Minister for Trade and Industry, Alan Kyeremateng has commissioned a seven-member Soya Bean Export Permit Committee.
The seven-member committee, made up of representatives from MOFA, MOTI, GEPA, CUSTOMS, the DA, Poultry and Soya farmers, is mandated to regulate the export of soya bean to curb the unhealthy trend of high exports at the expense of local demands.
The minister at a ceremony in Accra explained that the decision to set up the regulatory taskforce is in furtherance of Export and Import – Restrictions on Exportation of Soya Bean, Regulation 2020 (L.I 2432) which came into effect in December 2020.
Data suggests that there has been a tremendous increase in the export of soya bean from Ghana resulting in competition amongst exporters while creating shortages of the commodity for use by the livestock and poultry industry coupled with price hikes, making it expensive for local processing.
According to the sector minister the situation “defeats the purpose for which soya bean production is being subsidized by the government under the Planting for Food and Jobs Programme”.
The Government of Ghana through the Ministry of Food and Agriculture initiated and commenced the implementation of the Planting for Food and Jobs (PFJ) programme in 2017 with the aim of substantially increasing yields and production of various food crops including soya beans.
The production of soya bean, which is currently being subsidized by the government, is to ensure its availability for processing and use as animal feed by the domestic livestock and poultry industry at a cheaper cost to boost local livestock and poultry production.
In addition, under the One District One Factory (1D1F) Initiative, Ministry of Trade and Industry has supported a number of poultry feed processing companies which has led to significant increase in local production hence high demand for soya bean as one of the main raw material inputs.
Parliament passed a new legislation, Export and Import – Restrictions on Exportation of Soya Bean, Regulation 2020 (L.I 2432)”, in October 2020 and this came into force in December the same year.
The export legislation required that a committee be set up to implement the regulations in the legislation. Mr. Kyeremateng expressed the hope that the committee will be diligent in their responsibilities in order to ensure an effective regulation of the Soya Bean exports.
Story by: Edwrd A. Ken-Zorre