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Cotton growers urge Govt to save sector
12 Aug '09
1 min read
The Chairman of the Cotton Growers Association of Ghana has appealed to the government to take steps to save the textile and cotton industry from collapsing, which is currently going through one of the worst periods.
He said that the main problem faced by the cotton sector was the unreliable funding to the cotton producing farmers in the country and advised the government to extend fertiliser subsidy to the cotton farmers too.
He was very critical about the cotton trading companies in the country who had huge unpaid loans or had either turned bankrupt and were also not paying the farmers on time, due to paucity of funds.
He requested the government to bring in competition in to the cotton trading industry by luring foreign investors, which would make the local traders sit up and not atke undue advantage of the cotton farmers.
He said that the main problem faced by the cotton sector was the unreliable funding to the cotton producing farmers in the country and advised the government to extend fertiliser subsidy to the cotton farmers too.
He was very critical about the cotton trading companies in the country who had huge unpaid loans or had either turned bankrupt and were also not paying the farmers on time, due to paucity of funds.
He requested the government to bring in competition in to the cotton trading industry by luring foreign investors, which would make the local traders sit up and not atke undue advantage of the cotton farmers.
Fibre2fashion News Desk - India
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