![]() ![]() more than two-thirds representing 67.6% of agribusiness firms reported a decrease in average monthly sales by 48.8%.This translates into the laying off of an estimated 22,873 workers and a wage reduction for 63,167 workers. 44.7% of the total workforce in agribusiness in the industry sector were laid off by the firms as a result of the lockdown.During the post lockdown period, that figure rose to 267, 211 175, 255 Agribusiness workers had their wages reduced during the lockdown.about 30.7%, an equivalent of about 42,396 agribusiness firms, were closed during the lockdown.an estimated 16,091 representing 11.6% of agribusinesses closed due to the lockdown remain closed after the lifting of the lockdown measures (May 2020-Jan.2021).In June 2021, a survey was conducted by the Ghana Statistical Service, funded by the German Ministry for Economic Cooperation and Development (BMZ) and implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH in partnership with the United Nations Development Programme (UNDP). However, these benefits came under threat at the onset of the novel coronavirus. ![]() ![]() Agribusiness according to Investopedia, refers “to any business related to farming and farming-related commercial activities.” Thus, it “involves all the steps required to send an agricultural good to market, namely production, processing, and distribution.”Īgribusinesses play a vital role in ensuring food security and the overall growth and development of the nation. ![]()
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