Audio By Carbonatix
Government has restored levies and duties which were removed on the importation of rice and other poultry products in May 2008 ostensibly to cushion Ghanaians on the impact of global food crisis.
The Minister of Finance and Economic Planning Dr. Kwabena Duffuor revealed this during his presentation of the “2010 Budget Statement” on the Floor of Parliament on Wednesday.
According to him, the removal of the levies “opened up the flood gate for dumping of foreign food items in the country,” which made domestic production of fish, chicken and rice largely uncompetitive.
The levies which will be re-imposed from January 2010 are part of a larger framework by government to modernize the agricultural sector which he said can change the face of Ghana’s development.
“Government will also promote large scale public-private commercial farming; provide agriculture machinery and equipment and enhance their distribution; and provide resources to rehabilitate irrigation schemes, particularly Tono and Vea Irrigation Schemes and breached dams,” he pledged.
On interventions to the rice and poultry industries, the Minister mentioned among other things, “inadequate machinery and equipment;
inadequate chemical and fertilizers; and high cost of production attributable mainly to high interest rates charged by commercial banks” as some of the major challenges facing the industries saying the government will put in place the appropriate interventions to rescue the industry from continued relapse.
“Government will also assist poultry farmers to acquire equipment, chicken feed, chemicals, and other inputs to enable them undertake large scale chicken production in the country.” he said
On the cocoa industry, Dr Duffuor said government has set itself a target of producing 1,000,000 metric tons of cocoa before in 2012.
In line with that “Government has directed that bonuses totalling GH¢50 million for the 2008/2009 main crop season be paid in two instalments to the farmers: 50% in November 2009 and the remaining 50% in April-May 2010. Government in October also provided seed money of GH¢15 million for the establishment of the Cocoa Farmers Social Security Fund.
He took a swipe at the NPP for allowing a cocoa processing initiative- CALF cocoa, which would otherwise have employed hundreds of Ghanaians to “rot”, saying “it is our determination to support this and other such worthy initiatives to take off and contribute to the economic growth of the country.
Immediately after the Finance Minister ended his delivery the MP’s brandished placards with different inscriptions to either support or impugn the government’s financial statement for 2010.
The minority wielded placards such as “Team B Budget”, “Eeeko Nyaa Budget” whilst those in the majority in unison showed “Budget of Growth of Stability” amidst songs of praise for the government.
Story by Nathan Gadugah/Myjoyonline.com/Ghana
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.
Tags:
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
-
Play House: DJ Mensah launches state-of-the-art recording studio in Accra
3 minutes -
Education Minister calls on WAEC to review its mode of transporting examination materials
5 minutes -
Asantehene honours Angela List
13 minutes -
Fate of OSP, future of anti-corruption mandate
15 minutes -
Auto Bridge Ghana enters market to simplify vehicle importation and sales
40 minutes -
Greater Accra Minister satisfied with BECE conduct after monitoring centres
41 minutes -
Ghana’s future rests in your hands – Minority caucus to BECE candidates
54 minutes -
Ghana’s Appointment Addiction: Why the State cannot function when everything depends on who won the election
1 hour -
GJA-Central urges journalists to uphold sacrifice, accountability amid press freedom threatsÂ
1 hour -
Fisheries Minister calls for data upgrade to boost fisheries economy
1 hour -
Condom use remains key to HIV prevention in Ghana – AIDS Commission
2 hours -
OMJ Foundation boosts BECE prospects in Akuapem South with transformative intervention project
2 hours -
Central banking: Safeguarding Ghana – not chasing profit
2 hours -
Silent Strategist: IGP Yohuno’s performance comes as no surprise
2 hours -
Trump says US to ‘guide’ stranded ships through Strait of Hormuz
2 hours