The Ministry of Food and Agriculture (MoFA), has authorized five Ghanaian soya bean-producing companies to export a recommended quantity of soya bean worth USD 13.7 million due to the high demand for the community from external markets.
The Minister of Food and Agriculture, Dr. Owusu Afriyie-Akoto, mentioned that the Ministry has taken this step due to the excess availability of the product in Ghana.
According to him, “The five companies made a request to export 26,850 metric tonnes of soya bean worth US$ 13.7 million, but MoFA has a threshold for such requests, though, there is excess supply. The cap on exports is to meet the country’s domestic feed requirements for the fish and poultry industries.”
The ministry has revealed that the five companies are expected to export the approved commodity to meet high demands in China, Italy, India, Turkey and Canada.
He also attributed the excess in food produce to the success of the Planting for Food and Jobs (PFJ). This, he said, has positively impacted all production sub-sectors in the production value chain.
“The figures being churned out as opposed to the reality of the PFJ are not true. The ministry works with its own primary data and we have production excess for many of the leguminous crops,” he said.
Data from MoFA suggests that there has been an increase in the production of soya beans in the past decades from 74,800 tonnes in 2018 to 176,670 tonnes in 2018.
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