Home / Knowledge / News / Textiles / Ghanaian cotton sector to cash in on high prices
Ghanaian cotton sector to cash in on high prices
05
Mar '11
Minister of Food and Agriculture, Kwesi Ahwoi recently said that, Ghana holds the capacity to produce 250,000 metric tons of lint cotton in the medium term, but then this would necessitate involvement of around 500,000 cotton cultivators in all the three northern regions.

He said this, while speaking at a meeting of the cotton cultivators to launch the "White Gold" campaign.

With world cotton prices averaging at US $2,500 per metric ton, the three northern regions could have brought in US $625 million to the country's economy during the 2010 cotton season, Ahwoi said.

He said that, for the current year their focus would be to engage 100,000 farmers in cotton cultivation, in order to cash in on the remarkably high prices of lint cotton in the world market.

Thus, the Ghanaian government initiated a programme for revival of the cotton sector, and grouped the cotton belt into three zones and delegated three companies to take care of cotton production in each of these zones.

Wienco Ghana Limited together with a French firm, Geo-Cotton was assigned the responsibility of the North-Eastern Zone, while the North-Western Zone was allocated to Olam Ghana Limited and Plexus together with Amajaro Ghana Limited was allocated North-Central Zone.

The government is not going to authorize establishment of any new ginnery unless the existing ginneries utilize to the fullest, their installed ginning capacity of nearly 90,000 metric tons of lint, Ahwoi said.

He further made an announcement that, the World Bank and its other sister organizations have shown their willingness to finance the programmes aimed at formation of strong farmers groups in all the cotton zones.

The World Bank has also shown its willingness to provide finance for setting up the Cotton Secretariat which by engaging experts, would aid in the revival of the cotton industry.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search