Business News of Tuesday, 27 August 2024

Source: starrfm.com.gh

Ghana expresses interest in joining council of oil palm producing countries

Oil palm Oil palm

Ghana has expressed its interest in becoming a full member of the Council of Oil Palm Producing Countries, a move aimed at improving productivity, achieving self-sufficiency, and increasing job opportunities in the palm oil sector.

The Minister for Food and Agriculture, Dr. Bryan Acheampong, has welcomed the opportunity to elevate Ghana's observer status to full membership. The country has been an observer member for four years and has been informed that its membership can be upgraded to full membership.

The Council of Oil Palm Producing Countries is a global organization that aims to promote the development of the palm oil industry through the exchange of expertise, technology, and best practices. Membership in the Council is expected to improve Ghana's palm oil production yield, which currently stands at 1.5 tons per year.

Ghana's membership in the Council is also expected to benefit smallholder farmers, who will have access to conferences and activities organized by the organization. Additionally, Ghana and Nigeria have the potential to supply the African region with palm oil.

During a meeting with a delegation from the Council, led by Paskal A. B. Rois, President of the association, Dr. Bryan thanked the delegation for the opportunity but highlighted challenges in the palm oil sector, including illegal exportation through land borders under the ECOWAS trade liberalization scheme.

The Minister has tasked the Tree Crop Development Authority and Hon. Yaw Frimpong, Deputy Minister for Agriculture, to initiate the process for Ghana to become a full member of the Council.

Dr. Bryan Acheampong stated that Ghana's membership in the Council of Oil Palm Producing Countries has the potential to transform the palm oil sector, improve productivity, and increase job opportunities.