• Advertise with Us
  • About Us
Saturday, July 5, 2025
  • Login
  • Home
  • Politics
  • Business
  • General News
  • Entertainment
  • Sports
  • Tech
  • Africa
  • World
  • Health
No Result
View All Result
  • Home
  • Politics
  • Business
  • General News
  • Entertainment
  • Sports
  • Tech
  • Africa
  • World
  • Health
No Result
View All Result
No Result
View All Result
Home General News

Dr. Bawumia endorses Jospong Group, Komptech 30m Euro rice project partnership

EFO MAWUGBE by EFO MAWUGBE
April 28, 2023
in General News
0
Dr. Bawumia endorses Jospong Group, Komptech 30m Euro rice project partnership
0
SHARES
4
VIEWS
Share on FacebookShare on TwitterShare on WhatsAppShare on Telegram

The Vice President, H.E. Dr. Mahamudu Bawumia has implored investors from Austria to take advantage of Ghana’s economic and political stability to invest in the country.

Speaking at B2B session with the Austrian delegation led by the Federal Chancellor, H.E. Karl Nehammer, in Accra under the auspices of the Foreign Affairs Ministry and the Ghana Investment Promotion Centre, the Vice President reiterated Ghana commitment to strategic partnership with the private sector and enhanced efforts for industrialization and productive transformation to achieve sustainable economic growth.

READ ALSO

Sam George Vows to Secure Reduction in DSTV Subscriptions

Court Sentences Agradaa to 15 years Imprisonment Over Charlatanic Advertisement

He said Ghana is open for business and is eager to forge mutual beneficial rewarding relationships with Austria.

As Ghana and Austria seem to forge stronger bonds, we have to sustain such relationship through improved technical and science-based education, technology and also address unfair trade relations among others,” he stressed.

He noted that the Austrian Federal Chancellor’s participation at this business forum also demonstrates the commitment of the Austrian government to enhance collaboration between private and public sectors of the two countries for mutual benefits.

He noted that Ghana has a stable political environment, strong democratic culture, safe and happy people underpinned by freedom of expression.

In the volatile West Africa, Ghana is ranked as the most peaceful country and the second most peaceful country in Africa, he further emphasized.

He also noted Ghana has educated and competitive and trainable labour force which should motivate the Austrian investors to consider investing in Ghana.

He observed the timing for the meeting was auspicious as the devastated effects of COVID 19, climate change and ongoing energy and food crisis has dessmonstrated the need for increased global collaboration.

These global developments have amplified protection and distortions of supply chains with ramifications for economies in the continent including Ghana,” he stated.

Dr. Bawumia however noted that Ghana has initiated steps to bounce back stronger.

Ghana had its fair share of these burdens and is making concrete efforts to bounce back stronger, ” he stressed.

As we pull together to revive the global economy, and secure our future against economic, environmental, health security treats the contribution of Africa to these efforts cannot be understated.

Dr. Bawumia was pleased to see the union of Jospong Group and Komptech as the two signed a 30 million Euro agreement to support rice, maize and soya production in the country production in Ghana.

The agreement, which was signed by the Executive Chairman of Jospong Group, Dr. Joseph Siaw-Adjepong and Markus Maierhofer on behalf of Komptech, will see Komptech providing machinery and technological support to the Jospong Group rice project.

Komptech is one of the leading international technology providers for machinery and systems for the mechanical and biological processing of solid waste.

The Jospong Group rice project which is being championed by the Asian African Consortium (AAC) is an integrated rice project is to make Ghana self-sufficient in rice production resulting in significant economic benefit for the country”.

Executive Chairman of Jospong Group, Dr. Joseph Siaw Agyepong, in a brief remarked invited other stakeholders to join this initiative to improves Ghana’s food security by producing locally the food that it imports.

He said, the project team has invited the business mogul, Ibrahim Mahama, and other likeminded businessmen to be part and support the consortium.

H.E. Karl Nehammer, the first leader of Austria to visit Ghana, in his remarked, noted that Ghana has been a reliable partner to Austria and Austria will continue to deepen its engagement with Ghana, adding that trade between the two countries has increased in the past few years.

We therefore see great potential for more development and our aim is to create a partnership of equals for mutual benefits,” he emphasized.

Backgroud

Last year, Asian African Consortium entered partnership with major rice industry players in Thailand to develop an integrated rice farming project. This move by Jospong Group stemmed from the government’s decision to boost the economy through import substitution.

A core team later visited Thailand for the Ghana-Thailand Business conference in March 2023 with researchers from various universities in Ghana as well as major players in the rice industry.

Last year, Ghana spent over GH¢6.8billion (equivalent to US$560million at current market rates) importing rice, a grain that can be produced locally.

While total rice consumption stood at 1.4 million metric tonnes in 2022, imports valued at US$560 million accounted for 800,000 metric tonnes (mt) of the consumption figure, with domestic production catering for the remaining demand – according to data from IDH Sustainable Trade, a foundation headquartered in The Netherlands.

Similarly, according to the Ministry of Food and Agriculture, between 2010 and 2020 the country’s rice imports hit a staggering US$8billion. This, in addition to imports of other food items that can be produced locally, has been a major source of concern for stakeholders.

source:www.senaradioonline.com

Related Posts

Sam George Vows to Secure Reduction in DSTV Subscriptions
General News

Sam George Vows to Secure Reduction in DSTV Subscriptions

July 3, 2025
Court Sentences Agradaa to 15 years Imprisonment Over Charlatanic Advertisement
General News

Court Sentences Agradaa to 15 years Imprisonment Over Charlatanic Advertisement

July 3, 2025
Education Minister Inaugurates NaSIA and NaCCA Governing Boards
General News

Education Minister Inaugurates NaSIA and NaCCA Governing Boards

July 3, 2025
Incorporate Foundational Learning, National Culture and Values into the Curriculum-Education Minister to NaCCA
General News

Incorporate Foundational Learning, National Culture and Values into the Curriculum-Education Minister to NaCCA

July 3, 2025
“Hours we spend sleeping are monies gone”– Osei Akoto expresses confidence in 24-Hour Economy
General News

“Hours we spend sleeping are monies gone”– Osei Akoto expresses confidence in 24-Hour Economy

July 3, 2025
Why Artisanal Fishers Are Exempted from the 2025 Closed Season: Minister Explains in Parliament
General News

Why Artisanal Fishers Are Exempted from the 2025 Closed Season: Minister Explains in Parliament

July 2, 2025
Next Post
Ghana Television and Film Crew Association Honours GJA President

Ghana Television and Film Crew Association Honours GJA President

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

EDITOR'S PICK

  • All
  • Politics
My Next Govt will be About You; Not Family and Friends-John Mahama

My Next Govt will be About You; Not Family and Friends-John Mahama

March 2, 2023
Breaking:Boakye Agyarko Steps Down For Addai-Nimo

Breaking:Boakye Agyarko Steps Down For Addai-Nimo

August 28, 2023
Ridge Hospital: Axis Pharmacy pops up over alleged extortion of patients

Ridge Hospital: Axis Pharmacy pops up over alleged extortion of patients

April 8, 2025
President Mahama Holds First Cabinet Meeting…Expresses Confidence in the Team to Turn Things Around

President Mahama Holds First Cabinet Meeting…Expresses Confidence in the Team to Turn Things Around

February 20, 2025

About SenaRadio Online

SenaRadio Online is a Private News Portal based in capital of Ghana, Accra established in the year 2019.

SenaRadioonline.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Follow us

Categories

  • Africa
  • Business
  • Entertainment
  • General News
  • Health
  • Opinion
  • Politics
  • Sports
  • Tech
  • Uncategorized
  • World

Recent Posts

  • President Mahama Appoints Last Batch of Deputy Ministers
  • Sam George Vows to Secure Reduction in DSTV Subscriptions
  • Court Sentences Agradaa to 15 years Imprisonment Over Charlatanic Advertisement
  • Education Minister Inaugurates NaSIA and NaCCA Governing Boards

Gallery

© 2023 Sena Radio Online -All Rights Reserved Site Powered by CodeArthur

  • Contact Us
  • Advertise with Us
No Result
View All Result
  • Home
  • Politics
  • Business
  • General News
  • Entertainment
  • Sports
  • Tech
  • Africa
  • World
  • Health

© 2023 Sena Radio Online -All Rights Reserved Site Powered by CodeArthur

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In