{"id":200239,"date":"2016-03-20T10:23:21","date_gmt":"2016-03-20T10:23:21","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=200239"},"modified":"2016-03-20T10:23:21","modified_gmt":"2016-03-20T10:23:21","slug":"banning-cashew-exportation-poor-decision-casely-hayford","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/03\/banning-cashew-exportation-poor-decision-casely-hayford\/","title":{"rendered":"Banning cashew exportation was \u2018poor decision\u2019 \u2013 Casely Hayford"},"content":{"rendered":"<p style=\"text-align: justify;\">Financial analyst and social commentator, Sydney Casely Hayford, has rebuked the Minister of Trade and Industry, Dr. Ekow Spio-Garbrah for banning exportation of raw cashew nuts in the country.<\/p>\n<p style=\"text-align: justify;\">According to him, the directive was a \u201cpoor decision,\u201d which will not in any way inure to the benefit of the country.<\/p>\n<p style=\"text-align: justify;\">Dr. Spio-Garbrah days after issuing the directive banning exportation of cashew nuts <span style=\"color: #666699;\"><strong><a style=\"color: #666699;\" href=\"http:\/\/4cd.e16.myftpupload.com\/2016\/03\/19\/trade-ministry-withdraws-ban-cashew-exportation\/\" target=\"_blank\">suspended it<\/a><\/strong><\/span> last Friday.<\/p>\n<p style=\"text-align: justify;\">[contextly_sidebar id=&#8221;fLzylX5AplObPVGavi76vW1l92Pv4ur1&#8243;]He explained that the directive was in the best interest of the country and was geared towards empowering local processing companies as well as creating more jobs.<\/p>\n<p style=\"text-align: justify;\">However, Members of Parliament criticized him\u00a0for not holding wider consultations on the matter and ordered the Minister to withdraw it.<\/p>\n<p style=\"text-align: justify;\">Speaking on <strong>Citi FM<\/strong>\u2019s news analysis programme <strong>The Big Issue<\/strong> on Saturday, Casely Hayford argued that the Trade Minister did not understand the dynamics of the sector hence his\u00a0decision.<\/p>\n<p style=\"text-align: justify;\">\u201cIn doing what he did, as far as the decision to ban the exportation of cashew I think he got the business case completely upside down. I think the Minister of Trade and Industry completely did not understand the dynamics of the business. He is talking about lots of stakeholder meetings and discussions but he still didn\u2019t understand the dynamics of what he was dealing with. He made a poor decision, a bad judgment call,\u201d Mr. Hayford added.<\/p>\n<p style=\"text-align: justify;\">He also noted that the issue has to do mainly with supply of the product.<\/p>\n<p style=\"text-align: justify;\">\u201c&#8230;If he now takes the opportunity to sit down and reflect, he will appreciate that the problem that we need to solve is an increase in the supply of the cashew and not anything else,\u201d he added.<\/p>\n<p style=\"text-align: justify;\">&#8211;<\/p>\n<p style=\"text-align: justify;\">By: Godwin A. Allotey\/citifmonline.com\/Ghana<\/p>\n<p><a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/AlloteyGodwin\" data-show-count=\"false\">Follow @AlloteyGodwin<\/a><br \/>\n<script>\/\/ <![CDATA[\n!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=\/^http:\/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+':\/\/platform.twitter.com\/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');\n\/\/ ]]><\/script><\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>Financial analyst and social commentator, Sydney Casely Hayford, has rebuked the Minister of Trade and Industry, Dr. Ekow Spio-Garbrah for banning exportation of raw cashew nuts in the country. According to him, the directive was a \u201cpoor decision,\u201d which will not in any way inure to the benefit of the country. Dr. Spio-Garbrah days after [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":120580,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[10,11],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Banning cashew exportation was \u2018poor decision\u2019 \u2013 Casely Hayford - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2016\/03\/banning-cashew-exportation-poor-decision-casely-hayford\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banning cashew exportation was \u2018poor decision\u2019 \u2013 Casely Hayford - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"Financial analyst and social commentator, Sydney Casely Hayford, has rebuked the Minister of Trade and Industry, Dr. Ekow Spio-Garbrah for banning exportation of raw cashew nuts in the country. According to him, the directive was a \u201cpoor decision,\u201d which will not in any way inure to the benefit of the country. 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