GRi BEF News Ghana 23 - 05 - 2001

 

Cotton farmers, Companies disagree over meeting venue

 

Inter-bank exchange rate

 

 

Cotton farmers, Companies disagree over meeting venue

Tamale (Northern Region) 23 May 2001

 

There seems to be a disagreement between cotton companies and cotton farmers in Northern Ghana over the venue for a meeting to further negotiate the price of seed cotton.

Whilst the farmers want the meeting to be held at Tumu in the Upper West Region, the cotton companies insist that the meeting be held in Tamale.

An earlier negotiation ended in a deadlock when neither party wanted to compromise on their positions.  The farmers demanded 3,000 cedis for a kilo of seed cotton, whilst the cotton companies offered 1,500 cedis.

The Northern Regional Director of Food and Agriculture, Mr. Jacob Wumnaya, who is mediating, told the GNA that he is in touch with the leadership of both parties to agree on the venue.

The General Manager of the Ghana Cotton Company limited, Mr. Joseph Banafoe told the GNA in Tamale that he had earlier met the chairman of the Cotton Growers Association, Gwollu Kuoro Buktie Limann, at his village and he agreed that the meeting be held in Tamale.

Gwollu-Kuoru Limann who spoke to the GNA on telephone, however, denied ever agreeing to a meeting in Tamale.

He said the parties had earlier agreed to meet at Tumu on Wednesday and he could not take a unilateral decision to change the venue.

Asked whether they would compromise on their demand, the chairman said the farmers had already compromised by reducing their demand for the price of a kilo of seed cotton from 6,000 cedis to 3,000 cedis.

Mr. Banafoe said a compromise by the Cotton companies would depend on the meeting.

He declined to tell how much they would offer the farmers, but said, "something has to be done".

GRi…/

 

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Inter-bank exchange rate

Accra (Greater Accra) 23 May 2001

 

Currency           Buying          Selling

 

US Dollar         7,045.00         7,251.82

Pound Sterling   10,136.35        10,436.82    

French Franc        940.12           967.23 

Swiss Franc       4,023.80         4,139.95

Deutsche Mark     3,152.24         3,244.67

Canadian Dollar   4,585.75         4,719.13

Japanese Yen         57.37            59.03

Dutch Guilder     2,798.32         2,879.04

S/African Rand      891.37           916.44

Euro                     6,168.66         6,343.41

CFA Franc             9.40             9.67

Naira                    64.80            66.70

ECOWAS/WAUA 8,957.07         --------

GRi…/

 

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