Gov’t has restricted cereal exports in order to boost domestic food production – Akufo-Addo

Date:

President Nana Akufo-Addo says the recent shortage of grains across the globe following the Russian-Ukraine war forced government to ban the export of cereals.

The government earlier this year extended the ban on the exportation of grains including maize, rice, and soya beans.

Speaking at the commissioning of a new production plant at Nestle Ghana Limited in Tema, President Akufo-Addo explained that the government had to make the tough decision to save the country’s food production sub-sector.

“In order to boost access to domestic materials during this period of food shortages, the government had to ban the export of domestic materials particularly grains.”

“This is in addition to the substantial investments already made in the agricultural sector to boost agricultural productivity and yield.”

Two months ago, the Ministry of Trade and Industry restricted the export of the two commodities to ensure the availability of the products, whose production is subsidized.

Apart from recent data from the Ghana Statistical Service (GSS) indicating the increasing cost of foodstuff, there have been concerns about a possible food shortage in Ghana.

The Ministry of Food and Agriculture has however downplayed these claims.

Share post:

Subscribe

Popular

The 24-hour market project signals new era of commerce in Atwima Kwanoma – DCE 

Mrs Grace Agyemang Asamoah, the District Chief Executive (DCE) for Atwima Kwanoma,...

Lower Pra Community Bank records 61% profit growth 

The Lower Pra Community Bank PLC in the Shama District...

Ghana, UK sign multi-million pounds sterling  partnership to boost investments, growth  

Ghana and the United Kingdom have signed a landmark Growth...

President Mahama holds bilateral talks with UK Prime Minister Keir Starmer

President John Dramani Mahama on Tuesday held a breakfast...

More like this
Related