• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Agribusiness

Chamber of Agribusiness Criticizes Government’s Grain Export Ban as ‘Knee-Jerk Reaction’

2 years ago
in Agribusiness, Economy, Features, highlights, Home, home-news, latest News, Markets, Trade
1 min read
0 0
0
62
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Chamber of Agribusiness Criticizes Government’s Grain Export Ban as ‘Knee-Jerk Reaction’

Anthony Kofituo Morrison, Chairman and Chief Executive of the Chamber of Agribusiness Ghana, has sharply criticized the government’s recent decision to impose an export ban on key grains, branding the move as a “knee-jerk reaction” devoid of empirical justification.

Speaking in an interview on Tuesady, Mr Morrison contended that the government’s rationale, rooted in concerns over food security amid a protracted dry spell, is not supported by data.

“The available statistics do not warrant such a drastic measure,” he asserted. “Our national maize consumption stands at approximately 3.2 million metric tonnes, with a deficit of around 900,000 metric tonnes. For rice, the deficit is nearly 1 million metric tonnes against a consumption figure of 1.92 million metric tonnes. Yet, the government’s response has been to curtail exports, which seems more reactive than considered.”

Mr Morrison further highlighted that the ongoing dry spell, while indeed a national security concern, should prompt more strategic engagement with grain traders rather than a blanket ban.

He noted that significant quantities of grain are currently being hoarded in warehouses near the northern borders, suggesting that the government could better manage the situation by collaborating with traders to release these stocks into the domestic market, rather than disrupting trade flows.

The government, through the Minister for Food and Agriculture, Bryan Acheampong, had justified the ban as a necessary step to safeguard food security amid adverse climatic conditions affecting agricultural output across eight regions in the country.

RelatedPosts

Banks Must Put Ethics into the Design of Digital Services – Governor

From Fiscal Discipline to Productive Growth: The Choice Facing Ghana’s 2027 Budget

GH¢54.30m Traded on the GSE, but Losses Hit Both Benchmark Indices

Tags: 'Knee-Jerk Reaction'Chamber of AgribusinessChamber of Agribusiness Criticizes Government's Grain Export Ban as 'Knee-Jerk Reaction'Grain Export Ban
No Result
View All Result

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.