The Ministry of Trade and Industry has extended a ban on exportation of soya bean and other grains such as maize, and rice for the next six-months.
This comes after a JoyNews Hotline Documentary titled “THE BROKEN CHAIN” which shed light on the soya bean value chain, the challenges therein and impact on the poultry industry.
The one-hour documentary produced by Prince Appiah revealed more than 80 percent of soya bean processing factories have shut down because of non-available raw materials.
Some poultry farmers have also sold their birds to be able to stay afloat in the business.
The Ghana National Poultry Farmers Association, for instance, has had to release new prices of egg, with 30 percent increase after the Ramadan fasting.
The letter dated April 13, 2022 by the Ministry of Trade and Industry copied to the Ministry of Food and Agriculture, Ministry of Finance, Ministry of Interior and the Ministry of Defence, puts a temporary ban on the exportation of the crop together with maize and rice.
It directs the relevant agencies and units under their supervision to support the implementation of the directive.
These crops are currently in short supply in the country impacting the various value chain drivers and industry.
Chairman of the Soya Value Chain Association of Ghana, Thomas Wabi Bello, says though they acknowledge the suspension, they believe more needs to be done.
“We acknowledge the suspension of the exportation of the soya for six-months, but it is not good enough because the Indians and other nationals will not stop buying. If they know it is six months and they can buy and hoard and wait for six-months and export, the problem will persist,” he said.
The Association has therefore suggested a two-year ban.
“We suggest there is a long-term suspension for at least two years. That will deter anyone going to buy from hoarding and exporting.
“We thank the President for his efforts but we need more; at least a two-year ban”.
Mr. Bello says in the future, these foreigners should be banned from going straight to the farms.
“If they want to buy, they should go to the Ghana Exchange Commodities and buy from them. We need to have a proper syndication for buying these beans for stocking and export, it is very important,” he stated.
Latest Stories
-
Can RFK Jr make America’s diet healthy again?
1 min -
Maiden Women in Chemical Sciences conference opens with a call for empowerment
2 hours -
We’ll reclaim all Groupe Nduom stolen assets – Nduom declares
2 hours -
Center for Learning and Childhood Development Director Dr Kwame Sakyi honoured at Ghana Philanthropy Awards
11 hours -
Asantehene receives 28 looted artefacts
12 hours -
CAF WCL 2024: Ghana’s Thelma Baffour wins title with TP Mazembe
13 hours -
Benjamin Boakye slams politicisation of energy sector issues and ECG’s inefficiencies
13 hours -
Erastus Asare Donkor and Dr Neta Parsram win big at 10th Mining Industry Awards
13 hours -
Government is “suppressing information” about power sector challenges – IES Director
14 hours -
Majority of our debts caused by forex shortfall – ECG Boss
14 hours -
Pan-African Savings and Loans supports Ghana Blind Union with boreholes
14 hours -
Bole-Bamboi MP Yussif Sulemana donates to artisans and Bole SHS
15 hours -
Top up your credit to avoid potential disruption – ECG to Nuri meter customers
15 hours -
Dutch & Co wins 2024 Entrepreneur of the Year Award
15 hours -
We’ll cut down imports and boost consumption of local rice and other products – Mahama
17 hours