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Agric Ministry dismisses claims Ghana imported raw cassava from China in 2019

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The Ministry of Food and Agriculture has dismissed claims that Ghana imported raw cassava from China in 2019.

This follows claims by the Member of Parliament (MP) for Asunafo South, Eric Opoku, that Ghana imported cassava from China in 2019.

According to a statement issued by the Ministry, the claim by the MP is not true, and as such, he failed to quote the source which forms the basis of his arguments.

 “The Ministry wishes to state emphatically that the claim by our MP is not true. First, Eric Opoku failed to quote the source which forms the basis of his claims. Secondly, to openly deceive the people of Ghana, he gave the clear impression that the ‘cassava imports’ he referred to was freshly harvested raw cassava crop”.

The press release also provided data stating “empirical data from various sources, including the Ghana Statistical Service, the Ghana Revenue Authority, among other organisations, specifically refer it to be processed industrial cassava, such as starch, gari, cassava flour, tapioca, and others.”

“In fact, Ghana is a net exporter of cassava products. The value of exports of processed cassava in 2019 was of ₵13.7 million compared to ₵ 2.5 million of imports. In the same vein, in 2020, processed cassava export was GH ₵ 10.8 million compared to ₵1.5 million of import. Total production of cassava in Ghana in 2019 was 19.4 million metric tonnes”, it said.

It further pointed out that the Plant Protection and Regulatory Services Directorates of the Ministry of Food and Agriculture, which is the agency responsible for issuing permit for importation of agriculture produce, did not issue any permit for the importation of cassava into Ghana.

The statement indicated that Eric Opoku’s comment is an effort to disrepute government’s flagship programme, Planting for Food and Jobs.

“The Member of Parliament, in his attempts to discredit this government’s desirable record in agriculture, failed to avert his mind to the fact that some of the derivatives from cassava used for other purposes, including manufacturing of drugs, textiles, amongst others, are not manufactured locally and therefore must be imported. Is this what Eric Opoku termed as importation? Then we can as well say that Ghana imports cocoa because there are several cocoa products that are imported into the country,” it added.

It concluded that the country has since the rollout of the flagship, Planting for Food and Jobs programme in 2017, been touted as the breadbasket of West Africa.



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BoG increases policy rate by 200 basis points to 19%, cost of credit to go up

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The Monetary Policy Committee of the Bank of Ghana has for the second consecutive time increased the Policy Rate – the rate at which it lends to commercial banks by 200 basis points to 19%.

This was announced by the Governor, Dr. Ernest Addison.  

The increase in the Central Bank’s monetary policy rate means cost of borrowing is expected to go up at least for the next two and half months.

Prior to the announcement of the Policy Rate, the Central Bank has indicated its intention to tame inflation in order to bring interest rates down and consequently lending rate.

The Governor said the rising inflation is a surprise to his team, but will take a major decision to address the issue.

“It’s an issue which in a sense is baffling to all of us. A year ago, inflation in Ghana was near single digit, particularly we were at 7.5% and then we find ourselves a year later in high double digits. It’s a very complicated environment, as you yourself you are aware we have come out of COVID-19. But Ghana fortunately was able to weather the impact of COVD well without recording high interest rates.”



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MozzartBet Ghana presents new Nissan Kicks car to winner of “Hit the Highest Odd Promotion”

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Leading online sports betting company, MozzartBet Ghana has presented a brand new Nissan Kicks to Mr. James Appiah for emerging as the winner of the 1st  edition of the “Hit the Highest Odds” Promotion.

The promo, which started in April and ended in May was introduced to award customers of the betting company that staked bet and win.

Customers of the company over the four week period won prizes including  iPhone 13 pro and Headsets.

At the most recent event held at the Accra Mall, Mr. James Appiah was adjudged the winner amongst the finalists.

He came all the way from Berekum in the Bono Region of Ghana to the Accra Mall in the Greater Accra region where he was presented with the new luxurious car.

According to the Country Manager, Nebojsa Marinko, the company is considering to continue with such initiatives.

He added that, the company is willing to give back to the society and will engage other stake holders in various sectors to embark on such initiatives.

“It is not about just betting but about supporting people, we will do more of such in Ghana to ensure that our customers are happy with what we are doing here in Ghana. We will support other areas too” He said

He further stated that, the company will continue to operate in Ghana due to their experience in the country. He urged people to take advantage of such opportunities to win more prizes in the company’s subsequent promotion.

“We want people to responsibly vote and take chances like this, I believe it will help,” he said.

Mr. James Appiah, the winner,  stated that, he was elated—encouraging Ghanaians to take part of such promotions.

“I least expected this when we started but after winning the iPhone 13 earlier, I realised that I could win the Nissan Kicks. I’m really happy and will make good use of this car”, he stated.



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Outstanding businesses, corporate leaders awarded at Ghana West Africa Business Excellence Awards

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Some outstanding businesses and corporate leaders have been awarded at the 2022 Ghana West Africa Business Excellence Awards.

Among the winners at this year’s event were Daniel Sackey, Managing Director of Ecobank Ghana Limited (Outstanding CEO – Banking), Emirates Airline (Outstanding airline company of the year), Bui Power Authority (Industry Leadership award in the power sector), Starlife Assurance (Outstanding Life Insurance Company) and The Little Cow Consulting Limited (Outstanding Marketing Company).

They were celebrated and applauded for making tremendous contributions to the business ecosystem in Ghana and West Africa.

Outstanding businesses, corporate leaders awarded at Ghana West Africa Business Excellence Awards

The Ghana – West Africa Business Excellence Awards provided a platform to recognise individuals and companies that create a friendly atmosphere to welcome investors and/or play a significant role in developing various sectors in Ghana and West Africa.

The awards also recognised the industry’s merits and set a benchmark for excellence, whilst rewarding innovative ideas that have pushed the boundaries of what is possible.

It recognised excellence in industries, sectors and individual/personality excellence.

Outstanding businesses, corporate leaders awarded at Ghana West Africa Business Excellence Awards

The 2022 Ghana-West Africa Business Excellence Awards was hosted by the Ghana-West Africa Business Excellence Awards and is endorsed by the West Africa Chamber of Commerce and Industry and Strategic Accountancy Africa.

Emirates, Little Cow Consulting Limited, Ghacem, Bui Power Authority were some of the institutional award winners.

Outstanding businesses, corporate leaders awarded at Ghana West Africa Business Excellence Awards

Emirates

Emirates is the world’s largest international airline helping to connect Dubai to the world and the world to Dubai.

In 2021, the airline rebuilt its global network and today operates to more than 130  destinations on over 140 Boeing 777s and more than 60 A380s.

Little Consulting

The Little Cow Consulting Limited is an international full-service strategy and marketing company.

With offices in Ghana and Rwanda, TLC supports indigenous African and global organisations in Africa to optimise their value creation potential with unconventional, high-quality, end-to-end solutions.

Ghacem

Ghacem was founded by the Government of Ghana in collaboration with Norcem (now Scancem) of Norway on 30th August 1967 under the guidance of the late Dr J. A Addison.

It was established with high hopes of a prosperous industrial future. Presently, it has two factories in both Tema and Takoradi.

Ghacem has paid over ¢1trillion to date in taxes to the Ghana government since its inception. Its dividend payment to the government of Ghana is also over ¢25 million

Bui Power Authority

Bui Power Authority (BPA) also commenced operations of the Bui Generating Station in 2013 following the authority’s establishment by an Act of Parliament, BPA Act 740, 2007.

Its mandate was amended by the Bui Power Authority (Amendment) Act 1046, 2020, to include key responsibilities of Ghana’s Renewable Energy Authority. BPA has since led Ghana’s Renewable Energy charge, earning itself the mantra “Renewable Energy Leaders”. BPA has so far achieved the following feat.

Ghana Union Assurance

Ghana Union Assurance started as the Insurance Division of UAC (now Unilever) during the Gold Coast days when Northern Assurance Company of Britain appointed UAC as its chief agent to offer all classes of insurance.

In 1962 it ceded its life business to the Crusader Insurance Company. It became a Ghanaian owned company in 1992 when Commercial Union Assurance Company of the United Kingdom sold its interest to existing shareholders.



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