Connect with us
NOT IN USE

People & Lifestyle

Gov’t urged to set up Special Agriculture Sector Investment Fund

Published

on

Professor Godfred Bokpin
Professor Godfred Bokpin

The Peasant Farmers Association of Ghana (PFAG) and SEND GHANA have urged government to set up an Agriculture Sector Investment Fund to help address the resource constraints for achieving food security.

Speaking on agriculture sector led-economy recovery at a public forum, Professor Godfred Bokpin, an Economist and Professor of Finance at the University of Ghana Business School, said, food index in Ghana has surged since the country reported its first case of Coronavirus disease and the fear of COVID-19 is collapsing economies.

“This requires that, as a country we need a secured financial structure that can serve as a financial reservoir for farming activities,” he suggested.

Bokpin argues that, as the Finance Ministry prepares to present its mid-year budget review and supplementary estimates for 2020, a Special Agriculture Sector Investment Fund should be set up with strong involvement of Private Sector to make it attractive in financing the entire agriculture value chain including poultry.

According to him, the Fund can be used to improve the efficiency in existing agriculture sector interventions such as subsidy on fertilizers among others to sustain the economy of Ghana in the midst of COVID-19.

The forum, organised by Peasant Farmers Association of Ghana (PFAG) in collaboration with SEND GHANA and with support from the International Budget Partnership, was held under the theme: Anchoring Ghana’s Post-COVID Recovery on Agriculture: Investing in Smallholder Farmers for Food Security and Growth” to elicit inputs for consideration into the upcoming mid-year budget review to be presented by the Ministry of Finance.

On her part, a Deputy Director, Policy Planning and Budget Directorate, Ministry of Food and Agriculture, Madam Josephine Quagraine, mentioned that, the Ministry of Food and Agriculture (MoFA) is in the process of developing a strategy that will enhance access to finance for crop and livestock producers and processors, which would implore banks to apply their expanded pool of funds to finance actors in the maize, rice, soy and poultry supply chains.

She said with this strategy, they would improve extension delivery, expanding access to information, while intensifying the use of electronic media (TV and radio) to enhance extension delivery.

Ben Kanati, a smallholder farmer at Ashaiman in adding his voice acknowledged government’s investment in the agric sector and lamented that, “over the years Agriculture seem not to have received the required investment as stipulated by the Comprehensive Africa Agriculture Development Programme (CAADP). For Ghana to succeed, let’s look the way of Agriculture by increasing investment in the sector.”

The forum served as a platform to discuss the impact of COVID-19 on the economy as a whole and justify the prioritisation of agriculture as the engine to propel Ghana out of economic quagmire due to the COVID.

Advertisement

People & Lifestyle

WATCH: Mercy Aseidu cuts sod for ICT Project in Kunsu

Published

on

Mercy Aseidu Cut sod for Kunsu ICT Project

Ghanaian movie star and co-host of Obra at Nhyira FM, Ohene Yere Mercy Aseidu on Saturday 6th August 2022 cut sod for the construction of a modern ICT Center at Kunsu. (more…)

Continue Reading

People & Lifestyle

Renault Ghana, Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Published

on

Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Premium Motors Limited, the authorized distributors of Renault vehicles in Ghana, has sponsored the celebration of this year’s Asafotufiami Festival by the people of the Ada Traditional Area. The sponsorship forms part of Premium Motor’s commitments aimed at celebrating the promotion of Ghanaian culture and heritage.

 Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Speaking at a grand durbar to celebrate the festival, the General Manager of Renault Ghana, Lilian Augusto, reaffirmed her company’s commitment to the country. She said “Ghana’s deep and rich cultural heritage and festivals such as the Asafotufiami present us with a unique opportunity to preserve and celebrate the rich Ghanaian culture. We are happy to have celebrated alongside the Chiefs and people of Ada this year. Ghana remains a key Renault market and we will continue to play our part in projecting Ghana and supporting development across the country.”

 Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

In his remarks, Marketing Manager of Renault Ghana, Christopher Attipoe, said it is a part of the company’s purpose to positively influence the communities in which they operate. According to him “As a company, we are committed to the societies and communities in which we operate and it is part of our objectives to positively influence, grow and promote Ghana’s rich and indigenous culture.”

Read Also: Sangu Delle Foundation honours Nana Dufie Addo, former COO of GIPC, with leadership award in job creation in Africa

 Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Celebrated by the people of Ada, the Asafotufiami festival aims to remind the Ada people of the great wars they survived and to honor their soldiers, ancestors and former chiefs, all of whom contributed to the successful establishment and survival of the Ada kingdom. This year’s festival, which is the first to be held after the lifting of the ban on large public gatherings, was held under the theme ‘Uniting the Ada State in Peace and Harnessing our Individual Potentials through our Cultural Heritage and Usage of our Natural Resources”.

 

Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival7 Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival4

 Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Premium Motors Limited Join People Of Ada To Mark Asafotufiami Festival

Continue Reading

People & Lifestyle

The astonishing rise of VR video quality

Published

on

The astonishing rise of VR video quality

It’s no secret that video quality has been improving at an astounding rate over the past few years. This is especially apparent in the world of virtual reality, where immersive, high-quality video experiences are becoming more and more common. So what’s driving this rapid improvement in VR video quality? (more…)

Continue Reading

People & Lifestyle

Sangu Delle Foundation honours Nana Dufie Addo, former COO of GIPC, with leadership award in job creation in Africa

Published

on

Sangu Delle Foundation honors Ms. Nana Dufie Addo, former COO of GIPC, with leadership award in job creation in Africa

The Sangu Delle Foundation (SDF) presented the former Chief Operating Officer of the Ghana Investment Promotion Centre (GIPC) with a Leadership Award in Job Creation during its inaugural fundraising gala held at Kempinski Hotel in Accra on July 31, 2022. (more…)

Continue Reading

People & Lifestyle

How to Make Money on YouTube in 2022

Published

on

Kwadwo Sheldon 1

Below are 4 best ways to monetize your channel. (more…)

Continue Reading

People & Lifestyle

Sermorelin and Ipamorelin Blend And Muscle Growth

Published

on

Sermorelin and Ipamorelin Blend And Muscle Growth

Growth hormone-releasing peptides (GHRH) like the Sermorelin-Ipamorelin combination stimulate the pituitary gland to produce more growth hormones. (more…)

Continue Reading

Trending