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Ghanaian government boost Agric sector lending with GHC400m provision.

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The Ghanaian Government has set aside GH¢400 million, with an additional funding of $14.0 million from the Africa Development Bank, towards the establishment and operationalisation of the Ghana Incentive Base Risk Sharing System for Agricultural Lending (GIRSAL) next year.

This system would to help manage the risks and stimulate private sector lending to the agricultural sector by providing guarantees to promote commercial bank lending.



Mr Ken Ofori-Atta, Minister of Finance, announced this when he presented the 2019 Budget Statement and Economic Policy of the Government to Parliament, The Budget is on the theme: ‘A Stronger Economy for Jobs and Prosperity’.

He said the Government would launch the livestock model of Planting for Food and Jobs dubbed: “Rearing for Food and Jobs” (RFJ) with the objective of increasing the production of selected livestock, especially poultry.

The Government, he said, believed that the country could leverage the PFJ and RFJ programmes and other efforts in agriculture to reduce the large food imports.

He said following a year of implementation of the PFJs Programme, the agricultural sector witnessed a growth rate of 8.4 per cent in 2017 and this was after almost a decade of erratic sector performance with an average growth rate of 3.4 per cent.

Mr Ofori-Atta said on account of this massive success, the Government implemented an expanded version of the PFJ in 2018, with more ambitious targets.

He said compared with a target of 500,000 farmers, a total of 577,000 farmers were supplied with subsidised fertilisers and seeds for the 2018 cropping season. ‘We expect another highly successful year and in 2019, we plan to expand the programme to cover a million farmers.’

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The Minister said as a country, ‘we spend over $2 billion every year importing food, for example, we import over a billion dollars of rice, $ 320 million of sugar, and $374 million of poultry.’

He said most of these the country could produce here in Ghana; creating jobs and saving foreign exchange.

It was, therefore, a key goal of the Government, he said, to replace a significant fraction of these imports with domestic production in the medium-term.

He said in the case of rice, the strategy was to increase volumes through increased yields of rice by expanding production areas in irrigated schemes, valleys and low lands around the country.

Mr Ofori-Atta said this strategy would be underpinned by making available to farmers, improved and certified seeds, subsidised fertilizers, enhanced access to mechanised harvesters to reduce post-harvest losses due to traditional labour-intensive threshing, and encourage private sector investment in milling facilities.

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‘This will ensure that the quality of locally processed rice will be at par with imported rice,’ he added.

In the case of poultry, the Minister said about 70 per cent of the cost of production was from feed, which in turn was primarily determined by the cost and availability of maize and soya bean.

He said in order to bring down the cost of feed and make poultry production competitive, the Ministry of Food and Agriculture was working on a programme to sustainably boost soybean production through the provision of improved and certified seeds, subsidised fertilisers and harvest equipment to reduce field losses.

The Minister said adequate good storage for agricultural produce was a challenge that the country must address to avoid a situation, where the increased agricultural production arising from the support to farmers would end up going to waste.

‘In 2019, Government expects to increase its warehouse storage capacity by around 80,000 metric tonnes,’ he said.

On World Cocoa prices, he said the prices remained low after declining by about a third in the 2017/2018 season.

However, despite the significant decline, the Government maintained the producer price at GH¢7,600.00 per tonne to ensure that farmers did not suffer loss of income and purchased 904,000 metric tonnes of cocoa in the 2017/18 season.

He said Ghana needed to add value to its Cocoa output and Ghana, adding that, together with Cote d’Ivoire, they produced about 60 per cent of the world’s Cocoa.

‘But we earn only $6 billion of the world Cocoa value chain earnings of $125 billion—just about five per cent,’ he pointed out.

Through the Ghana-Cote d’Ivoire Cocoa Initiative, the Government, he said, was working on several fronts to increase the value they gained from Cocoa.

They include: Vigorously promoting both domestic and international cocoa consumption; and initiatives for market expansion for exports of cocoa products to Asia; and provision of incentives to the private sector to set up cocoa processing factories.



The Minister said the Government, had also as part of its strategy, to revamp the agricultural sector by placing focus on the tree crop subsector.

‘Cabinet has approved the formation of a Tree Crop Development Authority (GTCDA) to regulate and create a favourable environment for the growth and development of that sector,’ he said.

The Authority will initially regulate the cashew, sheanut butter, oil palm and the rubber crop sub-sectors, with other tree crops being added as and when necessary.

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Concealed fake dollar worth $20m found by Kenyan police.

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The Criminal Investigation body in Kenya has disclosed that they have five personnel in custody following to the fake dollar worth  $20m (£15m).



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Two source familiar with the situation states that, the fake dollars was found in Barclays Bank, Nairobi. alleged to be owned by an investor, although further investigation is still on progress.

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Top 10 Digital Marketing Agencies For Small Businesses In Nigeria

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With the fresh burst of small businesses in Nigeria, it is worthy of not to discover those agencies that are best suited to bring your campaign to life for the best price too while still maintaining the desired quality.

This bouquet involves online adverts, SEO, website designs, native advertising, social media advertising, email advertising to mention just a few. This 2019, here are some digital marketing agencies you need to be looking at in no particular order of relevance.

 

1. Brand Envoy Africa (Digital Marketing Agency).

Brand Envoy Africa is a digital marketing and brand management agency. They offer services such as marketing consultation, digital marketing, product activation events, social media management services, placing adverts on newspapers, website design and email marketing services. BE aids businesses in reaching more customers and increase sales using digital, traditional and social media channels.

Services offered by this digital agency include; Digital Marketing, Social Media Marketing, Search Engine Optimization, Email campaigns, Website Design, Print/newspaper Advert Placement, Product Activation Events, Social Media Handle Management and Product Design.

2. De Swamp Formula (Creative Agency)

De Swamp Formula is a full-suite African marketing and interactive agency that also handle digital briefs.
They were founded in 2009 and their creativity has helped many small businesses position themselves to compete with sector big-wigs. One thing that stands out with this company is their style of communication which could be narrowed to down to great copywriting skills.

They have worked with a lot of emerging businesses across Africa as well as helped a lot of big brands achieve more market share. They have cross sector experience which is obvious in the range of companies they have worked with.

Their core services are Creative Marketing Communication, Out-Of-Home Advertising, Website Designing,  Building Platforms for Governmental Organisations and Creative Designs.

 

3. Anakle (Marketing Agency)

Anakle is a digital agency, building experiences for online and offline audiences. Services offered by Anakle include Digital Marketing, Social Media, Digital Strategy, Web/Mobile App Development & UX Design.

The team at Anakle specializes in developing strategy and executes campaigns for clients and agencies. The technology team has executed application development and user experience optimization projects for top brands across Africa.

 

4. CKDigital (Creative Agency).

CKDigital is a digital creative agency on a mission to help businesses succeed through exceptional digital services, focused on results.

CKDigital is made up of a team of professionals passionate about what they do with a culture of excellence. CKDigital works with brands of different sizes – multinationals, SMEs, and start-ups.

5. Cregital (Creative Agency)

Creative Digital Agency based in Lagos Nigeria. Cregital helps brands and businesses make digital and smart impressions.

Cregital reduces the bureaucracy found at traditional agencies by working closely with clients to understand their business objectives and help them grow within their budget.

6. Dodo (Design Agency)

DODO is a creative agency that helps businesses stand out in the market. Through human-centered processes, this design agency helps brands build unique experiences for customers.

Services offered by DODO includes – Brand Strategy and Identity Design, Print and Packaging Design, Website Design (UX and UI Design), Customer Experience Design, Digital Marketing, Customer Research, and Data Visualization.

7. Ellae Creative (Creative Agency)

Ellae is an energetic and talented creative agency based in Lagos, Nigeria. The agency blends intelligent creativity with a sincere collaborative approach, consistently delivering powerful results through brand, communication, creative and other digital channels for clients.

At the heart of Ellae is a team of creative and strategic professionals, all sharing in the same creative passion, philosophy, and firm belief in the power of great ideas.

8. Amplify (Marketing Agency)

Amplify is a digital agency that is bridging that gap between Marketing and Technology by creating solutions that help businesses fully reach their targeted audience.

The team at Amplify is made up of digital marketers, technology enthusiasts, designers, social community managers and innovative and creative change-makers using technology to create more memorable digital experiences for brands across the African continent.

9. Bytesize (Marketing Agency)

Bytesize is a full-service digital communications agency in Nigeria that combines consumer research, creativity, and insight to transform your business.

The digital marketing agency is specialised in delivering precise strategic thinking and digital marketing direction that can turn your rapidly concept from vision to reality.

10. Wild Fusion (Marketing Agency)

Wild Fusion is the leading digital marketing agency in Nigeria. It is the first certified partner of Google Adwords in Nigeria and has its offices based in several places in Africa, including Accra, Lagos, and Nairobi.

They are dedicated to offering a wide array of marketing services which include Brand Strategy, Media Services, Content Production, Social Media Marketing, PPC Advertising, Digital Marketing Strategy, Mobile Marketing, Creative Development, Web Analytics, SEO, Customer insights and Training.

NOW WE BROUGHT THEM TO YOU, YOU SHOULD KNOW…

that getting an agency that could deliver on that brief with apt concentration is a tough task because agencies who have a bigger, more prominent clientelle base will usually handle jobs for little clients with a little less more concentration and attention to detail (not always the case though).

 

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