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Prices of foodstuff to remain high until June 2024 – GAWU

The General Agriculture Workers Union (GAWU) is forecasting that prices of foodstuff would remain high until June when the harvesting of food would begin.

This is coming after food inflation fell consecutively for the last six months to 27.1% in January 2024.

Speaking to Joy Business, General Secretary, Edward Kareweh, warned that the prices of food would not get better any time soon.

“Well, the price of food will not get better anytime soon. Looking at the country as a whole, we are entering into or are already in the lean season of production and no part of the country is experiencing harvest of foodstuff, particularly the major samples”.

“If we look at maize, it’s not being harvested anywhere in the country. Similarly, rice is also not being harvested unless those in the irrigation areas”, he added.

He continued saying most parts of the country are not experiencing rainfall.

“Generally speaking, there are no rains throughout the country, and at this time also the Western parts of the country will begin preparation of their farms for the major season”.

“During this season, all the foodstuff we are eating is from last year. So don’t expect food prices to come down now”, he pointed out.

Furthermore, Mr. Kareweh said “we expect that by the middle to the end of March [2024], food prices will go up and stay high like that until we begin to harvest around June/July in the Southern parts of the country”.

Ten out of 15 Sub-Class register inflation higher than overall food inflation

Seven divisions recorded inflation rates higher than the national average.

They are Alcoholic Beverages, Tobacco and Narcotics (38.5%); Personal Care, Social Protection and Miscellaneous Goods and Services (32.0%); Restaurants and Accommodation Services (29.2%); Furnishings, Household Equipment and Routine Household Maintenance (27.7%) Food and Non-Alcoholic Beverages (27.1%); Health (26.6%) and Recreation, Sports and Culture (24.9%).

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Cocoa market is currently bullish – COCOBOD CEO

Cocoa prices are currently doing well on the international market hence Ghana is going to soon experience a better picture of its local market, Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, has said.

He noted that the cocoa sector in Ghana performed poorly between the period 2017 and 2020 because the prices on the world market had collapsed by 30 percent.

Although production went up in 2020, the prices were not the best on the international market, a situation that affected the local market as well, he added.

The International Moneyray Fund (IMF) recently said that the state-owned entity mandated with facilitating cocoa production and exercising export monopoly—has long registered losses due to the absence of a systematic mechanism for setting producer purchase price (PPP), significant quasi-fiscal activities (roads construction and input subsidy programs), and large administrative costs.

The debt accumulated by COCOBOD over the past few years became too expensive to service and had to be restructured.

Appearing before the Public Accounts Committee (PAC) of Parliament on Tuesday February 20, Mr Joseph Boahen Aidoo said “Mr Chairman we are on the path of a turnaround. COCOCOB’s financial situation is dictated by the international market price, that is the word cocoa price. and we all know that from 2017 to the date in question prices of cocoa in the world market had collapsed by 30 percent.

“In 2020 that is also when we had our highest reduction, so when prices collapsed at the time when we had increased yield, definitely, your direct course and inventory go up whereas the revenue generated goes down. That is what explains the huge e deficit for that period. essentially, yes we had record production but prices at the international market did not favour us. ”

Assuming the prices on the world market keep falling, what are you going to do to break even as a company? he was asked by the chair of the PAC James Kluste Avedzi.

In answer, he said “For the past years what we have been doing is taking measures to cut down the cost of operations and other activities. But currently, as we speak the market is going bullish, cocoa prices have relished, there is an ever record so we strongly believe that in the coming years, we are going to see a better picture. It’s bullish, it is not something that is going to ease too soon because the fundamentals are going to keep the prices there for the next three years

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Poultry farmers call for urgent intervention by government to revive sector

Poultry farmers are calling for an urgent government intervention to help revamp the sector.

The importation of poultry products amounted to approximately GH¢868.8 million, about 7.7% of total imports in 2023.

According to the President of the Greater Accra Poultry Farmers Association, Kwame Anim Somuah, the high cost of borrowing makes it difficult for farmers to remain sustainable amidst the increasing market demand.

He emphasised the challenges faced by farmers who heavily rely on egg production to sustain their businesses.

 “Most poultry farmers depend solely on egg production to sustain our business. Unfortunately, along the line when you lose your birds and you are not getting any support from the government it becomes so difficult to be in business.”

“This is because most farmers have borrowed money from banks with very high-interest rates. This puts the farmers in a very desperate situation,” he added.  

However, the Chief Executive Officer (CEO) of GAPFA, Isaac Awuzah, emphasised poultry farmers commitment to boosting local production and reducing reliance on imports.

“Last year with the help of IFE a German company,” he explained, “We’ve acquired a 15 metric tons per hour machine that is going to augment the existing ones that we have. It means if we were producing 3000 bags a day, it means we are going to quadruple it, and in that sense, we can go to the various regions of the country. This year, we are going to increase the production massively.”

Poultry farming has become a crucial business in the agriculture sector in Ghana, playing a significant role in the nation’s economy and ensuring food security.

Recent statistics indicate that as of 2020 the poultry industry contributed to about 16% of the total livestock production in Ghana.

The sector achieved an annual production of over 128,000 metric tons of poultry meat and nearly 2.3 billion eggs. The national demand for poultry meat alone is about 400,000 metric tons with local production of just about 57,871 metric tons.

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Global Agri-business Firm, Olam Agri Temporarily Suspends Purchase Of Maize, Sorghum From Nigerian Market Over Food Scarcity

The company said the suspension would allow it to closely monitor market trends and adjust to market realities.

Olam Agri in Nigeria, a provider of differentiated food, feed, and fibre products, has temporarily suspended the procurement of essential grains such as maize and sorghum immediately.

The company said the suspension would allow it to closely monitor market trends and adjust to market realities.

Olam Agri said it “recognises the nation’s significant challenges of food insecurity”.

It said, “As a major buyer and processor of food staples, we share the concerns around the high prices and supply chain disruptions affecting the availability of essential grains.

“In response to these challenges, we are actively collaborating with industry peers and government authorities to identify and implement strategic solutions to alleviate any additional stress on food availability.

“As part of our proactive approach, Olam Agri in Nigeria has decided to temporarily suspend the procurement of essential grains such as maize and sorghum immediately which will allow us to closely monitor market trends and adjust to market realities.

“This decision follows wide consultations with relevant authorities and is part of our commitment to manage the ongoing crisis.

“During this period, our commitment to contribute to local food production capacities remains unwavering as we will ensure uninterrupted distribution of food supplies to the public.

“Our longstanding practice of sourcing essential grains from local Nigerian farmers has supported thousands of livelihoods and met the country’s demand for critical nutrients in daily diets.

“We are steadfast in our commitment to driving sustainable socio-economic development and food security in Nigeria. We are committed and will continue to work closely with authorities to contribute to stabilising the current market challenges.”

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Wonfliki partnered EOS Data Analytics to transform agriculture

Wonfliki, a Ghanaian AgTech innovator, is collaborating with EOS Data Analytics – a global leader in AI-powered satellite imagery analytics – to propel it to the forefront of the country’s AgTech sector and reinforce its commitment to sustainable agricultural practices.

In response to the challenges faced by Ghana’s agriculture sector characterised by traditional family-run farms with limited surpluses, Wonfliki has joined forces with EOS Data Analytics to usher in a new era of modernisation and enhanced productivity. This partnership aligns seamlessly with Wonfliki’s dedication to mitigating risks in crop farming and ensuring proper land titles for farmers.

Wonfliki is set to leverage this partnership to deliver advanced crop monitoring services. This revolutionary technology will empower farmers and agribusinesses across local and continental landscapes, streamlining operational efficiency and conserving crucial resources.

Ghana’s agriculture industry which is projected to reach a market size of US$3.4billion in 2024, stands to benefit significantly from this collaboration. With Wonfliki’s commitment to bridging data gaps, enhancing farm productivity and contributing to sustainable agricultural development, the partnership addresses the evolving needs of the sector.

The partnership grants Wonfliki access to comprehensive satellite imagery data, offering valuable insights into crop health, predictive weather patterns, and farm conditions. This information, available for remote access by farmers and agribusinesses, heralds a new era in the utilisation of agricultural data.

Hillary Adare, Founder of Wonfliki, expresses enthusiasm about the partnership: “We eagerly anticipate harnessing this collaboration to improve farmers’ productivity using data-driven strategies. This venture not only elucidates cause-and-effect dynamics in farming, but also drives economic growth by enabling budget-informed decisions for agricultural businesses”.

Rim Elijah, VP of Sales at EOS Data Analytics, echoes this enthusiasm, stating: “We are thrilled to commit to advancing sustainable agricultural practices in Africa and enhancing technological adoption for the benefit of both individual agribusinesses and governmental bodies”.

Looking ahead, the partnership with EOS Data Analytics positions Wonfliki to engage with stakeholders and farmers in the agricultural domain, aligning with its commitment to augment efforts in the sector. Together, both organisations are determined to expand their impact by providing innovative solutions to a broader range of farmers, industries and government-led initiatives in the region.

What this means for the market

This partnership signifies a significant leap forward in the modernisation of Ghana’s agriculture sector.

With advanced AI technologies and satellite data analytics at its core, Wonfliki – in collaboration with EOS Data Analytics – is set to help farmers get more from their hard work. The technology has the ability to monitor crop health in real time, and coupled with access to forecasted weather information, it empowers farmers to make informed decisions.

The farm management system cuts costs and contributes to resource savings, aiding in effective farm management.

As Ghana’s agricultural landscape evolves, the integration of technology promises a future marked by resilience, sustainability and unprecedented growth; and Wonfliki aims to be a part of this story.

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Low investment in hatcheries, feed mills hampering poultry sector

The Ghana National Association of Poultry Farmers (GNAPF) has attributed low levels of domestic poultry production to inadequate investment in the value chain by both government and private sector players.

GNAPF expressed concern about the situation, noting that there has been little investment in in-country facilities in the poultry value chain from hatcheries, feed mills, processors and cold chain facilities.

Ghana’s poultry demand, according to the United States Department of Agriculture (USDA), exceeds 460,000 metric tonnes per annum.

Data from the association indicates that local hatcheries only produce some five percent of the entire national demand, with 95 percent coming from imports.

“With national demand still skyrocketing, feed mills are also producing at only 12 percent capacity,” GNAPF president, Mr. Victor Oppong Adjei, said.

He said there exists only one commercial poultry abattoir in the country, slaughtering 9000 birds per day, but renewed investment in the sector could trigger establishment of several others.

Despite these capacity challenges, Mr. Oppong maintains that there exist opportunities for investors. For instance, while lamenting that broiler production is currently at lowly 15 percent of domestic demand, he indicated that it also presents an opportunity for investors.

Over the years, the GNAPF said more attention has been given to layer production as it is seen as more lucrative by farmers due to high demand for eggs.

Although the government introduced the Rearing for Food and Jobs programme in 2017 to promote local livestock production, particularly poultry, the initiative has seen little results.

This initiative was to increase broiler production and stop reliance on poultry importation. The programme looks to help support investors in the poultry value chain to produce over 162 million broilers and over 350 million guinea fowls within a space of five years to stem imports.

However, serious bottlenecks exist in the realisation of this dream. Among the key problems include high cost of feed – maize and soya beans- and utilities. Poultry sector stakeholders have consistently maintained that local production is suffering because of cheaper imports.

Notwithstanding these challenges, GNAPF reiterated that great investment prospects exist in the value chain, including setting up of large-scale farms; slaughtering and meat processing facilities, haulage and cold storage facilities; and establishment of new hatcheries, feed mills and breeder farms.

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Former Agric Minister calls for speedy passage of L.I to restrict the importation of agric products.

The Former Minister of Food and Agriculture, Dr. Owusu Afriyie Akoto is calling for speedy passage of the Legislative Instrument restricting importation of certain agricultural products.

Speaking at the launch of the 70th anniversary of the Faculty of Agriculture at the Kwame Nkrumah University of Science and Technology, Dr. Afriyie Akoto said the delayed passage of L.I puts Ghanaian farmers at a disadvantage.

“12 of these products are agricultural products are cultivated by our farmers in Ghana.

“Our farmers are heavily disadvantaged under the current import regime. They desperately need a level playing field in order to compete effectively with their counterparts abroad,” he said.

In November 2023, the Ministry of Food and Agriculture pushed for the establishment of a regulation that will restrict the importation of what they call strategic products.

Some of the items include rice, fruit juices, innards, fish, cement, and some other 17 items.

However, the government suspended the L.I following massive opposition from various stakeholders including the minority in parliament.

The Vice-chancellor, Prof. Rita Akosua Dickson touted KNUST’s commitment to ensuring the growth of Ghana’s agricultural landscape.

“New frontiers of agriculture have emerged, coupled with the negative effects of climate change and the need for climate change adaptation mitigation strategies, all the new technologies including artificial intelligence, internet of things and what have you are going on around us.

“As a leading science and technology university in this country, we have a responsibility to ensure that technology works for us as a university and the country as we keep our eyes on food security and all the issues that are related to agriculture in this country. We have led the way and we must continue to lead the way,” she emphasized.

The Faculty of Agriculture has been instrumental in efforts to ensure sustainable agriculture in Ghana.

The Faculty has for over 70 years contributed to programmes such as the Danida Root and Tuber Value Chain Project, AUSAID Improved Yam Storage Project, Ghana Poultry Project (GPP) Youth mentorship Programme, Finatrade Foundation Model Farm Concept among others.

With a student population of over 5,000, the faculty has been particularly facing infrastructural challenges.

The Dean of the faculty, Prof Enoch Adjei Osekere called on alumni and other stakeholders to help curtail the challenges.

“Student numbers have not come with commensurate infrastructure, academic and other staff support. Our lecture space is highly inadequate, laboratories lack state-of-the-art equipment and teaching materials are almost outdated.

“These challenges have reduced the effectiveness of teaching, learning and hands-on experiences,” he stated.

Some distinguished alumni were awarded for their accomplishments in various sectors of the Ghanaian economy.

An alumni and former Minister for Foreign Affairs and Regional Integration, Hackman Owusu-Agyemang spoke about how the ideals of KNUST have positively impacted his life and career.

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Agriculture without investment is like dancing without music – Prof Eric Danquah

The 2022 Africa Food Prize winner Prof. Eric Danquah has called on African governments to increase investments in the agricultural sector.

He said there is a frustrating lack of investments by African governments in agricultural science because there is a lot of short-term thinking by visionless leaders.

“Despite typically being farmers themselves, many African politicians mentally uncouple farming and science. They somehow expect smallholders to flourish even if research and development gets no money.

“But to paraphrase a former Tanzanian president, agriculture without investment is like dancing without music,” he said in an interview.

The founding director of the West Africa Centre for Crop Improvement (WACCI) at the University of Ghana said Africa cannot afford to keep on importing so much food.

“Spending foreign exchange on crops we could be growing locally is not only perverse but also unsustainable,” he said.

“When good African science gets into their hands, our farmers can compete, improve their livelihoods, and feed their countries,” he assured.

Prof. Danquah said African crop scientists must ensure that they are using the most efficient methods such as speed-breeding and other advanced technologies to develop better seeds for farmers.

“We have to keep abreast of what is happening elsewhere and be on the lookout for new, sometimes unexpected partnerships. At the same time, we must always align our science with societal needs,” he said.

“That means, for example, breeding varieties that help improve smallholders’ resilience rather than “only” tolerating a particular pest or disease.

“That’s a subtle mindset shift, but a vital one. And it means a greater focus on multi-disciplinary teams that develop, implement and learn together,” he noted.

The University of Ghana professor said the Covid pandemic was a big reminder of the fragility of African food supply chains.

“Here in Accra, as in most of the continent’s cities, informal channels play a crucial role in ensuring access to food and income.

“To tackle major challenges to the supply chain, African countries must meet their own needs locally. We can’t depend on imports,” he said.

He said African farmers could and should be more productive than they are currently.

“They deserve better varieties, developed locally…African crop science still lacks the critical mass required to serve the continent’s agriculture appropriately,” he said.

Prof. Danquah called for more efforts to tackle brain drain on the African continent. “International experience is highly valuable.

“Just look at all the places where our faculty trained! What matters is that Africans who study overseas then come back. And for WACCI, with its international intake, there is also an intra-continental aspect,” he said.

“One of the most rewarding sides to my job is seeing the impact that our alumni make back home. Former WACCI students are now spearheading crop improvement in more than 15 African countries.

“Who would have thought that would be possible 20 years ago? There were many doubters. But my WACCI team believes in young scientists, and they continue to justify that confidence,” he added.

Prof. Danquah observed that battling brain drain also requires high-quality organizations and facilities that encourage Africans to stay and work at home.

“We have to offer people a great place to work, in all respects. That’s why “People” are one of the five priorities in the University of Ghana’s 2024-29 Strategic Plan,” he said.

“In crop science, ambitious academics want top-class labs, greenhouses, and demo plots. And they need good long-term prospects – properly endowed fellowships, for example, not just a series of temporary grants. Nobody can live on a vague “we might extend it” from governments or donors,” he added.

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2023 Kofi Annan Award seeks to support technology-powered solutions and approaches that are helping to improve food security and systems in African countries. Social entrepreneurs with digital or technology-powered solutions for Africans should address one or more of the following priority topics:

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  • Circular solutions and reduction of post-harvest losses

Nine promising teams will participate in a fully virtual Innovation Bootcamp to collaborate with technical and industry mentors and can apply for €250,000 equity-free funding. The three ventures selected to receive EUR 250,000 will also be welcomed into a WFP Sprint Programme. This 12-month acceleration program offers mentorship, a global network of influential partners, and resources designed to expedite growth and impact.

Apply Now! Deadline is February 8, 2024

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