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Ghana bans export of 2 commodities over food security. But is that enough?

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In the wake of growing concern about food security globally, Ghana’s Food and Agriculture Ministry has placed a ban on the exportation of soya bean, and maize from the country.

The Ministry said the restrictions are part of measures to ensure food security and increase local poultry and livestock production and revealed that the Plant Protection and Regulatory Services Directorate (PPRSD), has stopped issuing phytosanitary certificates for the export of both commodities.

The Ministry’s Press Secretary, Issah Alhassan explained that the West African country has had challenges meeting its food needs since the outbreak of the global pandemic, Colin-19 in 2020.

“Over the past two years, since the advent of Covid-19, we had to endure a lot of challenges so, in order to ensure that the local demand is met, there was the need to promulgate a law to ensure that any individual that wants to export soybeans from this country has to come for a permit.”

Some countries have been forced to make food policies since the beginning of the ongoing Ukraine/Russia war in February largely because the two countries are major exporters of food, particularly wheat. Recall that slamreportafrica.com reported last month that Egypt’s Prime Minister, Mostafa Madbouly, has announced that the country will diversify its sources of wheat to avoid relying on what he described as “specific sources” for this product.

In Nigeria, Ghana’s West African neighbour, the richest man in Africa and chairman of the Dangote Group, Aliko Dangote of Nigeria, also warned Nigerians to be prepared for an impending food crisis within the next two to three months.

Mr. Dangote, then advised the government to immediately stop the ongoing export of maize abroad by some Nigerians, blaming the development on the ongoing conflict between Russia and Ukraine.

Apart from recent data from the Ghana Statistical Service (GSS) indicating the increasing cost of foodstuff, there have been concerns over a possible food shortage in Ghana.

But how effective can a ban on exportation be in the push to achieve sufficiency in the world today?  What if other countries also shut down the exportation of other essential commodities? Who loses?

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Israel-based oil and gas firm, NewMed, signs exploration deal with Morocco’s energy ministry

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Israel-based oil and gas firm, NewMed has signed a deal with Morocco’s energy and mining ministry and Adarco Energy for offshore natural gas exploration and production in Morocco.

NewMed made the announcement on Tuesday adding that it will collaborate with Adarco, and each will have a 37.5% stake in the Boujdour Atlantique licence.

NewMed CEO Yossi Abu said, “for a long time now we have recognised a huge potential in Morocco for collaborations in both the natural gas and renewable energy sectors.”

According to the deal, the remainder of 25% is granted to Morocco’s National Office of Hydrocarbons and Mines, in accordance with the Hydrocarbon Law of Morocco.

NewMed is the main stakeholder in Israel’s huge Leviathan offshore gas field and is looking to merge with Capricorn Energy to create a gas producer focused on Israel and Egypt.

Statista reports that in 2020, approximately 23.3 billion Moroccan dirhams (MAD) of gas and fuel oils were imported into Morocco. This was equivalent to 2.6 billion U.S. dollars and represented a decrease from the previous year when roughly 38.8 billion MAD (4.3 billion U.S. dollars) of oils were imported into the country.

Overall, Spain was the main trade partner in Morocco in terms of gas and fuel oil imports.

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Nigeria’s oil company, NNPC, signs separate gas pipeline deals with Ghana, Guinea, others

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Nigeria’s oil company, the NNPC have signed separate deals with the national oil companies of Ghana, Gambia, Guinea, Guinea Bissau and Sierra Leone in furtherance of the planned Nigeria-Morocco Gas pipeline project.

The Group Chief Executive Officer of the NNPC, Mele Kyari; highlighted the roles played by the participating countries to make the planned commencement of the project to fruition.

“Today, we will be attaining another feat by signing five MoUs with the national oil companies and relevant entities from Gambia, Ghana, Guinea, Guinea Bissau and Sierra Leone.

“From inception of the project to this stage, concerted efforts have been made by the governments of Nigeria and the Kingdom of Morocco, which led to the very commendable achievements recorded thus far.

“As the strategic vision of our great leaders gains momentum, I would like to express our appreciation to His Royal Majesty, King Mohammed VI of Morocco and His Excellency, President Muhammadu Buhari of Nigeria for entrusting NNPC Limited with this strategic project,” he stated.

He added: “NNPC Limited will facilitate the continuous supply of gas and provide other enablers such as the required land for the first compressor station to be deployed in Nigeria, which is among the 13 stations earmarked along the pipeline route.”

The Nigeria-Morocco gas pipeline mega-project had been first discussed during the official visit of King Mohammed VI of Morocco in December 2016 to President Buhari in Abuja.

Nigeria and Morocco signed MoU for the gas pipeline in September which would link Nigeria to Morocco as well as supply West Africa and Europe.

The Nigeria-Morocco gas pipeline mega-project had been first discussed during the official visit of King Mohammed VI of Morocco in December 2016 to President Buhari in Abuja.

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