Ghana Finance Minister, Mr Ken Ofori-Atta, has commended the Jospong Group Of Companies’ decision to invest in the rice production sector.
According to Mr Ken Ofori-Atta, the decision to invest in the rice production sector is an economic boost for Ghana. Ghanaians consume rice on a large scale. The number of imported rice in the country will reduce drastically.
The Jospong Group of Companies’ (JGC) decision to invest in the rice sector has been hailed by many. An initiative to support the government’s vision of ensuring that Ghana becomes a net exporter of rice.
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We will support the decision with various government inter-ministerial financial support in a pragmatic way. A way to encourage more investors to take this position that you have taken. The Finance Minister assured.
Mr Ofori-Atta made the observation when a delegation of investors from Thailand, led by Dr Joseph Siaw Agyepong, and the Honorary Consul of Ghana in Thailand, Dr Sicha Singsomboon, paid a courtesy visit to the Finance Minister.
We shall become exporters of rice and not importers within three years. A commitment that needs the necessary push from the government. He added.
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The collaboration between the Thais and Jespong will ensure Ghana grows and eats homemade rice. The effect of this is that rice prices will be moderate in the market.
Mr Ken Ofori-Atta urged the partners in the Ghana-Thailand rice project to ensure that the collaboration advances production, intensive research, and the knowledge that Thailand brings.
We are resolute and determined to catalyse the operations of businesses such as Jospong Group of Companies to propel the economic transformation and growth of our country,” he underscored.
In the firm view of the finance minister, it was so criminal for Ghana to have so many arable lands, water, and favourable weather conditions, yet continue to import over two billion dollars worth of rice.
Since 2017, we’ve spent over a million dollars importing rice. What’s more embarrassing, is that a country like Ukraine exports about 74 million tons of grains despite the current conflict, and you wonder why Ghana and Africa have fallen asleep. He said.
Dr Siaw Agyepong said venturing into rice production needed skills and the technical knowledge to increase yields. Which calls investors with the right experience and mechanical assets into Ghana.
From the ministry of finance, the Thai delegation called on the Minister of Foreign Affairs and Regional Integration, Ms Shirley Ayorkor Botchwey. The minister’s office assured them of support. Ms Ayorkor was excited to hear the delegation of Thai investors has plans to set up an organic fertiliser plant in Ghana.
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