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Madam Justina Owusu-Banahene, the Bono Regional Minister, has said that about 70 per cent of poultry farms in the Dormaa Municipality have collapsed due to a lack of soya beans and wheat brans to feed the birds.
Speaking at the 2023 Annual Conference and Exhibition of the Insurance Brokers Association of Ghana (IBAG) in Sunyani, the regional minister described the situation as worrying, saying that it had contributed to an increase in theft and illegal mining activities in the area.
Madam Owusu-Banahene noted that the poultry industry was a large producer of eggs and poultry products in the region and that most of the young people engaged in the industry had been rendered jobless due to the collapse of the farms.
The minister attributed the shortage of poultry feeds to the Russian-Ukraine war and the COVID-19 pandemic, saying that the nation could no longer import soya beans and wheat from Ukraine because of the war.
She appealed to insurance companies to offer assistance to the affected farmers, saying that the industry in the Dormaa Municipality and the region by extension was suffering seriously from the devastating effect of the Russian-Ukraine war and COVID-19.
In his remarks at the conference, Professor Justice Ofori, the Commissioner of Insurance, National Insurance Commission (NIC), implored the Association to work hard and contribute to the nation’s post-COVID-19 economic recovery process.
He acknowledged that the country had not been spared from the global economic shocks and entreated the insurance companies to also endeavour to protect the interest of policyholders.
source:GNA