Connect with us

Business

Esoko urges the government to speed up the warehousing project.

A Commodity price survey service company, Esoko Ghana, has asked the government to speed up its construction of warehouses to prevent post-harvest losses as the harvest season for farmers inches closer.

The government in 2018 launched the one district, one warehouse project, to provide storage for farm products.

For many years, post-harvest losses have become a common feature in Ghana’s agric value chain largely due to limited storage facilities for food products.

This situation usually leads to farm products going bad, making farmers poorer as they earn less for their work.

The situation also threatens food security, as storage is critical in difficult times when such products are not in abundance.

The government in March 2020 said it was constructing 50 warehouses across the country as part of the one district one warehouse project.

Although these projects are yet to see the light of day, the Minister of Agric in April 2020 said, the government is constructing 80 warehouses with the capacity to store up to 80,000 metric tonnes of food items aimed at ensuring food security.

He said upon completion, these warehouses would be distributed to the National Food Buffer Stock Company, the Ghana Stock Exchange, private sector organizations and the sector Ministry for efficient operation.

Content Manager at Esoko Ghana, Francis Danso Adjei, tells the media that, the government must show more commitment to meet this need.

He said lack of storage facilities will be a major problem for farmers and traders, especially during the harvest season.

“We as a country would have to take a bold step to invest in post-harvest management and storage facilities. When you go to the market now, you will realize that a box of tomatoes that were being sold for, between Ghc 800 and Ghc1,000 is now being sold at Ghc 200, Ghc 300. This is because, if they don’t reduce the price, they will have no way of storing the commodity. We need to invest in storage so that once we have excess, we can store them and during the lean period, we can start releasing them onto the market to make sure that we have stable supply” he advised.

Meanwhile, in a new survey conducted by Esoko Ghana for the month of June 2020, it emerged that the price of cassava recorded the highest increase among a number of foodstuffs that were tracked by the company. The price of cassava increased by 12.9 percent a bag, hitting 158 cedis.

Prices of imported rice were the second highest after cassava with a 9.90 percent increase selling at 404 cedis per bag.

100 tubers of Pona sold at 892.67 cedis after increasing by 6.65 percent whereas cowpea white also gaining 6.03 percent costing 452.00 cedis per bag.

Gari also recorded an increase of 3.10 percent in price with a bag being sold at 242.14 cedis while the price of groundnut shelled increased by 2.93 percent to close at 582.29 per bag.

The price of Wheat went up by 1.54 percent to close at GHS 304.20 per bag with maize also gaining 0.52 percent to close at GHS 167.14 per bag.

However, the price of tomato plunged by 42.99 percent to close at GHS 532.00 per crate with local rice losing 2.49 percent in prices to close at GHS 336.29 per bag.

Election 2024: We are not in competition with the NDC to name a running mate. – Osei Kyei-Mensah-Bonsu.

News

Parliament passes anti-LGBTQ Bill.

News

Human Right Groups to contest Passed Anti-LGBT Bill in court

News

Anti LGBT Bill: Sam George thank Ghanaians,MP’s after passage.

News

Government cannot sustain economy on T-Bills – Terkepr warns.

News

Government paid over GH¢300m in judgment debts between 2017-2022.

Business

Npp government has outperformed the NDC in every sector-Bawumia.

News

Will Akufo Addo Assent anti-LGBT Bill? – Pressure mounts of President after Parliament’s Passage.

News

Ken Agyapong Wins Round 2….As Supreme Court Throws Out Anas’ Defamation Suit.

News

I have saved Ghana more than GHc10 trillion from judgment debts – Dame.

News

Connect
Newsletter Signup