HOW TO MAKE MONEY IN A RECESSION GROWING CASSAVA | GALAMSEY ECONOMY

Healthcare, food, consumer staples, and basic transportation are examples of relatively inelastic industries that can perform well in recessions.
The economy has suffered significantly since early 2022, plunging the country into a full-blown economic recession. Inflation rose from 13.9% in January to 37.2% in September, and some analysts believe the actual level is more than twice the official rate - possibly as high as 98%.
Cassava is a staple in Ghana and it’s easy to produce. The yield from an acre of cassava ranges 4-8 MT, which translates into 1.5-4 metric tons of dried cassava chips and 1.2 -2.5 metric tons of cassava flour.
Which translates to 4000kg of dried cassava chips. If the number 5 sack weighs 100kg, then an acre can give 40bags of 100kg.
To make Ghc1,000,000 , you got to cultivate about 50 acres of cassava 🤔. This will give you 40x50= 2,000 bags of chips. All things being equal, if you should sell at Ghc 500 per bag….. you will be cashing out 1million cedis if prices remain same. But you will agree with me nothing in Ghana stays same for long. Every day prices.
To make this plan solid, we got to create room for unforeseen circumstances. It’s better to add additional acres like 5. #galamsey #cassavaroots #agriculture #Farming
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#InnovativeFarming

[@samgotit1382]

Mike you are the G.O.A.T! Great video!

[@bernarddonkor4519]

👍🏻👍🏻

[@princekaponde577]

Great video. I will like to see a video on cassava farming specifically. Keep the work up 💪🏾

[@borkor22]

👍🏿👍🏿

[@ibrahimatiiga6142]

Well done bro
From your research where is the biggest kokonte market
Thanks

[@axelagba5393]

I love my local dialect, but please try to summarize it for your audience if you want it to be understood by all. Great information anyway

[@georgekwakye7936]

please the 4tons u used is for raw cassava or cassava chips konkonte, because u can only get 1 ton of konkonte from an acre

[@MinorityApproach]

That’s not true, one tricycle of raw cassava is a ton. One acre you can get more than 8 tricycles.

[@georgekwakye7936]

@@MinorityApproach ok good

[@samuelacquah4436]

I need a land to farm any help

[@MinorityApproach]

Within which areas