Skip to main content

Esoko urges gov’t to speed up warehousing project to tackle post-harvest losses


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

Government in 2018 launched the one district, one warehouse project, to provide storage for farm produce.

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 produce.

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

 

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

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 this year said, 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 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 Citi Business News government must show more commitment to meet this need.

He says the 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 for that matter storage facility. When you go to the market now you will realize that a box of tomato that was being sold for between Ghc800 and Ghc1, 000 is now being sold at Ghc200, Ghc300. This is because if they don’t give it at that price, they 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 foodstuff that were tracked by the company. The price of cassava increased by 12.9 percent a bag, hitting 158 cedis.

Prices of imported rice was 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.

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...