Pink 96.9 fm your life, your music
Jospong Group of Companies (JGC) has teamed up with prominent rice industry stakeholders in Thailand to establish an integrated rice farming initiative in Ghana.
Ghana imports more than 60% of the rice the country consumes, which has disastrous economic implications. For instance the country’s rice expenses rose from $151 million to $1.2 billion between 2007 and 2015. Currently, the country spends $1.3 billion dollars on rice imports. The Finance Minister said in the 2023 budget presentation that government seeks to promote exports in the coming years through Import Substitution. This would encourage the consumption of locally produced rice, poultry, vegetable oil, etc.
Jospong Group signed a Memorandum of Understanding (MoU) with key industry players in Thailand. Executive Chairman of Jospong Group of Companies; Dr Joseph Siaw Agyepong and some team members went to Thailand (one of the leading producers of rice) to understudy their rice sector to replicate their experiences and strategies in Ghana. These include seed development and research centres, rice mechanisation centres, rice mills, bio-organic fertilizers production centres and farm implements supply.
These technical team members arrive in Ghana in batches beginning in December. Ghana can produce a substantial quantity of food to even export if private industries get involved in local production. The country’s economy will therefore improve.
Story By: pinkfmonlinegh.com