Skip to main content
GAPNEWS


I eat local rice with my wife – Akufo-Addo

President Akufo-Addo


President Nana Addo Dankwa Akufo-Addo has urged Ghanaians to patronise locally-grown rice during his speech at the 35th edition of the National Farmers’ Day.

At the event which was held in the Volta Regional capital, Ho, under the theme: ‘Enhancing Small-Scale Agriculture towards Agribusiness Development,” President Akufo-Addo lauded farmers for their hard work and dedication to agriculture.

Ghanais spending huge sums of money on rice being imported into the country, hence, the need to eat locally-grown rice to boost the agricultural sector financially.

“We must eat what we grow to motivate our farmers to support development. Indeed! Rebecca, my beautiful wife insists we eat local rice at home. I call on all Ghanaians to follow my example and eat local rice,” he urged Ghanaians.
“Let me assure all and sundry that government will support agriculture to make the sector one of the driving forces of transforming the economy. Our efforts are being recognised at the international level through interests being shown by foreign investors,” he noted.

Comments

Popular posts from this blog

GAPNEWS Inflation rate for May drops to 9.4% Inflation rate for May 2019 recorded a marginal reduction to 9.4 per cent down by 0.1 percentage point from the 9.5 per cent recorded in April 2019. Deputy Government Statistician, David Kombat has been explaining to the media in Accra that the rate recorded was highly influenced by the declining rate of food inflation in the measuring basket. "We have seen a slight decline in food prices especially vegetables as a result of the weather patterns. This usually happens when we're entering into the raining season and commodity prices begin to experience some dips but this is also accompanied by some reductions in certain components of the non-food items" he said. Upper West recorded the highest general inflation of 11.1 per cent whiles Ashanti the highest rate in food inflation. "The food and non-alcoholic beverage group recorded 7.3 per cent, a reduction of 1.1 per cent point lower than the rate recorded in April ...
GAPNEWS Ghana moves to capture US$2.4bn China soya market. The hefty tariff on soybeans from the United States has caused a 17 percent import decrease of the produce into China in February 2019, being the lowest level recorded since 2015, General Administration of Customs – Chinese statistical agency, has revealed. In 2017, U.S. soybean exports to China reached a volume of US$14.573 billion. Currently, the United States is the world’s largest soybean producer and second largest exporter, after Brazil. On the other hand, China is the world’s largest importer of soybeans – imported 91 million tonnes in 2018 market year as against 94 million tones the previous year. This suggests that the trade war between the two largest economies has created the opportunity for more than US$2.4 billion market share of soybeans that countries producing it can compete. Although, imports of soybean to China has reduced by 17 percent, this does not mean that consumption has reduced in similar terms...
Implications of Microfinance for Efficient Finance Systems in Ghana. BY ATTA GEORGE PEPRAH Most Microfinance (MFIs) in Ghana are deposit-taking institutions. However, deposit-taking is not without risk. MFIs must be able to lend profitably enough to pay for and protect the deposits they mobilize. They must also be able to cope with temporary downturns when these arise. Failure to do so can quickly harm financial stability and deprive small depositors of their deposits. For this reason, Ghana has subjected their banking sectors including the MFIs to prudential regulation. There are several players in the microfinance sub-sector. Rural and Community Banks (RCBs) constitute the largest players in the rural formal banking sector. RCBs are unit banks owned by community members and stand out as the largest financial players in terms of geographical coverage According to ARB Apex Bank (2013) as at 2013 there were 143 RCBs with 546 branches across the country with more than 1.2 mill...