In anticipation of the 2024 mango season, Ghana has introduced a minimum purchase price of GHS 4 per kilogram starting May 1, 2024. This price adjustment is pegged to the US Dollar, reflecting international commodity market trends to help secure stable income for mango farmers and mitigate the impact of currency fluctuations.
The pricing strategy was developed through a collaboration between the Tree Crop Development Authority (TCDA), the Federation of the Association of Ghanaian Exporters (FAGE), and the Mango Association of Ghana. It aims to cover production costs, align with global mango prices, and promote fairness in farmer compensation, thereby ensuring transparency throughout the mango supply chain.
"This initiative is not just about setting prices; it's about supporting our farmers, ensuring they receive fair compensation for their hard work," stated Yaw Frimpong Addo, Deputy Minister of Food and Agriculture.
Ghana's mango sector, with an estimated 200,000 hectares under cultivation producing up to 400,000 tons annually, has a significant growth potential. The Tree Crop Development Authority, established under Act 1010 of 2021, is instrumental in regulating production and promoting sustainable practices across six major tree crops, including mangoes. The new pricing model is expected to enhance the stability, fairness, and global competitiveness of Ghana's mango industry.
[ 10 GHS = €0.61]
Source: newsghana.com.gh