Government releases ¢260 million for payment of fertilizer companies

West African Fertilizer Professionals are united and commited!

Government releases ¢260 million for payment of fertilizer companies

Government through the Ministry of Finance, has announced a release of over GH¢260 million for the payment of arrears owed the fertilizer companies from May to July 2021.

Dr. Owusu Afriyie Akoto, Minister for Food and Agriculture, made the announcement in Accra in a response to an urgent question by Mr Rockson-Nelson Etse Dafeamekpor, Member of Parliament (MP) for South Dayi.

Mr Dafeamekpor wanted to know what steps the Ministry was taking to pay arrears owed fertilizer suppliers to avert the acute shortage presently facing farmers in the country.

Dr Afriyie-Akoto explained that the funds released comprised an amount of GH¢176,631,445 but the actual payment made to the companies this far was GH¢73.8 million, which he said was being processed by the Ministry of Food and Agriculture through the GIFMIS system.

He said the payment represented 44 percent of the total debt of GH¢587,876,784 owed all the fertilizer companies that supplied fertilizers to all the farmers under the Planting for Food and Jobs campaign.

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