Audio By Carbonatix
The Ministry of Food and Agriculture (MoFA) has reached an agreement with ABC Oyeasase Yie Ltd to establish a $50 million organic fertiliser blending facility in the Eastern Region.
The facility is expected to increase domestic production of organic fertiliser, improve soil health and support the implementation of the government’s Feed Ghana Programme.
The agreement, formalised through a Memorandum of Understanding (MoU) signed in Accra on Thursday, is also expected to create employment opportunities and promote sustainable agricultural practices.
Dr Eric Opoku, the Minister for Food and Agriculture, said organic fertiliser had significant benefits for food production and soil health.
“Agriculture is shifting towards that direction because the food we produce is meant for consumption. And even before production, we need to protect the health of the soil,” he said.
Dr Opoku said the use of organic fertiliser could help protect soil health and improve its productivity to maximise crop yields.
He said the Ministry would also prepare to procure some of the company’s products to support the implementation of the Feed Ghana Programme once production commenced.
The Minister urged ABC Oyeasase Yie Ltd to ensure that activities on the ground progressed in line with the agreement.
Mr Samuel Adimado, the Director of ABC Oyeasase Yie Ltd, said the investment was intended to contribute to efforts to increase food production while promoting sustainable soil management.
He said the company had put arrangements in place to commence the project and was engaging the Ministry to ensure that the investment moved beyond the signing of the agreement to actual implementation.
Mr Adimado said the organic-based fertiliser would provide essential nutrients to crops while improving soil structure and its water-holding capacity, thereby supporting improved crop yields.
“The fertiliser would be suitable for both conventional and organic farmers, providing an additional option to farmers seeking to improve soil productivity,” he said.
He said the product was designed to enhance soil structure and water retention while creating a favourable microclimate for healthy plant growth.
The project forms part of efforts to deepen collaboration between the public and private sectors to support Ghana’s agricultural transformation and strengthen domestic agricultural input production.
Latest Stories
-
COCOBOD asks investors to fund cocoa purchases, but proceeds may also repay old debt
7 minutes -
Gov’t hands over site for construction of 160-bed Savannah Regional Hospital
14 minutes -
NCPTA clarifies GH¢200 cap on PTA dues and levies per parent
18 minutes -
Asante Kotoko part ways with coach Eric Tinkler
19 minutes -
GTA calls for ultra-modern Cocoa Museum in Western North
23 minutes -
NPP says concerns over delegates’ register addressed ahead of October 3 polls
23 minutes -
PwC Ghana appoints George Arhin as Country Senior Partner
27 minutes -
New Economy will turn imports into opportunities for Ghanaian production – Ato Forson
28 minutes -
Two Ada SHS students convicted, placed on 12-month good behaviour bond
32 minutes -
Samson’s Take: Verify the badge – and verify the story
32 minutes -
Treasury bill demand rebounds as investors submit GH¢3.66bn in bids
36 minutes -
Listing 10 SOEs will strengthen governance, limit political interference – Mahama
40 minutes -
Mahama announces 1,200MW state-owned gas power plant deal by end of 2026
41 minutes -
COCOBOD sets up Cocoa Capital PLC to raise GH¢16.3bn for cocoa sector
41 minutes -
Former NPP MMDCEs from Akufo-Addo era demand terminal benefits
45 minutes