retailers and after paying $500 to the carpenter, he had $2,000. He was also able to pay the chiefs.

“There’s a vast market opportunity for honey, locally and internationally. With the high cases of diabetes, people are moving away from raw sugar to honey. The global market stands at $8.7 billion and is growing at 7% per annum,” says the entrepreneur.

Tilaa no longer has to depend on the goodwill of village chiefs to keep its hives running as the firm has acquired 300 hectares of land in the Northern Region of Ghana, where it grows cashew nuts alongside beekeeping. Cashew flowers bloom during the dry season, guaranteeing nectar for the bees all year.

Tilaa also manufactures animal feed made from pruned cashew leaves, which are crushed and mixed with honey to create a nutritious meal for cattle. Bee products are rich in vitamins, minerals and healthy fats and can be used to improve nutrition in animals.

The company works with a network of farmers that it trains on integrated beekeeping; it also supplies them with beehives and hybrid cashew seedlings. Later, it buys their honey. By keeping bees, local communities learn to conserve the environment. Cashew trees help replenish depleted land, are a source of food for the local communities and can be intercropped with other plants ensuring food security.

Finding funding to scale up
One of the challenges Tilaa initially faced was employing the right staff. Abdulai says he has found it better to recruit people with low or no qualifications and train them. This has helped him navigate the disconnect between academia and the field.

To scale up, the entrepreneur has been a beneficiary of various accelerator programmes, which have equipped him with the skills to manage a start-up as well as provided key funding for growth. In 2018, Abdulai was part of the Ghana Innovation Hub, which helped him acquire seed funding of $50,000 from a US investor. A pitch at the Ghana Climate Innovation Centre in 2019 saw him receive $27,100 as well as help in verifying his products with the Ghana Standards Authority. He’s also been part of an accelerator in Nairobi, where he obtained $5,000.

The businessman regrets not doing these accelerator programmes at the beginning of his entrepreneurial journey. He maintains they would have made it easier to learn about the industry and improve his managerial skills.

Differentiating from the competition
While there are several local and international honey brands in Ghana, the beekeeping sector is still in its infancy. Tilaa prides itself on providing a purely organic product that supports conservation. Some farmers and marketers add sugar to their honey or sweeten water fed to bees, resulting in an inferior product. “Most honey has a sugar content of 55% while Tilaa honey has 45%. Imported brands from China can have up to 65% sugar content,” says Abdulai.

Pollution is also a significant concern owing to heavy agrochemical use as these chemicals find their way into the honey. Farm chemicals have also been known to affect the bee population. Tilaa overcomes this by sourcing honey from remote parts of Ghana where agrochemical use is limited.

By focusing on beekeeping as a strategic business, Tilaa has established a foothold as a brand in the Ghana market where most honey producers are individual farmers who are not well organised from farm to market or have not been trained in handling bees. Other competitors are non-governmental organisations whose aim is not profit but rather limiting tree felling.

To stay profitable, Tilaa is considering the construction of a bee house with a controlled environment, allowing honey harvesting throughout the rainy season. Traditionally, honey harvesting is seasonal. “It’s difficult to harvest honey when it rains. The honey has high water content and ferments easily, resulting in a poor quality product,” Abdulai explains.

The company also plans to obtain its organic honey export certification to venture into the global market.

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CAG called on RG to waive filing fees for struggling Agribusinesses.

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Anthony Morrison, CEO, Chamber of Agribusiness

The Chamber of Agribusiness Ghana has called on the Registrar Generals Department to waive filing fees for Agribusinesses that are struggling in the system, most importantly those whose businesses have dwindled as the results of the Covid-19.

Recently, the Registrar General gave a reminder that the institution would delete companies that fail to file returns on June 30th. Of this development that the CEO of the Chamber of Agribusiness Ghana, Anthony Morrison has urged the high office to be considerate towards the agribusinesses.

The Registrar-General, Jemima Oware, speaking on the second virtual forum of the #CitiBusinessFestival on Citi TV last Tuesday said companies that fail to file their returns by the end of June 2021, risk having their names struck out of the list of businesses in Ghana.

She said about 200,000 companies have since 2011 failed to file their annual returns and financial statements despite several notices and reminders. The Registrar said the deletion process will start in July 2021.

“Since 2011 when we introduced the new e-registrar software, I have over 200,000 businesses that have not filed their annual returns basically because some of them think they’ve not done business, COVID-19 has come among others. We gave extensions for people to file annual returns, and we extended it to almost one year, and we allowed businesses to hold Annual General Meetings virtually. We gave all these dispensations, but now the time is up. By the end of June 30, we are going to start another round of penalties,” she said.

Speaking on Business Focus on TV3, Anthony Morrison, the CEO of the Chamber of Agribusiness Ghana urged the Registrar General to be considerate of the agribusinesses that have flouted to file their returns.

He bemoaned that the economic situation coupling with the pandemic has made it difficult for agribusinesses to thrive. He called on the Registrar General to waive the filing fees for the struggling agribusinesses so they could be able to sustain their operation in this hard time.

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