The Minister for Food and Agriculture, Dr. Bryan Acheampong has stated that the government has cancelled subsidy intervention on fertilizers for farmers effective April 11, 2023
According to him, the subsidy costed the nation Ghc3billion in the last six years however did not achieve the intended purpose due to unbridled corruption that marred the intervention.
“We have cancelled subsidy since 11th April,2023 when I assumed office. Because, the subsidy has cost the nation Ghc3billion in the last 6 years. Yes it has moved Agriculture from contribution to GDP from 2% to about 6% but the amount of money invested and the way the structure has behaved due to misconducts in the subsidy”.
The Agric Minister said ” the subsidy was not reaching the farmers but the people in the middle colluded such that the farmers were not benefiting from the subsidy. I believe if they were really benefiting in the full hall the way government intended it would have been better.”
Dr. Bryan Acheampong however hastened to add that government will soon introduce a guarantor system where government will guarantee the supply of fertilizers to farmers to repay after harvest.
“With this new program there will be no subsidy.You don’t also have to come up with that Ghc85 that you have to pay.What government is going to do is to sign an agreement with the suppliers to guarantee for the farmers to provide the fertilizers on credit and after harvest pay back”.
The Minister said these when answering questions from the local media in Kwahu dubbed “The Big Interview”.
Flagbearer of the largest opposition party in Ghana,John Dramani Mahama has consistently lashed out at government for discontinuing the free fertilizer supply program saying it has worsened plight of Ghanaian farmers.
He has assured to reintroduce the free fertilizer supply when the NDC returns to power in the year 2025.
However Bryan Acheampong believes the cancellation of the program and introduction of the guarantor system are in the interest of the country.
He revealed government is entering into agreement with private fertilizer company in Takoradi for the production fertilizer using gas waste to mitigate the huge dificit worsened by Russia -Ukraine war which has disrupted fertilizer production and supply chain globally.
Source: Ghana/Starrfm.com.gh/103.5FM/Kojo Ansah
