Finance Minister Ken Ofori Atta is predicting foods lack in the region if the new coronavirus pandemic persists.
“General lack in food provide is predicted if the pandemic intensifies. This could direct to inflation in food prices, specifically rice, bread, poultry and other meat merchandise, vegetables, sugar and other commodities,” Mr. Ofori Atta advised Parliament in an address on what is remaining accomplished to continue to keep the economic climate intact in the mild of the virus’ unfold.
“Disruptions could restrict farmers’ obtain to inputs, such as seeds, fertilizers and insecticides, uncertainty and panic could negatively affect planting choices and also a reduction in the quantity of most important agricultural exports, as a final result of the common downturn in world economic exercise thanks to the pandemic,” he claimed.
“Though the influence on agriculture might not be critical, given that agriculture does not have to have considerable imported intermediate items, development could even now be a sluggish-down as a consequence of disruptions in the offer chain and decrease demand activities,” Mr. Ofori Atta additional.
Ghana has recorded 5 deaths and more than 150 situations of Covid-19, forcing President Akufo-Addo to direct a lockdown of Larger Accra and Greater Kumasi. Moreover necessary company providers, absolutely everyone is getting forced to remain home. On the influence of the condition on food stuff protection, Mr. Ofori Atta advised MPs “the image is grim.”
He, however, suggests the COVID-19 pandemic offers an possibility to improve domestic manufacturing and consumption of some food items commodities this sort of as rice, maize, cassava, yam and rooster.
He reported the prepare is for Ghana to use the option to maximize the manufacturing and export of commodities for which the state has comparative gain into trade in just the West African location.