Audio By Carbonatix
Finance Minister Ken Ofori Atta is predicting food shortage in the country if the new coronavirus pandemic persists.
“General shortage in food supply is anticipated if the pandemic intensifies. This could lead to inflation in food prices, especially rice, bread, poultry and other meat products, vegetables, sugar and other commodities,” Mr. Ofori Atta told Parliament in an address on what is being done to keep the economy intact in the light of the virus’ spread.
“Disruptions could limit farmers’ access to inputs, such as seeds, fertilizers and insecticides, uncertainty and fear could negatively impact planting decisions; and also a reduction in the volume of main agricultural exports, as a result of the general downturn in global economic activity due to the pandemic,” he said.
“Though the impact on agriculture may not be severe, since agriculture does not require significant imported intermediate goods, growth could still be a slow-down as a result of disruptions in the supply chain and lower demand activities,” Mr. Ofori Atta added.
Ghana has recorded 5 deaths and more than 150 cases of Covid-19, forcing President Akufo-Addo to direct a lockdown of Greater Accra and Greater Kumasi. Besides essential service providers, everyone is being forced to stay home. On the impact of the situation on food security, Mr. Ofori Atta told MPs “the picture is grim.”
He, however, says the COVID-19 pandemic presents an opportunity to boost domestic production and consumption of some food commodities such as rice, maize, cassava, yam and chicken.
He said the plan is for Ghana to use the opportunity to increase the production and export of commodities for which the country has comparative advantage into trade within the West African region.
Latest Stories
-
No journalist must be harassed – Gov’t promises media protection, warns against threats to press freedom
3 minutes -
Indigenous innovators power Ghana’s growth with UNDP support
24 minutes -
Governor Asiama advocates right conditions to propel Africa’s financial services
28 minutes -
Ghana to pilot Africa’s continental digital trade corridor – Opoku-Agyemang announces
37 minutes -
Ivory Coast dissolves electoral commission after criticism
51 minutes -
Gold gains as dollar weakens; investors focus on US-Iran peace deal prospects
1 hour -
Do not spend public trust for headlines – Felix Kwakye Ofosu fires warning to media
1 hour -
Disinformation is a national security threat – Felix Kwakye Ofosu concerned over fake news
1 hour -
Former AG Dame teases bigger political role as NPP eyes 2028 comeback
2 hours -
‘We had people come just to see it’: Amazon delivers its first UK parcels by drone
2 hours -
French professor investigated for awarding himself fake prize
2 hours -
Former OpenAI board member says Elon Musk offered her sperm donations
2 hours -
German tourist wins payout after losing sun lounger race
2 hours -
Iran considering US proposal to end war, official says
3 hours -
Injury row, yacht trip & petition – what’s going on with Mbappe?
4 hours