Business News of Thursday, 4 June 2020Source: www.ghanaweb.comCoronavirus: 80% of agribusiness firms in Ghana impacted by the pandemic – ReportFile photoThe Chamber of Agribusiness Ghana (CAG) has said the operations of over 80 percent agribusiness firms in the country have been negatively impacted due to the novel coronavirus pandemic, according to its latest Agribusiness Sector Survey Report 2020. Additionally, the survey noted disruptions in normal business operations had also increased their monthly business expenditure of agribusiness firms. “One of the major challenges in the agriculture sector included rampant land litigation issues which threaten the investments of businessmen and eventually, lead them to abandon the land, resulting in huge losses,” the report noted. The report further revealed, small-scale agribusiness firms were the hardest hit with a revenue shortfall of about 77.4 percent. He added that the agriculture sector is one that can still thrive in this period of the coronavirus pandemic considering food production and availability are basic necessities of life.

Source: GhanaWeb June 04, 2020 12:45 UTC