The National Food Security Processing and Marketing Corporation (better known as GGC) and Agib Bank have been collaborating to address the credit buying of groundnuts which had plagued the trade season under the first republic and the previous government under the second republic.
It was assumed that before announcing the price of groundnuts, proper data of crop yield would have been prepared and the amount of money required to purchase the whole crop would have been mobilised.
Foroyaa did report periodic shortage of monies at the seccos. Once reports on the shortage of money reached the authorities measures were taken with the aim to provide a remedy. The secco managers were asked to stop buying until their monies were paid. Reports however, from URR have it that sufficient money is still not available to pay for what was already taken as credit. Money is also still not flowing to purchase nuts from farmers.
GGC should therefore convene a stakeholders meeting to assess and report on what is doable and not doable. Clarity could lead to better understanding.
