Fertiliser

07 Jun

US$1.3bn Fertiliser Complex To Be Operational In 3yrs

wontumionlineBusinessFertiliser

Government has joined forces with OCP Group, a Moroccan company, to complete the front-end engineering design (FEED) for a US$1.3billion fertiliser complex at Takoradi, in a bid to diversify the economy and reduce reliance on oil and gas resources. The project, expected to be operational within the next three years, aims to leverage Ghana’s natural gas reserves and boost the agricultural sector while reducing input costs for farmers. Dr. Mohammed Amin Adam, Minister of State at the Ministry of Finance (MoF), made the announcement during the launch of the 2020 GHEITI Reports for the mining and oil/gas sectors. He said…

19 Jan

Prices Of Agric Products To Fall By 5% In 2023 – World Bank

wontumionlineBusinessagriculture products, Fertiliser, prices, World Bank Food Security Update

Prices of agricultural products are forecast to decline by 5% in 2023, reflecting better prospects for global production alongside lower input costs, particularly for fertilizers. According to the World Bank Food Security Update, despite these projections, prices are expected to remain above pre-pandemic levels. In addition, the report highlights the possibility that fertiliser prices will continue to rise in response to higher natural gas prices caused by the closure of several European fertiliser manufacturers. In emerging markets and developing economies, the report said food insecurity remains a serious concern, driven by trade restrictions, weather-related events, and conflict, including the Russian…