Business News of Thursday, 5 October 2023

Source: Ministry of Trade and Industry

Trade Minister commissions Ghana-EU housing units for farmers under BAM project

Dep. Trade Minister, Nana Ama Dokuaa Asiamah-Adjei commissioned the units on behalf of the minister Dep. Trade Minister, Nana Ama Dokuaa Asiamah-Adjei commissioned the units on behalf of the minister

The Ministry of Trade and Industry has commissioned a 224 on-farm housing units on the plantation of Golden Exotic Limited (GEL) at Kasunya/Asutsuare in the Shai Osoduku District of the Greater Accra Region.

In a speech read on behalf of the sector minister, Nana Ama Dokua Asiamah-Adjei, Deputy Minister responsible for International Trade, the newly constructed housing units are equipped with modern facilities aimed at ensuring a comfortable living for farmers and their families under the Banana Accompanying Measures (BAM).

In addition, the houses have been designed with a focus on their functionality and sustainability which feature energy-efficient electricity systems, water treatment plant and a community centre.

Nana Ama Dokua Asiamah-Adjei further noted that the completion of the 224 housing units marks a long-awaited, yet significant milestone in the journey towards creating a thriving farming community in Ghana.

“The European Union and the Government of Ghana look forward to continuing their fruitful partnership to further empower farmers, contribute to sustainable rural development, and improve the overall quality of life in the agricultural sector” she said.

She emphasized that access to decent and affordable housing plays a crucial role in creating a conducive environment for farmers to thrive and contribute effectively to the agricultural sector.

"By providing farmers with these housing units, the BAM project is aimed to address the pressing issue of rural poverty and homelessness within the farming community," the Deputy Minister noted.

She continued, "The project is part of the broader Banana Accompanying Measures Program, which prioritized the development of the agricultural sector while enhancing social welfare within the farming community."

She expressed government’s appreciation for the European Union's support for the project.

“We are proud to have collaborated with the European Union in realizing this important project. The housing units will unlock potential and enhance the agricultural productivity of the farmers. This is an embodiment of the shared vision for rural development and poverty reduction, which lies at the core of our collaboration" she indicated.

It was revealed that the European Union concluded a deal with Latin America and the USA in 2009 to settle 15 years of their Banana-trade disputes, the agreed cuts in EU Tariffs for banana’s imported from Latin American countries increased competition for African and Caribbean banana exporters. The BAM was therefore introduced to help African and Caribbean banana exporting countries remain competitive in the EU market.

In 2013, the EU and the Government of Ghana (represented by the Ministry of Finance) signed a Financing Agreement (FA) for the BAM package at a total cost of €7.2 million Euros to support the Ghana’s Banana Industry.

European Union Ambassador to Ghana, H.E. Irchad Razaaly on his part highlighted the significance of the partnership in empowering local communities.

"These housing units are a testament to our commitment to uplifting farmers and strengthening the agricultural sector. They will not only provide a safe and comfortable space for the farmers but also enable them to lead better lives." He added that,” he said.

He noted that the BAM supports the competitiveness of the Ghanaian Banana export sector, while ensuring its environmental and socio-economic sustainability in the long run

Vice President of Compagnie Fruitiere in Ghana (parent company of Golden Exotics Limited) Olivier Chassang, in his address said, “This is a major milestone in the social development of the company and a great example of international cooperation”