Cost of electricity major challenge of processors – Soya beans farmers

The Ghana Soya Bean Farmers and Aggregators Association has disclosed that, the actual threat for local processors is the high cost of electricity.

Director of Administration of the Association, Abdul Hakeem Issah told Citi News in an interview in Accra on Wednesday that “some of the processing companies, they tell us in private that their major problem is the cost of electricity not the cost of soya bean because soya beans is an international commodity, and it increases based on the increases by of other variables.”

“They extract oil from the commodity and they export it

And those of them who sell it in Ghana, they sell with the international price

Meanwhile, the Ghana Soya Bean Farmers and Aggregators Association has called on the government to address the challenges of the first phase of the Planting for Food and Jobs (PFJ) initiative to ensure the success of the new phase.