Bussiness
Ghana spends $1b on importation of rice in three years – Minister
Ghana spent an estimated total of GH¢6.874 billion on the importation of rice from 2017 to 2020.
In addition, the country also imported the following food products from 2017 to 2020: They include Fish – GH¢3.993 billion, Chicken (processed) GH¢1.881 billion, Meat – GH¢487 million, Vegetables GH¢281 and Poultry GH¢184 million.
Mr Alan Kyerematen, Minister for Trade and Industry made the disclosure when he appeared before Parliament to respond to a question by Mr Murtala Muhammed Ibrahim, Member of Parliament (MP) for Tamale Central how much the state spent on the importation of rice and other foodstuffs into the country in the past four years.
Mr Kyerematen also acknowledge from the figures provided that the country was spending close to $1 billion on the importation of food items.
Responding to a question whether the government has lifted a ban on small rice importers, Mr Kyerematen stated that rice was a staple food in the country and one had to maintain a delicate balance between the quantity of rice produced locally at any point in time and what was important was to ensure that there were no serious shortages.
He said the Ministry of Trade and Industry, and the Ministry of Food and Agriculture continue to monitor the production of rice, and at the appropriate time when the volumes of local rice increase significantly the government would be able to restrict the importation of rice.
Mr Kyerematen also maintained that the government has not lifted any ban imposed on the small rice importers but the Ministry has a management policy to ensure that there were no shortages in the system.
He noted that as and when there is significant local rice production in the country the Ministry would be able to determine at that point what decision to take in respect of the ban.
Source: -GNA
Bussiness
Global Market Volatility: Gov’t absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol
Effective Thursday, April 16, 2026, which is the next pricing window, the Government will absorb GH¢2.00 per litre on diesel and GH¢ 0.36 per litre on petrol.
This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.
The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana.
This temporary intervention will remain in force for a period of one (1) month.
During this period government will continue to closely monitor developments in the global oil market and assess the need for further policy adjustments.
A statement signed by Minister of Government Communications, Felix Ofosu Kwakye noted that they remain commited to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks.
Ghana’s gold and minerals sector is set for a major spotlight as Meetings. Co, in partnership with key industry stakeholders, announces the Mining & Minerals Convention 2025, scheduled from August 26-27, 2025, at the Kempinski Hotel Gold Coast City, Accra.
Held under the theme “Shaping the Future of Ghana’s Gold Industry,”‘ the Convention will convene government leaders, regulators, miners, refiners, investors, sustainability partners, innovators, and responsible mining, and global competitiveness,policy experts to explore strategies that position Ghana’s gold industry for long-term growth.
The two-day convention will feature presidential and ministerial keynote addresses, industry thought leadership, technical paper presentations, policy dialogues, fireside chats, exhibitions, and high-level networking sessions.
Convention delegates can anticipate a dynamic and insightful experience, marked by thought leadership from leading policymakers and regulators, in-depth discussions on key topics such as sustainability, ESG, digital gold, and responsible sourcing, as well as valuable opportunities to forge public-private partnerships and investment deals.
Moreover, the event will offer practical action points aimed at unlocking greater economic value for Ghana.
The 2025 edition will be supported by a strong coalition of strategic partners, including the Ministry of Lands and Natural Resources, the Minerals Commission, GoldBod, the Minerals Income and Investment Fund (MIIF), and the Ghana Extractive Industries Transparency Initiative (GHEITI).
