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    Tanzania Breweries Limited announces Sh96 Billion investment in Kilimanjaro Malting Plant

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            Her Excellency Hon Reem Ebrahim Al Hashimy, Minister of State for international Cooperation, United Arab Emirates Emerges PSG Minister of the Week

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              The Gambia’s Economy Shows Resilience Amid Global Challenges

              The Gambia’s Economy Shows Resilience Amid Global Challenges

              Uganda: President reports economic growth, eyes infrastructure in State-of-the-Nation Address

              Uganda: President reports economic growth, eyes infrastructure in State-of-the-Nation Address

              Egypt: President El-Sisi Holds Bilateral Talks with Angolan President

              Egypt: President El-Sisi Holds Bilateral Talks with Angolan President

              Kenya: Kenyans to Get More Loans with Launch of Hustler Group Loan

              Kenya to Enhance Strategic Partnerships with Other Nations – President Ruto notes

              Kenya: PS Raymond Omollo urges incorporation of public opinions in drafting cybercrime regulations

              Kenya: PS Raymond Omollo urges incorporation of public opinions in drafting cybercrime regulations

              Tanzania Breweries Limited announces Sh96 Billion investment in Kilimanjaro Malting Plant

              Tanzania Breweries Limited announces Sh96 Billion investment in Kilimanjaro Malting Plant

              Kenya: Kenyans to Get More Loans with Launch of Hustler Group Loan

              Embrace value addition to power industrialisation, President Ruto tells Common Market for Eastern and Southern Africa (COMESA)

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              • FEATURES
                World Environment Day 2023: History, theme and significance

                World Environment Day 2023: History, theme and significance

                Femi Gbajabiamila – Nigeria’s New Chief of Staff

                Femi Gbajabiamila – Nigeria’s New Chief of Staff

                Dr. Bashir Yusuf Jamoh: Sailing NIMASA to victory in the battle against piracy on Nigerian waters

                Dr. Bashir Yusuf Jamoh: Sailing NIMASA to victory in the battle against piracy on Nigerian waters

                The Dynamic Lady Driving Ghana’s Non-traditional Export Sector

                The Dynamic Lady Driving Ghana’s Non-traditional Export Sector

                MEET THE MATRIARCHS RUNNING AFRICA’S AFFAIRS

                MEET THE MATRIARCHS RUNNING AFRICA’S AFFAIRS

                Meet Ghana’s New Chief Justice Nominee – Justice Gertrude Araba Esaaba Torkornoo

                Meet Ghana’s New Chief Justice Nominee – Justice Gertrude Araba Esaaba Torkornoo

                Saudi Arabia is Building the Future for Travel

                Saudi Arabia is Building the Future for Travel

                Five Female Chief Directors leading Ghana’s Public Sector

                Five Female Chief Directors leading Ghana’s Public Sector

                Trending Tags

                • DIGITAL ECONOMY
                  Eritrea: President Isaias Afwerki returns home

                  Eritrea: President Isaias Afwerki returns home

                  President Ramaphosa meets large exporters on the state of South Africa’s logistics system

                  ECOWAS shares dialogue, negotiation and mediation capacity building experiences at The Hague

                  ECOWAS shares dialogue, negotiation and mediation capacity building experiences at The Hague

                  Kenya: Ministry of Health welcomes new Kenya Medical Supplies Authority Chairperson, Mr. Daniel Rono

                  Kenya: Ministry of Health welcomes new Kenya Medical Supplies Authority Chairperson, Mr. Daniel Rono

                  Full SONA Delivered by President Akufo-Addo to Parliament

                  Full SONA Delivered by President Akufo-Addo to Parliament

                  image containing somalia frontline states summit

                  We must ruthlessly dismantle terror networks in the horn of Africa- President Ruto

                  President Ramaphosa nominates Justice Mahube Betty Molemela as Judge President post image

                  President Ramaphosa nominates Justice Mahube Betty Molemela as Judge President

                  South Africa: Minerals and Energy on Eskom Diesel Licence

                  South Africa: Minerals and Energy on Eskom Diesel Licence

                  Statement by Administrator Samantha Power on the declaration of the end of the Ebola Outbreak in Uganda

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                  Trending Tags

                  • INTERVIEW
                    Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

                    Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

                    Ghana’s registra department: driving digitization for effecient services

                    Ghana’s registrar department: driving digitization for efficient services

                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    Why Nigeria Needs Aircraft Leasing Companies- Captain Abdulsalami Mohammed

                    Why Nigeria Needs Aircraft Leasing Companies- Captain Abdulsalami Mohammed

                    Interview with Jennifer Blanke, Vice President Agriculture, Human and Social Development at the African Development Bank Group, Ahead of the 2019 Gender Summit

                    Interview with Jennifer Blanke, Vice President Agriculture, Human and Social Development at the African Development Bank Group, Ahead of the 2019 Gender Summit

                    Now is the Time to Partake in Nigeria’s Next Level Roadmap – Damilola Ogunbiyi

                    Now is the Time to Partake in Nigeria’s Next Level Roadmap – Damilola Ogunbiyi

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                      Her Excellency Hon Reem Ebrahim Al Hashimy, Minister of State for international Cooperation, United Arab Emirates Emerges PSG Minister of the Week

                      Her Excellency Hon Reem Ebrahim Al Hashimy, Minister of State for international Cooperation, United Arab Emirates Emerges PSG Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

                      Ambassador John Mwangemi, Chief Executive Officer, Kenya Ports Authority Emerges APS “CEO OF THE WEEK”

                      Ambassador John Mwangemi, Chief Executive Officer, Kenya Ports Authority Emerges APS “CEO OF THE WEEK”

                      H.E. Amb Dr. Monica Kathina Juma, Minister of Energy, Kenya Emerges APS Minister of the Week

                      H.E. Amb Dr. Monica Kathina Juma, Minister of Energy, Kenya Emerges APS Minister of the Week

                      His Excellency Dr. Belete Molla, Minister of Innovation & Technology, Ethiopia Emerges APS Minister of the Week

                      His Excellency Dr. Belete Molla, Minister of Innovation & Technology, Ethiopia Emerges APS Minister of the Week

                      H.E Dr. Mohamed Maait, Minister of Finance, Egypt Emerges APS Minister of the Week

                      H.E Dr. Mohamed Maait, Minister of Finance, Egypt Emerges APS Minister of the Week

                      HE Mrs Fatim Zahra Ammor, Ministry of Tourism, Handicrafts & Social Economy of Morocco Emerges APS Minister of the Week

                      HE Mrs Fatim Zahra Ammor, Ministry of Tourism, Handicrafts & Social Economy of Morocco Emerges APS Minister of the Week

                      Mr Alphayo J. Kidata, Commissioner General, Tanzanian Revenue Authority Emerges APS “CEO OF THE WEEK”

                      Mr Alphayo J. Kidata, Commissioner General, Tanzanian Revenue Authority Emerges APS “CEO OF THE WEEK”

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                      Ghana: Oil palm import hits US$1.17bn in 3yrs

                      Public Sector Global by Public Sector Global
                      March 22, 2023
                      in NEWS
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                      Ghana: Oil palm import hits US$1.17bn in 3yrs

                      Oil Palm

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                      Trade data obtained from the Oil Palm Development Association of Ghana (OPDAG) indicates that the country imported some US$1.17billion worth of oil palm between 2019 and 2021, a commodity which can be produced locally.

                      The association’s President, Samuel Avaala in an interview mentioned that lack of best practices in production and milling is causing the state to lose millions of export revenue from the commodity.

                      Despite having the potential to become a net exporter, he said the country has become a net importer of oil palm as it shipped in 1.17 million metric tonnes of palm oil from 2019 to 2021 while producing about 850,000 tonnes within the same period.

                      Though Wilmar Africa and the Benson Oil Palm Plantation refine and produce crude palm, these two companies export a chunk of their products to the Sahel regions and other parts in the sub-region.

                      Refining almost 1000 metric tonnes per day, both Wilmar and Benson export about 600,000 tonnes in both refined and crude palm each year to countries, including Mali, Burkina Faso, Niger, and others.

                      With domestic consumption of palm oil hovering around 400,000 tonnes, Mr. Avaala is of the opinion that priority should be given to domestic production to reach two million tonnes annually to reduce the weight of imports on the economy, and to create employment for young people.

                      Currently, Indonesia and Malaysia produce more than 90 percent of the world’s consumable palm oil. Data from the OPDAG shows that Africa consumes 13 percent of global palm oil but produces just about four percent of the commodity.

                      “We need to cultivate about 200,000 hectares to meet the targetted expansion and to halt the escalating imports,” Mr. Avaala said.

                      Issues of best practices

                      The key challenge to the domestic production remains the fact that small-scale producers are in charge of more than 70 percent production.

                      Similarly, oil extraction and processing are largely done by small artisanal millers. With little or no use of technology in the sector, oil extracting rate is lower, and waste contains fibre content higher than the actual oil extracted.

                      These small producers and artisanal millers are not only limited in capacity, but they also lack best practices.

                      For instance, a standard palm farm per hectare should give the farmer about 18-25 tonnes of fresh fruits per year, but small-scale producers in the country, according to the OPDAG, get less than six tonnes per hectare.

                      Whereas the oil extracting rate should ideally be 20-25 percent per tonne, artisanal millers are doing 11-13 percent.

                      “Intensification must be done to double the current production to at least 50 percent. Adoption of best practices at the farm level and at mills should be prioritised,” he advocated.

                      In Africa, Nigeria used to be the leading palm oil producer, but abandoned it after it discovered oil. Currently, Ivory Coast is the only net exporter of palm oil in Africa.

                      Business and Finance Times

                      Tags: GhanaOil Palm Development Association of Ghana (OPDAG)Oil palm import
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