Skip to main content

Introduce hybrid seeds to improve yields — Dr Abu Sakara


 A former presidential aspirant, Dr. Abu Sakara Foster, has urged the government to introduce more hybrid soyabean seed varieties into the country.

He said this would help increase the yields of farmers, as the hybrid seeds have the ability to produce at least 3.5 tonnes more than the normal seeds.

This, he said would also help the farmers deal with the issue of uncompetitive pricing in the industry, since the farmers would get more produce to make up for the high cost of production. .Reacting to the smuggling of soya beans and the shortages created as a result, Dr. Sakara, who is also an agriculturalist and chairman of SAKFOS Holdings Limited, said the target should be how the county can produce soyabean more profitably.

Sale to foreigners

There is an issue to the effect that some farmer in the country are selling their produce to foreigners. While some cite the good price offered, others are of the view that, some middlemen who are Ghanaians are leading that charge because of the commission they earn.

If the prices that are being offered to the farmers locally are profitable compared to the ones that the foreigners come into buy why would they sell them to them?

“If the yields are that compressed by now we should be talking about hybrid that can get us to 3.5 tonnes per hectare especially when we're importing so much higher soybean which is costing so much more than what we have.”

After producing it from the northern belt, you have to transport it down to the southern belt. So, you look at the computation of the cost structure and say how can I intervene in such a way that price at the market will be competitive and it will stay here. Those are the things that policy should do,” he said on Accra based Joy FM on June 2, 2022.

In an earlier interview, the Minister of Food and Agriculture, Dr Owusu Afriyie Akoto said an inter-ministerial committee has been set up to ensure that people do not smuggle soyabeans to other countries.

However, Dr. Sakara said all those interventions come down to competitiveness of the price in the market place which begins from the potential of the variety.

Those are the interventions that when you take you don't have to chase anybody. They'll bring themselves. But if you go to the issue of corralling people there is a limit to how effective that can be,” he said.

Mechanisation

According to Dr. Sakara, mechanisation offered a great intervention to make soyabean producers more competitive, yet, one of the big areas in producing the crop, threshing, had not been mechanised and was still labour intensive.

He called for increased investment in agricultural mechanisation to improve the production of soyabean in the country.

If we can introduce small scale machinery that eases the demand for labour at harvesting and also threshing, and then if you want to really incentivise people which is always more effective than punishments, let's look at the energy production because energy is a key factor,” he said.

To him, the cost of energy has a pervasive impact –from production to transportation to processing, yet everything is subsidise but energy.

That is really where those countries who have a competitive advantage look at. The tax on diesel is up to 60 per cent. So, why do you want to tax somebody who's going to produce something that will reduce your foreign exchange?

“Cut it by half. Let's give it a rebate of 30 per cent and that makes him more competitive,” he said.

Comments

Popular posts from this blog

MTN Ghana & MTN MoMo CEOs win laurels at Ghana CEO Awards

  The Chief Executive Officer of MTN Ghana, Selorm Adadevoh ,   has been adjudged  CEO of the Year  –  Telecom  at the  2 nd  edition of the  Ghana CEO  Vision  and  Awards   held  in Accra. At the same event, the CEO of Mobile Money Limited (MTN MoMo), Shaibu Haruna was also adjudged CEO of the Year – FinTech Service Provider. Selorm  Adadevoh’s award  is in recognition  of  his   achievements   in the areas of   sustainability, leadership excellence, innovation and others  in the telecoms space  which  has contributed to  job creation to support the  growth of Ghana’s economy. Patrick Afari (r), General Manager, Supply Chain Management and General Services receiving CEO of the Year – Telecom Award on behalf of Selorm Adadevoh Receiving the award on behalf of Selorm, Patrick Afari, General Manager, Supply Chain Management and General Services ,  expressed appreciation to the organizers for the award. He  noted that  th e  award will go a long way to inspire MTN to do more for Ghanaian

EB-ACCION DISBURSES US$15 MILLION

By Fred SARPONG Ecobank-Accion (EB-Accion), a partnership between Ecobank Ghana Limited and Accion International has disbursed amount to the tune of $15 million to over 36,000 borrowers in Micro, Small and Medium Enterprises (MSMEs) sector in the country, since the institution was set up barely six months ago. Frances Adu-Mantey, the Managing Director of EB-Accion disclosed this to Business Week in Accra last week during the official opening of Accion Hub headquarters in Africa. The institution’s current portfolio stands at GH¢4 million. She stated that currently, EB-Accion have over 6100 customers who save with them throughout the four branches of the institution. According to her, in order to improve the services of the institution, Ecobank Share Services center will facilitate the technology aspect of the bank by networking all the branches of EB-Accion. Maria Otero, President and Chief Executive Officer of Accion International said that the center’s staff in Accra will provide supp

Amantin & Kasei Community Bank posts impressive growth, with over GH¢1m profit

 Amantin and Kasei Community Bank, at Amantin in the Bono East Region has posted impressive growth in all the performance indicators during 2022 financial year under review. The bank recorded profit after tax of GH¢1,055,662, representing 35.66% more over the 2021 figure of GH¢778.151. This achievement stemmed out of 49.24% gross income growth from GH¢8,143,526 to GH¢12,153,537. Total deposits of the bank went up by 36.20%, changing from GH¢50,959,848 in 2021 to GH¢69,405,591 in 2022. The bank increased loans and advances by 22.15% from GH¢14,128,017 to GH¢17,257,614. Total assets showed an appreciation of 29.32%, amounting to GH¢77,918,288 as against GH¢60,250,693 in the previous year. On the other hand, the bank posted a marginal increase in short term investments portfolio from GH¢24,439,761 to GH¢26,585,698, indicating 8.78% change. The Chairman of Board of Directors, Amantin and Kasei Community Bank, Dr. John Oduro-Boateng, disclosed this during the 18th annual general meeting of