Ghana has Publicized a Minimum Acquisition Fee in rehearsal for the Nation’s 2024 Mango Season

By Abdul Rahman Bangura-

Photo Credit: pngtree.com

NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Effective May 1st, 2024, indexed to the US Dollar and
corresponding with international commodity market rates, intends to stabilize mango farmers’ revenues and protect against currency
oscillations.

The Tree Crop Development Authority (TCDA), in show with the Federation of the Association of Ghanaian Exporters (FAGE) and the Mango Association of Ghana inaugurated this price model. It factors in production costs and average global mango costs and assures reasonable dividends for growers, enabling translucent marketing across the mango value chain.

“This initiative is not just about setting prices; it’s about supporting our farmers, ensuring they receive fair compensation for their hard work,” Yaw Frimpong Addo – Deputy Minister of Food and Agriculture noted on behalf of Minister Bryan Acheampong.

Ghana presently puffs around 200,000 hectares of mango plantations, delivering between 300,000 to 400,000 metric tons yearly. With the probable growth to 3 million metric tons, the mango sector hovers to recreate an even more critical role in both domestic consumption and  international export, offering a favorable future for the industry.

Established under Act 1010 of 2021, the Tree Crop Development Authority (TCDA) plays an essential part in supervising the production, processing, and trading of six major tree crops, comprising mango. Their priority on nurturing endurable agrarian practices and financial growth is an auspicious prophecy for the tomorrow of Ghana’s agriculture, imbuing belief in the sector’s management.

The curtain-raiser of a minimum mango price is predicted to enable resilience and evolution within Ghana’s mango industry, confirm square
recoveries for growers, and improve the sector’s competitiveness on the international rostrum.

For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent