Banana exporters in Ghana are lamenting the negative impact of the Russia-Ukraine war on their businesses. According to the exporters, the war has compelled banana suppliers from Latin America to dump their supply in traditional export areas in Western Europe where Ghanaian exporters control portions of the market.
Secretary of the Banana Exporters Association of Ghana, George Kporye, said the situation is causing fruit exporters from Ghana to run at a loss. He added that the excess supply of banana on the European market has halved the price of the fruit—causing financial loss to exporters.
“This is a major threat to the industry and for Africa. Before the war, Latin American countries exported between 1.8 to 2 million tonnes of Banana to Russia, Belarus and Ukraine. Now with this war, these volumes are being dumped in areas that buy bananas from Ghana,” he said.