Finance

Senior Minister fumes over Ghana spending US$1.35bn on rice importation

Senior Minister, Yaw Osafo-Maafo has lamented over Ghana spending US$1.35 billion last year on rice importation alone.

According to him, foreign exchange that could be used on machinery to modernise the economy was spent on rice although rice could be grown in every part of the country.

Mr Osafo-Maafo made this known yesterday in Accra speaking at the Ghana Beyond Aid (GBA) committee’s stakeholder consultation with the leadership of faith-based organisations (FBOs)

In a presentation on the GBA charter document, he said there was some part of the Northern Region which could grow more than enough rice to feed West Africa with little irrigation.

Mr Osafo-Maafo indicated that, private sector development was important because the rice production could not be developed by government but the private sector.

“It will depend on private farmers to develop rice like we depend on cocoa farmers to develop cocoa,” he noted.

In addition, the minister stated, there was the need for human development hence, focusing on technical and vocational education would enhance the economic growth of the country.

“The countries that have made it such as South Korea, Japan and Germany, that is where the emphasis is on their education system,” he said.

In order to achieve a country beyond aid, Mr Osafo-Maafo added that, there was the need to harness effectively available resources and deploy them creatively and efficiently for rapid economic and social transformation.

 

Source: www.ghanaiantimes.com

 

 

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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