GRi Business, Economics & Finance 28 –
03 - 2003
Currency Buying Selling
U.S. Dollar 8,487.73 cedis 8,673.27
cedis
Pound
Swiss Franc 6,147.95 6,280.88
Canadian Dollar 5,783.37 5,909.37
Danish Kroner 1,222.82 1,249.35
Japanese Yen 70.74 72.26
South African
Euro 9,082.44 9,278.26
CFA Franc 13.85 14.14
Naira 67.62
69.09
GRi.../
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Representatives of the two
companies, who serve on the International Steering Committee of the Sorghum
Project, however, declined to state by how much their foreign exchange
component would be cut but said, it would be a substantial amount that would
bring immense benefits to the country.
They made the comments after the
inauguration of the Committee, which is chaired by the Deputy Minister of Trade
and Industry (MOTI), Boniface Saddique. The Sorghum
Project seeks to develop and increase the production of sorghum in
The Committee is made up of
representatives from MOTI, Federal Ministry of Industry, Guinness
Peter T. Kutah,
Logistics Manager of ABL, told the Ghana News Agency (GNA) Business Desk that
the project was also aimed at reducing the poverty levels in the three Northern
Regions of Ghana and certain parts of
An official of GGL said they had
on their own started using sorghum in their production line and expressed the
hope that they would derive the maximum benefits from the project.
Dr Kofi Konadu Apraku, Minister of Trade and Industry, said the project would
open new opportunities in the food sector, particularly using sorghum in
brewing, weaning foods and pharmaceutical industries.
"The project will also
forge positive linkages with the agricultural sector through the sustainable
cultivation of sorghum for industrial processing." Dr Apraku
said the FRI sorghum varieties grown under irrigation and rain-fed have been
tested and documented showing their suitability for malting and brewing.
He said the project is also
intended to introduce improved and more hygienic ways of brewing pito, a traditional beer. The total cost of the project is
fixed at 2.2 million dollars with the
The rest is shared between CFC,
1.4 million dollars (66.8 per cent), UNIDO, 200,000 dollars (8.9 per cent) and
the private sector in Ghana from breweries (134,000 dollars) representing 6.0
per cent.
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Ekumfi Essarkyir
(Central Region)
Albert Kofi Mensah, chairman of the
Central Region Co-Operative Cashew Farmers Union told the Ghana News Agency at Ekumfi Essarkyir that that the
GNPA had also released to the union funds for the purchase of the crop.
Mensah commended the agency for
its efforts to boost the morale of cashew farmers most of whom were
contemplating abandoning their farms due to the lack of ready market for the
produce.
He appealed to the farmers to
take advantage of the new producer price and the ready market to reactivate
their farms. He said over 50 bags of the nuts had been bought at the Essarkyir depot and appealed to the farmers to sell their
produce to the nearest depot for prompt payment.
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