Stakeholders decide to increase seed cotton price by 43.3%

15 Apr '11

1 min read

A two-day Stakeholder Forum of the Cotton Sector has been organized by the Ministries of Food and Agriculture, and Trade and Industry, to discuss pricing mechanism and price of seed cotton for the 2011/2012.

The Forum, after thorough discussion, decided to increase the price of seed cotton by 43.3%, that is, from 0.60 GHS/kg in 2010/2011 to 0.86 GHC/kg in 2011/12 season. This seed cotton price is the highest in the West African Sub Region. The increase in price is consistent with Government policy of revamping the cotton sector and responding to the poverty reduction aspirations of Government.

The participating stakeholders were Ministries of Food and Agriculture and Trade and Industry officials; Agricultural Development Bank; World Bank ; Cotton Farmers Division of the General Agricultural Workers Union (GAWU); Ghana Cotton Company Ltd and the only three cotton companies licensed to produce cotton in Ghana, namely OLAM Ghana Ltd, Wienco Ghana Ltd and Aramajaro Cotton Ghana Ltd (Armajaro/Plexus).

The Ministries wish to emphasize that it is in the interest of farmers and the objective of revamping the sector to limit registration of farmers for production to only the three companies licensed to produce cotton.

Ministries of Food and Agriculture

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