Business

AMG positions to expand operations, compete globally

Agricultural Manufacturing Group (AMG), the largest locally-owned manufacturer and distributor of fertilisers in the country, says it is positioning itself to expand its operations and compete globally by exporting more of its products.

The company established in 2012 and currently exporting between 45 and 50 percent of its products to neighbouring countries wants to increase its export supply to 70 per cent.

In line with this development, some top officials of Ecobank Ghana, led by the Managing Director, Mr Dan Sackey, have embarked on a tour to the ultra-modern factory of AMG at Kpone.

The Managing Director of AMG Fertilisers, Ernest Akwasi Appiah, said that the nation’s fertiliser usage was growing, stressing that,  “This is a sign that there is a good market for AMG  products locally while there is a great opportunity to export as well.”

“The consumption of fertiliser in Ghana for the farmers is over 1.3 million metric tons. It is going up every day; there is also a good export market and we do not add that to the local consumption figures. Each and every day my company finds satisfaction in also providing small-scale and large-scale farmers with a crop nutrition product that guarantees them high yields, through the adaptation of cheaper but very cost-effective crop nutrition combinations,” Mr  Appiah said.

He mentioned that some 15 to 16 million dollars of the company’s capital had been invested in building the factory and management of the company was working hard to secure more funds to expand it.

Mr Appiah said the company currently played a key role in the manufacturing and distribution of fertilisers for cocoa farmers across the country, adding the company’s flagship product, Cocoa Nti fertiliser, had become a household name in cocoa-growing communities.   

The Managing Director of Ecobank Ghana, in his remarks, said he was impressed with the company’s operations and encouraged it to expand its operations to more neighbouring countries.

He said the bank was ready to partner and support the company to expand to other markets in the West African sub-region, adding that, “We have to find ways to work together and see how you can get into that market on a more sustained basis.”

“I believe that the export market is huge and it is available for you to take advantage of. If you can find a local dealer in the neighbouring countries, we are good to go. There are farmers who are ready to buy fertilisers in the Francophone countries; the good thing is that because their soil is not as rich as ours, they are natural fertiliser users. They know without fertilisers, they find it difficult farming, so that market is big. If you have the capacity to go into the market, it would be a good business.”

BY TIMES REPORTER

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