Home / BUSINESS NEWS / Peasant Farmers Want Debt Owed Fertilizer Suppliers Paid To Prevent Shortages

Peasant Farmers Want Debt Owed Fertilizer Suppliers Paid To Prevent Shortages

Spread the love

The Peasant Farmers Association of Ghana is urging the government to pay debts owed to fertilizer companies in the country to ensure the availability of the product throughout the year [2022].



There was a major shortage of the product on the market last year [2021] which saw a rise in the price of the commodity and subsequently led to a spike in the price of food items on the market.



Head of Programs and Policy for the Peasant Farmers Association, Charles Nyaaba in a Citi Business News interview, stressed that the government must do all it can to secure fertilizers for farmers at competitive prices.


“If you look at budget allocation to the agricultural sector, it has increased to about 30% to the planting for foods and jobs. Now the market has increased astronomically. In 2019, 50kg of NPK was around GH¢120 and GH¢130. In 2020, it increased to 200 to GH¢230. Today if you go to the market, NPK is selling at GH¢240 to GH¢400 depending on the company. So, when the season starts, there is a possibility that these prices will even get worse” Mr. Nyaaba feared.

See also  Peasant Farmers Warn Of Possible Hike In Food Prices Next Year



“What we expect the government to do, is to quickly pay money owed to fertilizer company’s so that these companies can quickly scout for fertilizers, so they can store them while we wait for the season to start,” Mr Nyaaba further noted.



China has announced a ban on the exportation of fertilizer due to underproduction.

The move is in a bid to ensure that the little fertilizer produced in China is made available to Chinese farmers.

See also  Agriculture Development Bank PLC Holds Its 36th Annual General Meeting

With Brazil being the only other major supplier of fertilizer available to turn to, it will be important for local blending companies to be held fast to the market and secure enough consignments for local farmers.




Mr. Nyaaba also said there is the need to “position ourselves well because if we don’t take care of what will happen in 2021 will happen in 2022 as well. The reason why there are some increases in almost all agricultural commodities in the market is that we are not able to get fertilizer in the right quantities”.

See also  Ghana Is Not Ready To Fight Terrorism – Security Analyst





















































































































About Adwenpa-Hene

I'm Adwenpa-Hene |Blogger & Broadcaster Journalist. I am the CEO and manager of this noble website. I publish on Entertainment, Sports, Politics, Lifestyle, and Technology. You can also follow Us on : YouTube Channel - My Ghana Media TV, Facebook - MyghanaMedia TV , Twitter - @MyGhanamedia2 & Instagram - My Ghana Media TV. Email Address: [email protected] Contact Us: 0200818719

Check Also

Prof. Opoku-Agyeman: Rumours Of Jostling For New NDC Veep Are Unnecessary Distractions [Audio]

Spread the love The 2020 Vice Presidential candidate of the NDC, Professor Naana Jane Opoku-Agyeman, …

Leave a Reply

Your email address will not be published. Required fields are marked *