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Prices of vegetables shoot up by 100% in Kumasi

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Prices of vegetables like carrots, lettuce, green pepper have seen a sharp increase affecting their sale on the market.

The situation is forcing many vendors to dispose of the perishable goods as some traders say they are beginning to record low sales and cannot break even.

Luv Business engaged actors in the value chain as experts predict an influx of the commodities in the coming months.

“Two of the carrots are selling at 15 Ghana cedis and four of the green peppers go for 5 cedis,” Helen, a vegetable trader, at the Ejisu market explains the costs of the varieties of vegetables she sells.

“I can’t sell this small quantity at a lesser price because I won’t break even,” she added.

Dorcas, also a vendor, sells cabbage, lettuce and other vegetables at the market.

The cost of her commodities has shot up twice the usual price.

“You could get more for the vegetables you buy. But now you will get less,” she lamented.

Prices of vegetables have in recent times increased astronomically, seeing an almost 100% price surge.

The traders attribute the price hike to the scarcity of the commodities and cost involved in transporting them from neighboring countries.

“We import some from Asante Mampong and others from Morocco. They are scarce because of the low rainfall. The lorry fares have also shot up the price,” the traders said.

Ghana has over the years imported a number of its farm produce like vegetables from neighboring countries including Côte D’Ivoire, Burkina Faso, Niger and Mali.

The incessant taste for foreign produce begs the question, “what is happening to the agricultural sector?”

Experts attribute the dwindling sector growth to the changing weather pattern and other logistical support for industry players, especially farmers.

Director of Agriculture in the Ejisu municipality, Dr. David Anambam says the reduced supply of the commodities is a major factor contributing to the soaring prices.

He says a farming system dependent on irrigation is needed for all-year-round production to promote agriculture in Ghana.

“Many farmers are not working now during the off season especially those without irrigation. Because there are a few left and the demand is more than the supply, it will surely shoot up. If you want to promote agriculture under rainfed agriculture, I don’t think so,” he said.

Anthony Okyere, a vegetable farmer in the Ejisu municipality, like many farmers across the country is faces existential threats to his inherited farming business.

“The high sun intensity burnt all the crops. I nearly gave up after seeing my farm,” he sadly recounted.

For centuries, farming in Ghana has solely been dependent on rainfall, which agricultural experts say is a bane to the growth of the sector.

An agricultural economist at the Crops Research Institute of the Council for Scientific and Industrial Research, Dr. Natson Eyram Amengor is proffering possible solutions to the perennial challenge.

“If we want an immediate solution, it would be on improving the access roads and for long term, we should look at moving away from rainfed agriculture. We must enhance our storage and processing systems. Most often there are not storage facilities, so during the times where there is abundance of foodstuff, they go waste,” he said.

The increased prices of the commodities are heavily affecting their sales as the traders begin to experience low sales and post-harvest losses.

“Our commodities are spoil. We have to dispose them of,” Dorcas, the vegetable trader, added.

But despite the prevailing scarcity and challenging economic climate, vegetable consumers and traders should expect an ease soon.

“Somewhere in June-July we should expect more vegetables on the markets once the farmers begin to have the rains,” Dr. Anambam assured.

For the time being, lovers and vendors of vegetables must bear the brunt of soaring commodity prices.

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AfDB revises Ghana’s growth rate to 3.4% for 2024, 4.3% for 2025

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The African Development Bank has revised Ghana’s growth rate to 3.4% for 2024 and 4.3% for 2025.

This is higher than the 2.8% it earlier predicted in February 2024.

According to the AfDB, the revised growth rate is stronger than earlier anticipated, describing the  medium-term growth outlook as positive.

The expected growth rate would be led by industry and services on the supply side and private consumption and investment on the demand side.

Ghana will thus place 14th ahead of Nigeria in West Africa with the strongest Gross Domestic Product (GDP) growth.

Nonetheless, the outlook is clouded by several factors, including the impact of fiscal consolidation under the Post-Covid Programme for Economic Growth, the lingering effects of Russia’s invasion of Ukraine, limited access to finance and foreign exchange, and global macroeconomic shocks. However, AfDB said prudent macroeconomic management policies could mitigate the risks.

To fast-track structural transformation, the African Development Bank urged Ghana to enhance its competitiveness by easing infrastructure bottlenecks; accelerate agro-industrialization by strengthening skills development, among others.

“Ghana’s structural transformation needs reinforcement. Productivity has stagnated in services, the dominant employment sector, and is rising only slowly in industry and agriculture. Agriculture’s employment share declined from 53.9% in 2007 to 29.8% in 2019, while industry’s share rose from 14.1% to 21.0% and services’ share rose from 31.9% to 49.2% over the same period.  To fast-track structural  transformation, Ghana  must enhance its competitiveness by easing infrastructure  bottlenecks;  accelerate  agro-industrialization  by strengthening  skills  development, value addition, and private sector development; and create a policy framework for technology adoption and innovation”.

West African growth rate to hit 4.2%

Meanwhile, growth is projected to pick up in West Africa, rising from an estimated 3.6% in 2023 to 4.2% in 2024 and consolidating at 4.4% the following year. This is an upgrade of 0.3 percentage points for 2024 over the January MEO  2024 projections, reflecting stronger growth upgrades in the region’s large economies— Côte d’Ivoire, Ghana, Nigeria, and Senegal.

Real GDP growth is projected to rise to 3.7% in 2024 and will exceed the rate posted

in 2022 by 2025, reaching 4.3% as most of the effects of the aforementioned factors fade.

The projected rebound in Africa’s average growth will be led by East Africa (up by 3.4 percentage points) and Southern Africa and West Africa (each rising by 0.6 percentage points).

Importantly, 40 countries will post higher growth in 2024 relative to 2023, and the number of countries with more than 5 percent growth rate will increase to 17.

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Farmer at 80 yrs killed over woman at Assin Otabilkrom

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An 80-year-old farmer, Kwesi Arhin has been stoned to death by a man known as Kwabena Badu after he suspected the deceased of having an affair with his girlfriend at Assin Otabilkrom of Assin South District of the Central Region.

The incident happened on Wednesday May 29, 2024 around 7 PM when the suspect had information that her girlfriend Ekua Ansama has visited the deceased to spend the night with him.

He then rushed to the house of the deceased and hit him with sticks and stones to death.

The suspect Kwabena Badu has been arrested by Assin Darmang police command.

Information gathered by the Kasapa news Yaw Boagyan indicates that both the deceased, Uncle Kwesi Arhin and the suspect Kwabena Badu are not customary or legally married to the woman Ekua Ansama, who is believed to be in her early 40s.

According to an eye witness who is the deceased’s neighbor, the suspect Kwabena Badu threatened to kill him too if he tried to intervene, which scared him from rescuing the deceased old man.

Emmanuel Arhin, the grandson of the deceased explained that he had been advising his grandfather on so many occasions to let go of the woman Ekua Ansama since the suspect Kwabena Badu has been threatening to kill him several times, but his grandpa wouldn’t listen.

The body of the deceased has been deposited in Abura Dunkaw District Hospital morgue pending further investigations by the police.

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Ghana imported GHC166,240,503 worth of mangoes from Burkina Faso in 2023 – GSS Trade Report

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Ghana imported a total of one hundred and sixty-six million, two hundred and forty thousand, five hundred and three ( GHC 166,240,503.) Ghana cedis worth of mangoes from Burkina Faso in 2023, a Ghana Statistical Service Trade Report 2023 has disclosed.

The report further revealed that Ghana imported one hundred and eighty-five million, two hundred and five thousand,two hundred forty-six ( GHC185,205,246) Ghana cedis worth of cocoa beans, standard quality raw beans from Cote D’Ivoire in 2023.

Ghana also imported GHC141,359,094 worth of Palm oil from Togo in 2023.

A total of GHC154, 796,314 worth of Palm oil was also imported from Cote D’Ivoire in 2023.

The GSS Report further indicated that Ghana imported GHC 1,893,864,945 worth of Shea nuts from Burkina Faso in 2023.

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Fisheries Ministry announces 2024 closed season for artisanal fishers and industrial trawlers

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The Ministry of Fisheries and Aquaculture Development has announced this year’s closed season for both canoes and inshore fishing vessels and industrial trawlers starting from July.

According to the ministry, the move is to consolidate the gains made, while it continues to help to restore the depleted fish stocks.

The Minister for Fisheries and Aquaculture Development, Mavis Hawa Koomson, disclosed the details of the closed season at a press briefing at the ministry.

She emphasised that thorough consultations with industry stakeholders were conducted before finalising the dates.

To ensure sustainable fishing practices, the artisanal and inshore fleets will adhere to the closed season from July 1 to July 31, 2024. The industrial trawl vessels, on the other hand, will extend their closure until August 31, 2024 the Minister indicated.

Addressing the issue of illegal fishing, Mrs Koomson revealed plans to roll out an Electronic Monitoring System equipped with video recording and Global Positioning capabilities after the ending of the pilot project. This system was installed on three pilot trawl vessels to monitor fishing activities at sea 24/7.

“I wish to inform you that on the 2nd of April, 2024, I organised a stakeholders’ meeting at the International Conference centre to discuss the results of the 2023 closed season and decide on the 2024 closed season,” she stated.

Stakeholders, she says, agreed that the implementation of closed season has been beneficial. To consolidate the gains made, it was also agreed that the closed season be observed in 2024. I am happy to announce that the 2024 closed season is as follows:

“Canoes and Inshore vessels  will observe the season from  1st July, 2024  to 31st July, 2024 while the industrial trawlers will observe theirs from the 1st July, 2024 to 31st August, 2024.”

Mrs Koomson highlighted that the implementation of the Closed Fishing Season is based on scientific recommendations aimed at stock recovery. Its objectives include curbing over-fishing, reducing fishing pressure, restoring over-exploited fish stocks, and replenishing dwindling fish populations.

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WFP recruitment ( May 2024) : Open Jobs/Vacancies at World Food Programme

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The World Food Programme (WFP) is the largest humanitarian organization in the world, saving lives and fighting hunger through food assistance and building pathways to peace, stability, and prosperity. Established in 1961 by the United Nations, WFP’s mission is to help alleviate world hunger and achieve the UN’s Sustainable Development Goal of Zero Hunger. WFP’s activities include providing food aid in emergencies, helping vulnerable groups such as children, pregnant and nursing women, and the elderly, purchasing goods and services from developing countries to stimulate their economies, and focusing on economic development, social welfare programs, relief, and food.

Job opportunities at WFP

The World Food Programme (WFP) offers numerous job opportunities for individuals looking to contribute to the mission of ending hunger globally. Working for WFP provides a chance to make a meaningful impact on the lives of vulnerable populations, often in challenging environments.

Exploring open Job Opportunities at WFP

  1. Visit the WFP Careers Website: Start by visiting the official WFP careers webpage to browse through current job openings.
  2. Review Requirements: Carefully review the qualifications and requirements for each position to ensure your skills and experience align with the role.

Application Process

Research and Identify the Right Opportunity:

  1. Visit the WFP careers webpage to browse current openings and carefully review the requirements and qualifications for each position.
  2. Ensure your skills and experience align well with the specific role you are interested in.

Prepare a Strong Application:

MORE JOBS ( May 2024)

  1. Create a profile on the WFP recruitment system
  2. Craft a compelling online application highlighting relevant achievements and experiences.
  3. Tailor your online CV to the specific role, showcasing your passion for the WFP’s mission and how your qualifications fit.

Application Process:

  1. Submit your application electronically through the WFP recruitment system.
  2. Be prepared for potential online aptitude tests to assess your suitability for the role.
  3. Shortlisted candidates may be called for a phone or video interview.

Additional Tips:

  1. Demonstrate a strong commitment to humanitarian work and food security issues.
  2. Highlight fluency in French or English, as these are the WFP’s working languages.
  3. Research the WFP’s strategic plan to showcase your understanding of their goals.
  4. Prepare for potential interview questions about your ability to work in challenging environments and cultural sensitivity.

Keep in Mind:

  • WFP positions often require international mobility and the ability to work in emergency situations.
  • Applications are competitive, so having a strong profile and relevant experience is crucial.

By following these steps and showcasing your qualifications and passion, you can increase your chances of making a positive impact through the World Food Programme.

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Peasant farmers in shock over $12m spent on Pwalugu Dam

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The Peasant Farmers Association of Ghana has expressed shock at the payment of some 12 million dollars to a contractor when no work has been done on the Puwalugu Dam in the Upper East Region. 

President Akufo-Addo in November 2019 cut sod for the construction of the Dam aimed at helping farmers do all-year-round farming and it was expected to be completed in 50 months.

President of the Association, Charles Nyaaba said members of the Association are surprised at the development.

“All that time, we never knew that so much money had already been paid for the construction. $11.9 million—that is a huge amount of money. So when that report came out, in fact, I couldn’t sleep. As we speak, the majority of our members cannot sleep.”

The Member of Parliament for Bongo, Edward Bawa, also wants persons culpable in the deal prosecuted for misappropriation of funds.

“We are asking exactly what they used the $12 million for. These are the answers that we are not getting, and that is part of the reason why we decided to go to the site and see what was happening and we got there and realised that nothing had been done, so it behoves on the government to find a way of ensuring that these monies are retrieved.

“And if $12 million, you can’t find anything there, it tells you that there is a crime to be investigated. And whoever is involved in this must be made to face the full rigours of the law.”

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Ghana’s cocoa regulator will borrow up to $1.5 billion for 2024-25 cocoa purchases, sources say

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Ghana’s cocoa regulator will borrow up to $1.5 billion by September to finance 2024/25 cocoa purchases and compensate for low output, two COCOBOD sources with knowledge of the arrangement said on Sunday.

The world’s second-largest cocoa producer after neighbouring Ivory Coast uses an annual syndicated loan to finance bean purchases from farmers. It is usually agreed at the start of the season in September.

But this year’s $800 million loan faced delays due to low cocoa output so far this season.

COCOBOD has since withdrawn $600 million and cancelled the remainder as the season’s cocoa output is seen almost 40% below forecast – unable to guarantee the full loan.

“A request for proposal sent to banks indicates COCOBOD will borrow up to $1.5 billion next season. It is understood the banks are sizing it and together (with COCOBOD), they will decide an optimal amount,” said one COCOBOD source.

A second COCOBOD source said they were confident the syndication would go through.

At least one international bank has been to Ghana to inspect cocoa farms before deciding on the offer, while another is scheduled to visit next month, the same source said.

Production is expected to recover to 810,000 metric tons next season, the sources said, asking not to be named because they have not been allowed to speak to media.

COCOBOD did not respond to a request for comment.

Ghana’s cocoa production has been affected by adverse weather, disease and cocoa smuggling. It is expected to be almost 40% below target in the 2023/24 season, according to COCOBOD.

The sector regulator said it lost about 150,000 tons of cocoa beans to smuggling and illegal gold mining known locally as galamsey in the 2022/23 season.

It expects even greater losses this season as a global rise in cocoa prices is an incentive for more smuggling.

Swollen shoot virus wiped out around 590,000 hectares of farmland between 2018 and 2024, according to COCOBOD.

One source said they were confident Ghana would still meet next season’s target of 810,000 tons as the weather is expected to improve, and rehabilitated cocoa farms will boost output.

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Call for Applications: Business Incubator and Accelerator Program: FAO 2024 (Up to USD 150 000 to be granted in each participating country)

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Mountains and islands make up 30 percent of the earth’s surface area and are home to approximately 1.3 billion people. Mountain and island communities are among the worst hit by climate change, suffering from high rates of poverty and hunger and struggling to cope with natural disasters.

The Mountain Partnership Secretariat (MPS) at the Food and Agriculture Organization of the United Nations (FAO), together with the Global Environment Facility Small Grants Programme (GEF SGP), implemented by the United Nations Development Programme (UNDP), are launching a new grant program to increase mountain and island communities’ resilience by supporting innovative entrepreneurship in agricultural and textile value chains through the provision of grants, technical assistance and capacity development.

About the grant program

Titled “Business Incubator and Accelerator (BIA) for Mountains and Islands”, the grant programme will be implemented in the Dominican Republic, Ethiopia, Guatemala, Fiji, Kyrgyzstan, Mongolia, Nepal, Peru, the Philippines and Uganda.

The BIA for Mountains and Islands has a total budget of USD 150 000 to be granted in each participating country. Grants will range from USD 15 000 to USD 50 000 per project. Additional funding has been allocated for technical assistance and capacity development.

How to apply

This is the online application portal to submit project proposals to receive grants through the BIA for Mountain and Islands. Applicants will be required to present documentation to prove that they meet the eligibility criteria (see below).

Before submitting a project proposal, applicants should carefully review the Applicant Information Booklet, available in English and Spanish.

For questions and clarification, please contact the BIA Team at MP-BIA@fao.org. Any request for clarifications or questions submitted after the application deadline will not be considered.

Eligibility criteria

To be considered eligible to receive a grant through the BIA for Mountains and Islands, a project proposal must meet all of the following criteria:

  • The lead applicant is either a non-governmental organization that is at least one year old, OR a Producer Organization (i.e. cooperative, community-based organization, association) that is at least one year old and has at least five members;
  • The lead applicant is formally registered in the country where the project is based;
  • The lead applicant submits only one application;
  • The lead and partner applicants are not bankrupt, liquidated or administered by the courts;
  • The lead applicant and/or partner applicant operate in a mountainous area1 or on an island in one of the following countries: the Dominican Republic, Guatemala, Fiji, Kyrgyzstan, Ethiopia, Mongolia, Nepal, Peru, the Philippines or Uganda;
  • The lead applicant provides all the necessary documentation proving that the above criteria are met;
  • The proposed project includes an applicant’s matching contribution of no less than 50 percent of the requested grant;
  • The lead applicant provides evidence of ability (i.e. physical and legal) to use capital and/or other assets that are involved in their investment plan (i.e. agricultural land, building, machinery, labour, skills, etc.);
  • The lead applicant is a member of the Mountain Partnership (MP). If not, the lead applicant shall join the MP before the establishment of the grant agreement; and
  • The proposed project targets one of the following areas of work:
    • Biodiversity;
    • Sustainable forest management;
    • Climate change mitigation and community-based adaptation;
    • Natural resources management; and/or
    • Strengthening of local economies.

Deadline: Jun 8 2023 12:00 AM (GMT)

Click HERE to Apply

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Free SHS: COCOBOD terminates scholarship scheme

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The Ghana Cocoa Board (COCOBOD) has announced the termination of its long-running scholarship scheme, citing the implementation of the Free Senior High School (SHS) initiative by the government.

In its place, the board has established the Cocoa Board Education Trust, aimed at providing essential primary school infrastructure in underserved cocoa-growing communities.

According to the chairman of the board, Peter Mac Manu, the decision to terminate the scholarship scheme was necessary due to the impact of the Free SHS initiative. “With the advent of the free SHS by the Akufo-Addo administration, it’s time for us to adapt and evolve.

The COCOBOD Scholarship Scheme, while a notable and valuable programme, has naturally lost its core purpose,” he explained.

The COCOBOD Scholarship Scheme has been in existence for many years, providing financial support to students from cocoa-farming communities.

However, with the introduction of the Free SHS initiative, the board has decided to redirect its resources towards providing essential primary school infrastructure in underserved areas.

The Cocoa Board Education Trust, which has been inaugurated by the board, aims to establish model basic schools in cocoa-growing communities.

According to Peter Mac Manu, the trust is a testament to the board’s unwavering commitment to the prosperity and well-being of cocoa farmers and their children.

“As we bid farewell to the Scholarship Scheme, we must look forward and prioritise the continued educational advancement of the cocoa farming community. It’s with this vision that the board of directors has decided to establish the Ghana Cocoa Board Education Trust.

This trust is a testament to our unwavering commitment to the prosperity and well-being of cocoa farmers and their children. The primary objective of the Education Trust is clearly to focus on providing essential primary school infrastructure in underserved cocoa growing areas.” he said.

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