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Business News of Tuesday, 19 November 2024

    

Source: Webbers Choice

US$64m grain silo project misplaced – CAB

Chief Executive Officer, Anthony Morrison, CAG Chief Executive Officer, Anthony Morrison, CAG

The Chamber of Agribusiness Ghana (CAG) has expressed concerns over the government’s proposed $64 million grain silo project, questioning its location in the Eastern Region, which is not a major grain-producing area.

CAG recommends focusing investments on irrigation infrastructure, post-harvest facilities, and farmer capacity building to enhance productivity in grain-producing regions such as Bono, Ahafo, Ashanti, Volta, and Upper West.

CAG argues that decentralizing smaller, community-based storage units across key production zones would be more cost-effective and impactful than a single large-scale silo.

It also emphasizes that the silo's proposed location prioritizes crops like fruits and cocoa rather than grains, making it less efficient for the country's maize and rice sectors.

The chamber suggests redirecting funds toward improving irrigation, agricultural research, and public-private partnerships to support farmers and reduce post-harvest losses.

This strategic approach, CAG believes, would better address Ghana's food security needs and strengthen the agricultural sector.

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