Crop Production Government reduces fertilizer prices by 50 percent

Dr. Owusu Afriyie Akoto said is also to motivate farmers, improve crop yields and increase export.

  • Published: , Refreshed:
play Dr. Owusu Afriyie Akoto
24/7 Live - Subscribe to the Pulse Newsletter!

The Minister of Food and Agriculture has announced the reduction of fertilizer prices by 50 percent, a move he said will boost crop production.

Dr. Owusu Afriyie Akoto said the move is to also motivate farmers, improve crop yields and increase export.

READ MORE: How Ghana's president plans to tackle the economy from collapse

play Dr. Owusu Afriyie Akoto


The reduction comes as the Akufo-Addo administration prepares to launch the “Planting for food and jobs” programme which is estimated to employ some 700,00o youths.

Compound fertilizer (NPK) will be sold at GH¢57.50 instead of the GH¢85.00 and Urea will be sold at GH¢47.50 instead of the GH¢80.

“Organic fertilizer will be GH¢15 flat. What it means is that the 57 cedis represents 50% reduction as the subsidy amounts to 50%. The cost to the government is Ghc115 per bag of 50kg for NPK which is the most common form of fertilizer. A farmer is paying only half of it, which amounts to Ghc57.50 pesewas.” Dr. Afriyie Akoto said.

READ MORE: Ghanaian farmers are trading cocoa lands for gold money

He expressed hope that the reduction will encourage more farmers to apply fertilizers in order to raise productivity.

“In terms of comparison with last year, we hope that this huge reduction in price for the farmer would encourage more farmers to apply fertilizers so that we can raise the productivity on the farms this year,” he said.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email:

Recommended Articles

Recommended Videos

Top Articles

1 Bank of Ghana Here are the banks with the best deposit rates in Ghanabullet
2 NPP Government Pension for cocoa farmers to be rolled out in 2018bullet
3 Mobile Money Staff of telcos are accomplices in mobile money fraud,...bullet
4 Feature MTN Mobile Money fraud, an inside job?bullet
5 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
6 Stanbic Bank Staff jailed 10 years for stealing GH¢297,000bullet
7 Business Registration Online registrations beginsbullet
8 Interest Rate Here are the banks offering the cheapest car...bullet
9 Ghana Cedi New GH¢5 note in circulationbullet
10 Newmont Ghana Partnering local suppliers to increase...bullet

Top Videos

1 Entrepreneurship Failure- How To Deal With It | StartUpSchoolbullet
2 Entrepreneurship How To Get Ready To Get Started | StartUpSchoolbullet
3 Entrepreneurship How to be resourceful as an entrepreneurbullet