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Capital Markets

Gov’t moves to curtail projected $3b annual loss to vegetable production

By : Tetteh Djanmanor on 17 Jul 2020, 11:54

Dr Owusu Afriyie Akoto, Minister for Food and Agriculture

The Agric Minister is worried about vegetable production in the country losing out on a projected $3 billion annually.

Dr Owusu Afriyie Akoto said the lack of modernised equipment coupled with poor infrastructural development for the Ghana Irrigation Development Authority (GIDA) has led to the sector’s dwindling capacity.

It is against this backdrop that his outfit has handed over four Reefer (Refrigerated) Vans to vegetable dealers under the Ghana Commercial Agriculture Project (GCAP) to boost production.

Using Kenya as a case point, Dr Afriyie Akoto told JoyBusiness vegetable production could be wielding as much revenue as Kenya is generating, thus about 3 billion dollars a year.

“If you look at history of the assistance of government, it’s been virtually nothing and here is an untapped potential that we feel that with little push they’ll be able to deliver.” He said.

The vans, which form part of packages under the Peri-Urban Vegetable Value Chain project of the GCAP, seek to link vegetable farmers to markets as well as stabilize their prices.

BB Vegies, AB Farms, HMR and Dzifresh Companies are the beneficiaries of the Reefer Vans.

The event featured the commissioning of a new Ghana Irrigation Development Authority (GIDA) office building situated at Cantonment.

Chief Executive Officer of GIDA, Wilson Dankwarh said the office building would provide the needed working space to boost the sector’s market offering.

The new GIDA office was funded by the World Bank through the Japanese government.

Source: Myjoyonline.com