Modernization of the Ghana Farming System

1. "WHAT ABOUT THE 80%?
MODERNIZATION OF OTHER
IMPORTANT SECTORS OF THE
GHANAIAN ECONOMY."
THE FARMING SECTOR

2. ABSTRACT
Farmers make up of 80% of the production sector of the economy in Africa, especially,
Ghana. But their meager income and poor economic conditions impede their efforts to
increase their production capacity to an appreciable extent. It is therefore imperative
that some measures be taken in order to augment them raise their income, which will in
turn boost their economic situation and, consequently, leads to higher productivity. This
is the background in which this study is conducted to encourage and advise African
governments to aid boost production in the agricultural sector of their economy. The
aim of this study is to discover appropriate manners whereby farmers in the low and
middle income countries could be major players in the economic activities in the
country. It purports to state that, given appropriate measures, a greater proportion of
farmers in the Third World Countries, could be moved from the lower class level to
middle class level. The latter, which is the ideal indicator of political and economic
success, leads to stability in the economic domain

3. Productive Sectors
Farming sector Other Sectors

4. TWO IMPORTANT DEVELOPMENTS
• 1.Modernization of the Farming Sector in Ghana
• 2. Introduction of Income Insurance for Ghanaian workers
between Ages 18- 59 years Old.

5. MODERNIZATION OF THE FARMING SECTOR IN
GHANA
• Purpose: TO BRING THE GHANAIAN FARMERS TO THE CENTRAL
ROLE AS PLAYERS IN THE MODERNIZED GHANAIAN ECONOMY.

6. FARMERS
RESPONSIBILITIES
• 1. Register your farms as companies,
e.g.,
• (Rev Asante Antwi Farms, or Opanyin
Kwaku Boateng and Sons Farms
2. Give Address and direction of these
farms in your Region
3.Telephone number/numbers of the
farm owner
4. Date of Birth of this owner and
ethnicity. If many, date of births.
5. How many acres of farms do you have?
In the same area or different locations?
Provide.
BASIC RESPONSIBILITY

7. STATISTICS OF
PRODUCE
• A. How many tons/pounds of Cocoa
sold each year, 2017, 2018, 2020,
2021 and so forth? Every 3 months,
6 months, 9 months, or 12 months.
This should be updated every time
one makes sales so that comparison
can be made.
• B. How much was the total sales
during this period of sales? Sales
before expenses?
Year by Year

8. INCOME STATEMENT GENERATION

9. INCOME OF
FARMERS
• A. How much was the income after
expenses are deducted?
• B. How much was the real income
before tax?
• C. How much was income after tax
has been deducted
• Income of the farmer every 3
months, 6 months or a year are
generated regularly in the computer
system.
COMPUTER SYSTEM: An income
statement is a
financial statement that reports a
company's financial performance
over a specific accounting period.
Financial performance is assessed by
giving a summary of how the
business incurs its revenues and
expenses through both operating
and non-operating activities.

10. SECOND
RESPONSIBILITY OF
THE FARMERS
•
• Report these to the Regional Ministry of Agriculture
(Here there is an Expert there, preferably an MBA
graduate to help put these information on the
computer system in order to generate National Data
for Ghanaian Farmers).
• Personal Reporting must be done regularly if you
have no educated son or relative who could send
this through the email or any credible
communication means. [False data or information
generated can lead to prosecution. Article so and so
in Ghana’s constitution or Ghana Laws on Cocoa
Industries] (National Data Centre to be ready by
August 2015 - Government of Ghana, News)
National Data for Ghanaian
Farmers

11. COCOA BUYING AGENCIES (DATA)
Apart from this data reported to the Regional
Ministry, Cocoa buying companies should have
their own credible data information of any
cocoa farmer with his registered names and
companies also registered in their system. [This
will help cross checking by Banks and Insurance
Companies. Ghana Cocoa Farm Laws Article so
and so]

12. GOVERNMENT OF GHANA (RESPONSIBILITY)
Government through Parliament shall pass a law to state that
farmers hence forth could use these information to apply for
loans, pay their income insurance premium, insure their
properties and etc. These information shall be made visible and
accessible in the country, so that for instance, President Akuffo-
Addo could sit in his office at Flagstaff House in order to assess,
for example, Rev Asante-Antwi Farms and obtain every
information about him, his activities, and his farm produce
regularly just as every bank in the country could do prior to
granting loans to a modern farmer/worker in Modern Ghana.

13. Parliament House

14. MODERN GHANAIAN FARMERS
Later, there can be a campaign to encourage (and incorporate)
all graduates who want to enter into the farming business for
them to have a guarantee income so far as one follows the
example above. With the introduction of INCOME INSURANCE,
then, every farmer could become a bread winner with regular
income to support his family, if, based on his annual yield he
could pay his insurance premium regularly monthly, quarterly,
six months or yearly.

15. MODERN FARMER/WORKER IN MODERN GHANA.
Farming job would then become a white collar job through which an income will be
accepted as valid to apply for personal loans and plan for one’s own future and enjoy
leisure.

16. ECONOMIC CONDITIONS/LOANS
• 1. Private Cars (but not commercial vehicles)
2. Building house| Estate ownership
3. Make extension in the farming industries or selling cocoa produce
• 4. Purchase farming equipment
5. Educate a university Graduate
6. Travel expenses for vacations

17. RESULTS OF EXPERIMENT
• a) Farmers with low income could enjoy leisure
b) Life security and well-being of farmers
c) Players in the economic activities in the country
• d) Facilitate efficient money circulation
e) Bring prospective farmers to the middle class level
• f) Boost the farming industries image
g) Bring Third World farmers to the center of modern economic history
• h) Distribute wealth to the level of equilibrium
i) Boost mental health of farmers in the low and middle income countries.

18. RECAPITULATION
• Manufacturing sector will grow
• Broaden the tax base of the economy
• Growth of urban communities/check migration to congested
regional capital cities.
• Good ground/prerequisite for Industrialization
• Introduce income insurance for Ghanaians between 18 years to
59 years.