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Olam Agri Re-certified as top employer in Ghana for the fourth consecutive year

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The Top Employers Institute has recognised Olam Agri as a Top Employer in Ghana as well as in seven other countries including Australia, Cameroon, Senegal, Nigeria, Côte d’Ivoire, Mozambique, and South Africa.

Olam Agri is also recognised as a Top Employer in the African continent for the 3rd consecutive year. This recognition reflects the company’s position as a global employer of choice as it strives to give its 9,600 employees the freedom to flourish personally and professionally in a purpose-driven organisation that supports diversity, inclusion, and collaboration.

The Top Employers Institute, the global authority on recognising excellence in People Practices, recognises an organisation’s dedication to a better world of work through excellent Human Resources (HR) policies and people practices. The programme has certified and recognised over 2,300 Top Employers in 121 countries/regions across five continents. The survey covers six domains including People Strategy, Work Environment, Talent Acquisition, Learning, Diversity, Equity & Inclusion, Wellbeing, and more.  

In addition to the Top Employer recognition, Olam Agri has recently received the Great Place to Work® certification for Brazil, India, and Singapore, as well as the Kincentric Best Employers Award for China and Thailand.

Mr. Stephen Adeakye, Head of HR at Olam Agri in Ghana, commenting on the company’s certification in Ghana, said,  

“As we celebrate our fourth consecutive Top Employer Certification, we acknowledge the dedicated efforts of our employees and reaffirm our commitment to nurturing a workplace that inspires excellence and innovation. This recognition motivates us to continue our journey toward setting new standards in employee satisfaction and engagement. By consistently investing in employee development, welfare, and satisfaction, we aim to create a workplace that fosters growth and prosperity.”

Olam Agri’s commitment to building a high-performing organisation and an inspiring workplace is supported by 3 Cs of Culture, Contribution, and Career:

1.    A culture of excellence: a culture that encourages collaboration and teamwork, rewards meritocracy and entrepreneurial spirit that allows intelligent risk-taking, and a diverse and inclusive workplace built on trust and autonomy. Easy access to senior leadership further empowers employees, eliminating bureaucratic hurdles and fostering agile decision-making.

2.    Making a difference: a purpose-driven workplace that has sustainability at its heart. It allows playing our part in strengthening global food security, improving access to better nutrition, enhancing the livelihood of communities, as well as tackling climate change.

3.    Opportunity to Flourish: A global footprint allowing truly global careers. This allows people to take on challenging assignments that broaden their experience and help shape and guide their careers matching their aspirations. Everyone feels valued, recognised, and supported to reach their full potential.  

Top Employers Institute CEO David Plink says: “Exceptional times bring out the best in people and organisations. We have witnessed this in our Top Employers Certification Programme this year: exceptional performance from the certified Top Employers 2024. These employers have always shown that they care for the development and well-being of their people. By doing so, they collectively enrich the world of work. We are proud to announce and celebrate this year’s group of leading people-oriented employers: the Top Employers 2024.”

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Putin Threatens Britain’s Fish And Chips…

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One of Britain’s favourite dishes is under threat amid a Kremlin plan to rip up a decades-old agreement allowing UK ships to fish in Russia’s Arctic waters.

British vessels have been permitted to fish along the coast of the Russian Kola Peninsula in the Barents Sea and to east of Cape Kanin Nos for almost 70 years – even at the height of the Cold War.

A massive amount of cod and haddock sold in fish and chips shops across the country is traditionally sourced from these waters – according to UK Fisheries data, a whopping 566,784 tonnes of cod was scooped in the Barents Sea just last year alone. But now Vladimir Putin is said to have declared fishing war on the UK, with his government backing draft legislation that would see Russia pull out of the 1956 agreement and ban Britain from scooping its revered supply of cod and haddock.

It comes in response to Britain’s decision to slap Moscow with sanctions over the war in Ukraine, and could mean Russian navy warships being used to warn off UK vessels.

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GIRSAL awards financial institutions for lending support to the agric sector:

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The Ghana Incentive-based Risk Sharing System for Agricultural Lending Project (GIRSAL), through its Partner Excellence Awards, has recognised its most-active financial institutions and individuals for helping increase lending to the agriculture sector.

The awardees were honoured for supporting the agriculture sector through GIRSAL’s core programmes – the Credit Risk Guarantee Scheme and Technical Assistance and Advisory Services – in 2023.

According to GIRSAL, the awardees’ efforts have played a crucial role in realising the fundamental objective of de-risking and boosting lending in the agricultural sector.

Awardees

Absa Bank Ghana Limited came top, winning four of the awards under different categories, thus becoming the Partner Financial Institution (PFI) with the highest total number of GIRSAL Guaranteed Agricultural Credit; PFl with highest total value of GIRSAL Guaranteed Agricultural Credit; and winner of PFl with Best Quality Agricultural Credit Guarantee Applications.

Fidelity Bank Limited followed with two awards – Most Responsive Partner Financial Institution of the Year and Highest Staff Participation in GIRSAL’S Agric and Agribusiness Finance Training Programme.

Consolidated Bank Ghana Limited also won a PFl award, with the Highest GIRSAL guaranteed Credit of the Year.

Individuals

At the individual level, Eric Nkansah-GCB Bank won the GIRSAL Chief Executive Officer’s special award for Best Performing Relationship Manager of the year.

Also, Ricky Aboagye Poku emerged the Best Training Facilitator in Agriculture Value Chain Courses and Eyram Atsu emerged Best Training Facilitator in Agriculture Finance Courses.

Collective commitment

Chief Executive Officer-GIRSAL, Kwesi Korboe, in an interaction with media at the awards presentation, highlighted the crucial role played by awarded entities in advancing the economy’s backbone; encouraging a collective commitment and intensified support to unleash the agricultural sector’s potential; and the transformative impact it could have on the nation’s prosperity.

He commended the institutions contributing significantly to increasing lending for the agriculture sector, explaining that the awards are a testament to their dedicated efforts in fostering agricultural growth.

He also expressed optimism, noting that there has been a positive change in the culture of lending to the sector and an improvement in sector players’ readiness.

Appreciation

The interim Managing Director-Absa, Adolph Kpegah, said his outfit has been conscious about supporting agricultural sector growth through lending and capacity building along the entire value chain.

“We are truly honoured to be recognised by GIRSAL for our commitment to supporting the agricultural sector; this a testament to the dedication of our team, who are passionate about making a difference in the lives of Ghanaian farmers and agribusinesses.

“Our commitment to the sector’s growth is absolute. Agriculture is essential to Ghana’s economic development, and the high-risk challenges associated with the sector motivate us continuously to find pragmatic innovations – such as the partnership with GIRSAL to improve funding access for the sector,” added Executive Director-Retail and Business Banking, Absa Bank Ghana Ltd., Mr. Kobla Nyaletey.

For his part, Managing Director-Fidelity Bank, Julian Opuni, expressed gratitude for the recognition, highlighting the need for continued efforts to empower and uplift the sector.

He reaffirmed Fidelity Bank’s dedication to doing more, saying the potential within agriculture cannot be underestimated.

GIRSAL

For the past three years, GIRSAL has been awarding its most active partner financial institutions which are helping increase lending to the agriculture sector through the GIRSAL Partner Excellence Awards.

The awards are an annual event to honour the significant contributions of partners – both institutions and individuals – as well as encourage more lending to the agriculture sector.

It also provides an avenue to appreciate the efforts of those making a positive impact in the space.

GIRSAL is a non-banking financial institution established to de-risk agricultural financing and stimulate increased lending to the agricultural sector with the support of financial institutions in Ghana. It provides credit guarantees and technical support to financial institutions and agribusinesses, through well-structured transactions, to increase agriculture lending.

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Tomato prices still high despite drop in wholesale amounts

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Retail price of tomato remains high despite a considerable drop in the commodity’s wholesale price since third quarter (Q3) 2023.

The price for a whole box of the commodity imported from Burkina Faso decreased sharply from GH¢3,000 in Q2-2023 to GH¢1,700 in Q3-2023 – representing a 43 percent drop and has since remained stable through to January 2024. Similarly, the price for a box of locally produced tomatoes dropped by 47 percent from GH¢1,500 in Q2 to GH¢800 in Q3 and remained stable through to January 2024.

Despite the reduction in wholesale prices and fact that most markets visited in Accra are flooded with the produce, some consumers who spoke to B&FT complained of high prices as retail prices remain unchanged. For instance, as a small paint-bucket of local and imported tomatoes goes for GH¢30 and GH¢60 respectively – the prices at which they were being sold before the drop in wholesale prices.

In Ghana, tomato is an indispensable vegetable in the daily diet of people across all regions. Alone, it accounts for 40 percent of total vegetable expenditure. Its value chain in the country has a market size estimated in excess of US$1billion annually – with sub-markets for seeds, agricultural input/implements, haulage, aggregation, tomato concentrate production and sales, among others.

Hagar Asante, a tomato retailer at the Agbogloshie Millenium Market and representative of the market’s queen mother, Mabel Adedevor, told B&FT that: “In spite of the drop, we still consider current wholesale prices of the commodity – both the local and imported – exorbitant; which is why we have not reduced our retail prices”.

Although their decision has resulted in dwindling customer patronage, she noted that it has become necessary for them to maintain the old prices in order to stay afloat.

While bemoaning low profit margins, she said some of her fellow traders have diversified into other businesses because tomato retailing is no longer able to sustain their livelihoods. “Our plight has been worsened by the present economic situation,” she added.

“We are not here to exploit tomato consumers. They are our customers and the reason we are still in business. If a box of the locally grown tomato was reduced to, let say, GH¢400 and the imported one to GH¢1,000 at the wholesale – as it used to be in the past, we would certainly have brought our prices down. Until we see a further drop in wholesale prices, we will maintain the old retail price,” she further said.

While appealing forgovernment to fix roads leading to the markets to enable ease of access for vehicles coming in with goods, she called on the same to install drainage systems to avoid flooding during the rainy season.  “In the rainy season this place becomes marshy, making the road completely inaccessible to goods-carting trucks and sometimes humans,” she lamented.

She urged local farmers to adopt smart choices and approaches in farming to beat competition from Burkina Faso, while imploring government to provide assistance for farmers to enable them produce all-year-round and maintain price stability.

“Scarcity of the commodity leads to a hike in prices. To avert this, there is a need for those in authority to give farmers the necessary help to produce all-year-round,” Ms. Asante advocated.

Sarah Boateng, a tomato consumer who was at the Agbogbloshie Market to buy the produce said: “The traders must reduce their price. It is unfair for them to sell it to us at the old price when wholesale prices have dropped”.

According to a study conducted by the West Africa Centre for Crop Improvement (WACCI), University of Ghana, (UG), Ghana’s fresh tomato demand is estimated to be approximately 2.7 million MT/annum – with an  estimated market size in excess of US$537.5million if the country were to locally produce all that it consumes.

Tomato farming in Ghana is a lucrative business. However, poor farming practices and lack of proper storage and transport infrastructure remain major challenges.

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New global fisheries management body’s first meeting focuses on sustainable practices and promoting biodiversity

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A new global fisheries management body began its inaugural meeting today with key items on the agenda including best practices and approaches for the effective management of fisheries resources, and improvements in the Food and Agriculture Organization of the United Nations (FAO) methodology to estimate the state and health of the world’s marine fish stocks.

The fight against Illegal, Unreported and Unregulated (IUU) fishing, the promotion of adaptive responses to the climate crisis, and mainstreaming biodiversity will also be on the agenda of the COFI Sub-Committee on Fisheries Management‘s 15-18 January 2024 meeting, with a specific focus on small-scale fisheries.

Over 500 million people globally depend, at least partially, on fisheries for their livelihoods – nearly half of them women when considering the whole value chain. While 65 percent of fish stocks were within biological sustainable levels, 35 percent were estimated to be at unsustainable levels – a proportion that has been increasing since the 1970s.

The COFI Sub-Committee on Fisheries Management’s main functions are to provide technical and policy guidance on fisheries management,identify global challenges and opportunities, and promote collective solutions to ensure the environmental, economic and social sustainability of a sector that is crucial for global food security and nutrition.

“Improving global fisheries management remains crucial to restore ecosystems to a healthy and productive state and to protect the long-term supply of aquatic foods,” said FAO Director-General QU Dongyu in his address to the opening of the meeting’s virtual plenary session. “This improvement also includes eliminating illegal, unreported, and unregulated fishing and on addressing the impacts of the climate crisis, and biodiversity degradation that are also heavily impacting aquatic and coastal ecosystems and dependent communities”.

Qu underscored that the Sub-Committee on Fisheries Management will play an important role in addressing these global and complex issues. It will identify and discuss major trends and issues in fisheries management that require measures and make recommendations to the Committee on Fisheries to help advance implementation of the FAO Code of Conduct for Responsible Fisheries and achieve the vision set out in FAO’s Strategic Framework 2022-31 for better production, better nutrition, a better environment and a better life, leaving no one behind.

The Director-General noted that the Sub-Committee on Fisheries Management will guide FAO’s Blue Transformation roadmap and its core objective of ensuring that global fisheries resources – including in lakes, rivers and seas – are efficiently and effectively managed.

On the agenda

During this week’s meeting, Members will share insights, experiences and effective strategies to enhance fisheries management, explicitly considering ecological, social, economic, nutritional and gender objectives. The discussion will be particularly geared towards improving practices in small-scale fisheries both inland and marine, fostering a holistic approach to sustainable management.

Members will also discuss ways to assess the magnitude and impact of illegal, unreported and unregulated (IUU) fishing. This includes reviewing monitoring, control and surveillance systems, as well as enforcement requirements, and improving compliance with international conservation and management measures.

FAO has undertaken various activities to support Members in transitioning to climate resilient fisheries management, and this issue is to feature during the session. The Sub-Committee is expected to share lessons learned towards integrating climate change into national and multilateral fisheries management and governance and recommend areas that need further development, including increasing the adaptive capacity of fisheries operations and assets.

The importance of integrating biodiversity considerations in fisheries management within the context of the Kunming-Montreal Global Biodiversity Framework of the Convention on Biological Diversity is also on the agenda.

Better statistics on the horizon

During the session, Members will review methodological updates to FAO’s State of Stocks Index (SoSI), which has been published every two years since 1971 and presented in FAO’s flagship The State of World Fisheries and Aquaculture (SOFIA) report since 1997.

FAO is the only organization mandated to collect such statistics worldwide. The proposed updates aim to enhance transparency, geographical coverage, and measurement accuracy to better reflect  changes in dominant species, stocks and fisheries practices and align with reporting initiatives and requirements.

COFI, a Technical Committee of FAO,, is the only global inter-governmental forum where major international fisheries and aquaculture problems and issues are examined and recommendations addressed to governments, regional fishery bodies, NGOs, fish workers, FAO Members and the international community.

COFI already has two other sub-committees: one on aquaculture and another on the fish trade. With the creation of the Sub-Committee on Fisheries Management, there is now a third sub-committee entirely dedicated to sustainable fisheries management.

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Otokunor offers support to Berekum goat farmer, calls on MoFA to assist him

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An agriculture entrepreneur and leading member of the National Democratic Congress (NDC), Dr Peter Otokunor, has reached out with support to the founder of Semanhyia Farms, Fredrick Benneh Frimpong.

Semanhyia Farms has been in the news for the past two weeks over an order by local traditional authorities at Senease near Berekum for his farm operations in the locality to cease because of customary reasons.

The confusion and agitation among many people about the issue stem from the perplexing decision to first allow the operations to commence despite the clear knowledge that local custom forbid their gods to coexist with goats because it is a taboo.

Moreover, the operators were granted a five-year period of operation only to be given a mere two weeks to completely wind up their activities.

In a Facebook post, Dr Boamah Otokunor, who runs a commercial farm, said the situation the farmer finds himself in is heart-breaking.

According to him, “As a Ghanaian agripreneur, you are confronted with a myriad of economic, managerial and human resource challenges. Having to deal with such a socio-cultural challenge in addition will be the biggest blow ever to agribusiness.”

“Farming in Africa, please kindly reach out and let’s explore possible ways of support and partnership to relocate.”

Beyond his personal offer of support to the Semanhyia Farms, he went on, “ I want to use this opportunity to call on the Minister of Food and Agriculture, Bryan Acheampong to take swift action in aid of Semenhyia Farm, to save the business of the young agriprenuer and the hundreds of employees working there.

“Agriculture remains the most potent avenue for exponential economic growth and massive job creation. It remains in government’s interest to support and encourage young minds who venture into it, other than scare them away from it,” portions of his post on Facebook stated.

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Poultry farmers call govt for support amidst rising maize price

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The Greater Accra Regional Poultry Farmers Association is calling on the Ministry of Food and Agriculture for support in reducing maize price.

During an award ceremony of the Association, the Chief Executive Officer for the association, Isaac Awuzah revealed that there has been a price increase in poultry feed, making it a challenge for the Association.

Mr Awuzah highlighted the decrease in maize production as a mechanism of a high maize price, urging the Ministry to intervene for the Association to obtain maize at a moderate price.

According to him, the hike in maize price contributes to the increase in feeding prices, affecting the poultry industry.

“We are urging the ministry to help us get them at a cheaper rate because if there is a decrease in maize, it also affects the prices of feeding, eggs, and poultry. We would appreciate it if the Ministry of Food and Agriculture come to our aid.”

He also urged the feed suppliers to be considerate to reduce their burden.

The president of the Association, Kwame Anim Somoah, also emphasized some measures put in place to enhanc production.

“We have experts who educate our farmers regularly on what to do to improve the business, including cleanliness.”

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60% of Africa’s food is based on wheat, rice and maize – the continent’s crop treasure trove is being neglected

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African countries have become reliant on a few food items. Just 20 plant species now provide 90% of our food, with three – wheat, maize and rice – accounting for 60% of all calories consumed on the continent and globally. This deprives the continent of diverse food sources, at the very time when research has found massive food and nutrition insecurity in Africa.

By 2020, about 20% of the continent’s population (281.6 million) faced hunger. This figure is likely to have increased, given the impacts of successive droughts, floods and COVID-19.

Yet historically, Africa had 30,000 edible plant species, and 7,000 were traditionally cultivated or foraged for food. The continent is a treasure trove of agrobiodiversity (a diversity of types of crops and animals) and its countries could easily feed themselves.

As society and agriculture evolved, many foods that defined diets and sense of self on the continent were lost. Many of these now occupy the status of neglected and underutilised crop species. Knowledge of their production is slowly fading away.

We reviewed studies and policies related to wild food plants, nutrition and justice and found that many underutilised but nutritious and hardy crop species that could be grown to end hunger in Africa. These included Bambara groundnut, cowpea, pigeon pea, millet, sorghum and African leafy vegetables such as amaranth and wild mustard.

Our findings identify nutritious crops that can tolerate heat and drought and could be planted by smallholders on land that is unsuitable for mass monoculture.

But, for this to happen, policy changes are needed. Governments should encourage their production and consumption through incentives. Campaigns are needed to build awareness and education about the health and environmental benefits of the crops and to dispel the social stigma that they are only eaten by poor people.

Resetting Africa’s food systems

The current agrifood system has not delivered for Africa. Our research shows that Africa’s food and nutrition insecurity is not, as often assumed, the result of low agricultural productivity, poverty or the hot, harsh climate. Africa has millions of hectares of fertile soil, now threatened by degradation, and made worse by climate change.

The Green Revolution of the 1950s and 1960s, in which monocrops like maize wheat and rice were grown on a mass scale, with large amounts of fertilisers, heralded the industrial agrifood system. But it did not translate into success in Africa, where monoculture led to ecological and environmental degradation. It undermined the livelihoods of millions of smallholder farmers and created a food and nutrition insecurity paradox – hunger amid plenty.

Neglecting agrobiodiversity in favour of monoculture left even these cash crops lacking resilience and vulnerable to external shocks. This made food production even more unsustainable, which led to hunger, vulnerability, poverty and inequality.

Next steps

Climate change is already affecting yields through recurrent floods and droughts, worsening hunger on the continent. Mainstreaming neglected and underutilised crop species could boost agrobiodiversity on the continent and improve plant resilience in times of climate change. However, this requires giving these crop species equal status with major crops by stimulating their production by smallholder farmers.

Governments also need to support and fund research into the development of the crops. And campaigns are needed to build awareness and education about their health and environmental benefits.

Research shows that smallholder agriculture in Africa is a vehicle through which poverty reduction and rural development can be achieved. Recent research into crop and dietary diversity, smallholder farming and malnutrition in South Africa found that smallholder farmers who grow a wider range of crops have a more diverse diet. They also make better sales in local markets and use the profits to buy a wider range of food.

The research also found that, if supported with training, market and credit access, smallholder farmers could contribute to the dietary diversity of communities. This also translates to improved income for rural households and creates employment. Growing underutilised crops can promote pathways out of poverty.

Another potential positive outcome could be the empowerment of women. Women are mainly responsible for producing and conserving neglected and underutilised crop species. Switching to these crops could empower them if they were included in new value chains set up to get these crops into the market. But new government policies are imperative, such as offering women credit facilities, land, water rights and viable markets.

Lastly, mainstreaming these crops could help achieve a more socially just agrifood system. Reverting to forgotten fruit and vegetables would also represent a locally driven solution that harnesses Africa’s natural and social capital. It would empower African communities to achieve food sovereignty, sustainable livelihoods, social justice, and human and environmental wellbeing.

With support, neglected and underutilised crop species could be “opportunity crops” for achieving an Afrocentric agrifood system that celebrates Africa’s heritage.

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Ghana, Ivory Coast, Nigeria and ither ECOWAS countries control 10% Of $200bn Cocoa Market’

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Lack of policy, research and development have been identified as some of the factors militating against Nigeria’s inability to harness the $200bn global cocoa market.

Director-General, Nigeria Export and Import Bank, NEXIM, Abba Bello stated that Nigeria has not tapped into the wealth cocoa can produce, saying the industry is worth $200bn annually.

He stated this during a press conference held in Lagos to herald the International Cocoa and Chocolate (ICCF) 2024 NIGERIA with the theme: “Adding Value to Cocoa in Producing Regions.”

The MD represented by NEXIM’S General Manager, Head of Strategies, Tayo Omidiji said, “It is instructive to note that the cocoa industry (including beans, cake, chocolate, etc) is worth $200bn annually, out of which the entire West African producing region (made up of Cote d’Ivoire, Ghana, Cameron and Nigeria), which account for about 70 -75% of the global output earns only $10bn.

“To further drive home the point, I would like to make reference to the report by the International Trade Centre (ITC) in 2021.  According to the report, Nigeria produced 208 MT of cocoa beans in 2021, but generated a total income of $628m.  However, Germany, which did not produce cocoa earned a whopping $57.3bn from export of cocoa products,” he said.

The founder, International Cocoa Diplomacy, Oloni of Eti-Oni, Osun State, Oba Dokun Thompson Gureje IV said,  “The most important aspect of value addition is not even physical and very soft – policy, research, innovation and the rest comes after that.”

He expressed worry over the non-inclusion of Nigeria as one of the countries of International Cocoa Organisation (ICCO).

“We are working on research with the Applied Sciences University in Zurich and Tside University in the UK. It is about getting the right quantitative analysis of the cocoa flavour on our cocoa based on agricultural practices.

“In the past, it used to be based on residual value. What that means when you take cocoa, they will tell you, ‘you used pesticides on it, so it is useless’. So, if that is the case, what about what is inside of it, nobody has ever done that and nobody has done that on Nigeria cocoa,” he added.

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Galamsey: Ghana would soon import cocoa and water – National House of Chiefs

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The National House of Chiefs has asked traditional leaders across the country to play key roles in addressing the long-standing issue of illegal mining as it continues to pose threats to water bodies and forest reserves.

Following the recent arrest of individuals over illegal mining, the National House of Chiefs has tasked traditional leaders to show active involvement in the fight against the menace.

Speaking at a National House of Chiefs meeting in Kumasi, its President, Ogyeahoho Yaw Gyebi II stressed that without the active involvement of chiefs, the government will not be able to address the illegal mining menace.

He has thus called on the government to collaborate with traditional authorities to help fight the canker. The National House of Chiefs wants the government to draw up a comprehensive plan on how to address the pressing issue by dedicating adequate resources to help address the issue.

“Nananom, there is enough evidence to suggest that the Government approach in dealing with galamsey without the active participation of traditional authorities will not succeed. If the government does not involve Nananom, this fight will not succeed”

“The government should collaborate with the traditional authorities to draw up a detailed plan and provide adequate resources to help fight Galamsey and the menace associated with it, then we can plan follow-up actions to address the negative effects on our environment.”

Ogyeahoho Yaw Gyebi II further noted that the canker if not urgently mitigated will adversely affect the quality of crops such as cocoa. According to him, some cocoa farmers are being harassed and threatened to sell their lands due to illegal mining. He stated that the country might start importing both water and cocoa if care is taken.

“There are also fears that the soil poisoned by galamseyers can affect not only the production of cocoa but also the quality of cocoa that we produce”.

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