Business
Farmers start harvesting from cashew seedlings after 3 years
Farmers at Nkwanta South of the Oti Region who received the cashew seedlings some three years ago have started harvesting to make profits.
With cashew nut gradually becoming a major cash-crop in Ghana, the government in 2017 intensified the efforts to improve the production in the years ahead.
Among this effort was the launch a policy for Rural Development and Income Generation, under the National Tree Crop programme dubbed ‘Planting for Export and Rural Development’.
During a visit to some cashew farms, Adom News observed the positive impact since the launch of the programme has coaxed other prospects to venture in its cultivation.
Over 2,500 farmers have received 480,000 cashew seedlings from the government since the launch of the programme in 2018 at Nkwanta South.
Speaking to Adom News, Jonas Genyige, a farmer, expressed his delight in the positive growth of the cashew production after less than three years through the government’s initiative.
According to him, this initiative has helped him generate more income and improved his life significantly.
However, the Municipal Chief Executive Officer for Nkwanta South, Bright Kwame Lenwah, has urged the youth to engage in cashew cultivation and other farming activities to enhance their livelihood.
Awudu Mubakar, the municipal Agriculture Director, also advised the farmers to take good care of the seedlings to augment the government’s initiative.
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The National Petroleum Authority (NPA) has revealed that Ghana currently has a one-month supply of crude oil in storage capacity.
The Authority, however, is assuring the populace that there is no cause for alarm as they have the product available for the consuming public.
The admission follows Bloomberg’s prediction that Ghana faces a looming fuel shortage as the central bank rations dollars after oil prices surged following Russia’s invasion of Ukraine.
The monthly fuel import bill for Ghana jumped to $450 million in May, from $250 million in January.
The Central Bank is only offering about $100 million a month at its foreign exchange auctions making dollars difficult for the oil marketing companies to come by.
But the Director of Communications at the NPA, Kudus Mohammed, tells JoyNews in an interview that the situation is under control.
“We don’t have to grant permission to an unnecessary number of vessels that might bring the product so that you will be finding it difficult as to where to put them. So there is a certain regular timetable that guarantees who brings what at what time and the Planning Department is able to gauge at a particular time, what is the need of the consuming public, what is available across the country and who should actually be granted a permit.
“Diesel particularly is becoming a very scarce commodity in the market. So what is primarily important is the access of it and the regular amount which is supposed to be available to the consuming public as and when they will want it,” he told host George Wiafe.
Source link
The National Petroleum Authority (NPA) has revealed that Ghana currently has a one-month supply of crude oil in storage capacity.
The Authority, however, is assuring the populace that there is no cause for alarm as they have the product available for the consuming public.
The admission follows Bloomberg’s prediction that Ghana faces a looming fuel shortage as the central bank rations dollars after oil prices surged following Russia’s invasion of Ukraine.
The monthly fuel import bill for Ghana jumped to $450 million in May, from $250 million in January.
The Central Bank is only offering about $100 million a month at its foreign exchange auctions making dollars difficult for the oil marketing companies to come by.
But the Director of Communications at the NPA, Kudus Mohammed, tells JoyNews in an interview that the situation is under control.
“We don’t have to grant permission to an unnecessary number of vessels that might bring the product so that you will be finding it difficult as to where to put them. So there is a certain regular timetable that guarantees who brings what at what time and the Planning Department is able to gauge at a particular time, what is the need of the consuming public, what is available across the country and who should actually be granted a permit.
“Diesel particularly is becoming a very scarce commodity in the market. So what is primarily important is the access of it and the regular amount which is supposed to be available to the consuming public as and when they will want it,” he told host George Wiafe.
Source link
The National Petroleum Authority (NPA) has revealed that Ghana currently has a one-month supply of crude oil in storage capacity.
The Authority, however, is assuring the populace that there is no cause for alarm as they have the product available for the consuming public.
The admission follows Bloomberg’s prediction that Ghana faces a looming fuel shortage as the central bank rations dollars after oil prices surged following Russia’s invasion of Ukraine.
The monthly fuel import bill for Ghana jumped to $450 million in May, from $250 million in January.
The Central Bank is only offering about $100 million a month at its foreign exchange auctions making dollars difficult for the oil marketing companies to come by.
But the Director of Communications at the NPA, Kudus Mohammed, tells JoyNews in an interview that the situation is under control.
“We don’t have to grant permission to an unnecessary number of vessels that might bring the product so that you will be finding it difficult as to where to put them. So there is a certain regular timetable that guarantees who brings what at what time and the Planning Department is able to gauge at a particular time, what is the need of the consuming public, what is available across the country and who should actually be granted a permit.
“Diesel particularly is becoming a very scarce commodity in the market. So what is primarily important is the access of it and the regular amount which is supposed to be available to the consuming public as and when they will want it,” he told host George Wiafe.
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