Business News of Monday, 18 November 2024
Source: Webbers Choice
The Chamber of Agribusiness Ghana has criticized the government’s $64 million plan to construct a 60,000-tonne grain silo, calling the cost excessive and the proposed location in Kwahu, Eastern Region, unsuitable as it is not a major grain-producing area.
CEO Anthony Morrison suggested reallocating funds to more impactful agricultural priorities, such as farmer support, irrigation, and research.
The Chamber highlighted the agricultural sector's crucial role, contributing 20% of GDP and employing 52% of the workforce, with maize and rice as key crops.
They recommended placing silos in major grain-producing regions like Bono, Ahafo, Ashanti, Volta, and Upper West, advocating for decentralized, community-based storage solutions to reduce post-harvest losses.
They also urged the government to conduct feasibility studies, involve stakeholders, and explore public-private partnerships for better outcomes.