Audio By Carbonatix
RMG Ghana, an agro-input company, is to invest $10 million in the Cotton industry under a five-year project.
The investment will cover the supply of inputs to farmers, operational costs and marketing.
It is expected to increase the cultivation of cotton in the country from the current 4,000 metric tonnes to 50,000 metric tonnes.
The initiative is part of a strategic partnership agreement between RMG Ghana and Wienco Cotton to make Ghana one of the major producers of cotton in Africa.
Re-launch
Speaking at a relaunch of Wienco Cotton operations in Tamale, the Group Chief Executive Officer of RMG Ghana, Mr Daniel Ruegg, said the event was to rebrand the cotton industry.
He said the investment by his outfit would help ensure expansion of farm sizes, timely availability of production inputs for high productivity and improvement in income levels of cotton farmers.
“We will pre-finance acquisition of all inputs and also sell the cotton on the international market. The white gold of Ghana, as it used to be called, must return to be the game-changer in the country’s economy,” Mr Ruegg added.
Challenges
The Director of Crops at the Ministry of Food and Agriculture (MoFA), Mr Seth Osei-Akoto, said in spite of efforts by successive governments to resuscitate the cotton sector since the beginning of its commercial production in the country in 1968, it encountered numerous challenges, resulting in a decline in its production in the country.
“It has been the government’s wish to revitalise the Ghana cotton industry and I would like to commend Wienco Cotton and RMG Ghana for taking this bold initiative towards revamping the industry,” he said.
According to Mr Osei-Akoto, it was after the launch of the Cotton Sector Revival Strategy in November in 2010, that Wienco Cotton, Armajaro Cotton and Olam Cotton companies emerged in the industry as the chosen investors, but some of them had to pull out of production later because of the challenges.
The minister mentioned some of the bottlenecks to include seed cotton poaching, input diversion, low farmer commitment, ethnic conflicts, inadequate regulation, non-enforcement of zoning and poor extension support.
Mr Osei-Akoto, therefore, urged RMG Ghana and Wienco Cotton to use their rich experiences and the lessons learnt to guide them in their cotton revival mission.
Government support
The minister assured them of the government’s support in the promotion of the cotton sector which, he said, was one of the commodities in the ‘Planting for Export and Rural Development Programme.’
According to him, “the ministry is in talks with the Xinjiang Tianye Group of China to establish Agricultural Industrialisation Parks in the Northern Savannah Ecological Zone (NSEZ) of Ghana for the commercial production of cotton and other crops.
“The Arailius Group of Britain also intends to invest in cotton and textile production, while the China Agricultural Machinery and Engineering Corporation (CAMEC) is to establish mechanisation centres in cotton producing districts to promote smallholder and commercial cotton production,” he added.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Gideon Boako cites IMF report, questions GoldBod over $1.7bn gold programme losses
10 seconds -
‘Stability is not development’ – Gideon Boako invokes IMF report to press gov’t on reforms
7 minutes -
All our passengers survived – STC on Accra–Kumasi highway crash
15 minutes -
Asiedu Nketia claims credit for Supreme Court ruling on political party primaries
20 minutes -
Police promise transparent probe into Wechiau youth leader’s death as chief calls for calm in Upper West
22 minutes -
One-member-one-vote system is practical, we have done it before – Asiedu Nketia
24 minutes -
DVLA to legalise temporary ‘Just Married’, ‘Called to the Bar’ vehicle plates
25 minutes -
I warned NPP its top-down primaries would create factions – Asiedu Nketia
28 minutes -
Fuel leak suspected after Daewoo Matiz catches fire at Suhum
30 minutes -
In Photos: Mahama addresses Jamaican Parliament, highlights shared Ghana-Caribbean history
35 minutes -
Improve public servants’ salaries to reduce bribery – Affail Monney to gov’t
37 minutes -
DVLA to introduce six-month temporary sticker for unregistered imported vehicles
38 minutes -
GNAPS compiles nationwide evidence of alleged BECE results discrepancies for WAEC
39 minutes -
GIGS urges US, Israel and Iran to resume peace talks as conflict fuels global economic strain
39 minutes -
2026 BECE concerns most widespread in years, says Private Schools Association
43 minutes