Ghana Trade - Official SME Product Portal and Web Gallery

News

Agriculture sector can contribute more to Ghana's GDP - Abdul Jaleel Hussein

The post-election outlook remains good for Ghana, having put behind the turbulence of campaigning and cementing its place as true democratic nation on the continent. The Ghanaian economy is well situated to speed up its economic growth and transformation plan.

The Agriculture sector remains one of the fundamental drivers of a strong Ghanaian economy. However, over the past decade, the agriculture sector has seen steady slow growth, after witnessing a major slump in growth in 2007, it is estimated that the agriculture sector will grow at an average of 3.3% yearly until 2018 while contributing just about 25% to the nation’s Gross Domestic Product (GDP).

Economy experts hint, the Agriculture sector can contribute more to Ghana’s GDP.

Abdul Jaleel Hussein, Head of Commercial Banking at Stanbic Bank, noted Ghana’s agriculture sector is largely rural and concentrating on using basic tools for farming will not yield much.

Rapid industrialisation of the sector, he reckons, is required to see major boost in its contribution to the nation’s GDP, and the livelihoods of farmers.

“Customary beliefs and traditions also remain a hindrance to the sector’s development,” he stated. “We have to think about how to add value to our agriculture industry through effective, vibrant and sustainable systems, as well as the right machinery.”

Another issue Jaleel finds threatening to the acceleration of agriculture industrialisation in Ghana, is the country’s land tenure system.

According to him, the private sector would need access to hundreds of acres of land to commercialise agriculture – a need the country’s land tenure system does not provide.

Jaleel Hussein, is optimistic massive investment and recapitalisation could transform Ghana’s agriculture sector.

He believes the thrust for agriculture sector development lies in a combination of efforts from both the private and public sector with finance being central in the drive.

Speaking to the issue of financing, Mr. Hussein indicated the current nature of the agriculture sector makes it difficult to access finance.

Nevertheless, he remains confident of the capability of Stanbic Bank in financing, considering the Bank’s financial muscle and amazing track record in financing agriculture on the African continent.

“At the Stellenbosch University, the Standard Bank Centre for Agribusiness Leadership and Development focuses on strategic leadership and transformation in Agribusiness through its research activities and laboratories and the linking of farmers to commercial Agri-food value chains,” he said.

“We have the pedigree to transform Ghana’s agriculture sector under the right circumstances.”

Agriculture is essential to Ghana’s economy and conservative figures have it that it employs almost 50% of the working population in Ghana.

Although its share of GDP seems to be low, it is important to growth.

Standard Bank has provided financial services to the agriculture sector for over 150 years and we remain committed to the development of agriculture and to adding value to business.

 

 

 

Source: Sandra Manu

NCA asks telcos to present roadmap to improving quality of service

The Ag. Director General of the National Communications Authority (NCA), Mr. Joe Anokye, has charged mobile network operators to work on improving Quality of Service and ensure that consumers are satisfied.

He said this at a meeting with Chief Technical Officers of the various Mobile Network Operators (MNOs) on Friday, 17th March, 2017 at the NCA Tower.

Present at the meeting were representatives from MTN, Tigo, Vodafone, Airtel, Glo, and Expresso.

The purpose of the meeting was to discuss poor Quality of Service (QoS) being experienced by consumers.

According to Mr. Anokye, the Authority’s attention has been drawn to the QoS challenges which range from call drops, poor quality of voice and slow internet services among others.

He informed the operators that their first line of action would be to resolve these issues within the Accra-Tema Metropolitan area, following which these efforts would be extended across Ghana. The Ag. DG said that both the NCA and the telcos have a shared responsibility to address these issues and ensure that consumers are satisfied with the level of service they receive from their respective providers.

He added that ensuring compliance with quality of serivce obligations has always been one of the key challenges for the NCA and in addressing the issue, it was necessary to engage with the CTOs who are directly responsible for these issues within their respective networks.

Contributing to the discussion, the CTOs also informed the Authority of the challenges they face in delivering the expected QoS and cited site acquisition, especially in the high-end residential areas as one of the main challenges.

However, Mr. Anokye encouraged the operators to find solutions to the problems as consumer satisfaction is key and requires a good faith effort.

The telcos were therefore charged to present to the Authority, a roadmap to address the QoS issues within Accra and Tema in a month’s time.

The operators were also encouraged to seek the Authority’s support in resolving peculiar challenge when necessary by engendering team work with the NCA.

Representatives of the MNOs expressed their appreciation for the meeting, the NCA’s candid opinion and pledged to do their best to ensure consumer satisfaction.

This meeting comes on the heels of the celebration of the World Consumer Rights Day during which the NCA engaged with consumers on knowing their rights.

One key right is the right to good service.

 

 

 

 

Source: 3news.com

More Articles...

  1. Shippers Authority sensitizes shippers on WTO trade facilitation agreement
  2. Government commits to reducing cost of doing business - Trade Minister
  3. Government to review operations at Komenda sugar factory
  4. GIPC to review Investment Act
  5. Weak Post Clearance Audit, bane of revenue leakages - GCNet
  6. I have big plans for Ghana – Akufo-Addo
  7. BoG, others intensify move to flash out counterfeit notes
  8. Declining inflation, ‘stable’ cedi to signal drop in policy rate
  9. 'My Government will not compete with private sector' – President Akufo-Addo assures African CEOS
  10. OMCs reduce prices to reflect tax cuts
  11. Rice farmers record bumper harvest but worried over lack of ready market
  12. Twelve leading cocoa companies in the world pledge to help Ghana fight galamsey
  13. Ban poultry importation - Charismatic Bishops
  14. Centralised National Data Base to roll out soon - Bawumia
  15. Adina salt factory shut down over attacks
  16. Mines Chamber urges caution on listing multinationals on the Stock Exchange
  17. Domestic borrowing won’t crowd out private sector—Finance Ministry
  18. Cashew generates US$244.5m in export revenue
  19. FDIs drop by 300 million dollars in 2016
  20. GIPC targets $5bn in FDIs to Ghana in 2017
  21. Government to roll out 7,160 million-euro agric project
  22. Don’t pay for new fares now – Transport Fare Review Commitee tells Passengers
  23. Nestle, others agree to end deforestation in Ghana, Ivory Coast
  24. ADB gives GHS100k for GH@60 initiatives
  25. Public Procurement Authority to begin e-procurement in June - Vice President
  26. Unfair competition killing local industries - Arun Thampi
  27. GCNet calls for improved valuation to meet revenue target
  28. Vodafone reassures customers of quality services
  29. Rice farmers record bumper harvest but worried over lack of ready market
  30. GHC398m worth of taxes scrapped