Ghana loses 625 million dollars due to poor cotton production

Mr Kwesi Ahwoi, Minister of Food and Agriculture (MOFA), the weekend, said Ghana has lost about 625 million dollars last year because the domestic cotton industry was latent.
"The cotton sector is a major source of employment and income generation. It is estimated that Ghana has the potential to produce 250,000 tons of cotton fiber in the medium term," he said.
Mr. Ahwoi was speaking at Garu District icebergs in Iceberg, where "white gold" Campaign was launched by President John Atta Mills, as part of the Draft North Eastern Zone and the government's commitment to "create a cash crop economy for the North similar to the cocoa sector has become the South. "
The Minister regretted that the cotton industry suffered a setback in recent years and said the disappointment and painful experiences of lost work and financial losses for farmers would be a thing of the past.
Mr. Ahwoi the government has not only sympathize with the farmers by the poor performance of cotton gins can produce much and suffered the loss of revenue, but was about to put smiles on their faces.
He said the main policies were made by the Government and the North East Area, which includes Kasenna Nankana District, Talensi Nabdam District, Bawku West District, Bawku Municipality, Garu Iceberg District, Bongo District, Builsa District, East and Mamprusi District West Mamprusi District have been assigned to WIENCO Ghana Limited (Ltd) in collaboration with GEO Cotton, a French company for the production of cotton.
Mr. Mac Kok, Managing Director, WIENCO Ghana Ltd, said for more than 21 years, the company had been active in the agricultural sector and has participated in the production of improved seed varieties and agricultural inputs.
He said the association would ensure the training of farmers, provision of good seeds and agricultural inputs.
President Atta Mills, who is on a three-day working visit to the Upper East Region to become familiar with development projects, said the National Democratic Congress (NDC) not to renege on its promise to make life more comfortable for Ghanaians.
He appealed the people to support the Government to develop the country, with emphasis on massive development programs in the country was enjoying within two years of his reign.
Mills President expressed the hope that Ghanaians will not relent in giving the party another term of four years.
Earlier, the president of the CUT grass to work on the iceberg-Yabrogo-Woriyanga 10 km of road to start.

(Source: http://www.ghananewsagency.org/s_economics/r_27081/economics/ghana-loses-625-million-dollars-due-to-poor-cotton-production)