Ghana is rolling out fresh strategies to tackle long-standing funding gaps in agriculture with the inauguration of three Technical Committees tasked with designing financing frameworks for cocoa, oil palm, and other strategic crops.
The initiative, led by Finance Minister Dr. Cassiel Ato Forson, seeks to boost access to credit, enhance productivity, and ensure sustainability across the agricultural value chain.
The first body, the Technical Committee on Agriculture Financing, has been given three weeks to develop a comprehensive policy framework, drawing members from the Ministry of Finance, Bank of Ghana, EXIM Bank, GIRSAL, and the Development Bank of Ghana.
Two additional committees — one focused on cocoa and the other on oil palm — have also been inaugurated, with representation from the Ministry of Food and Agriculture, Ghana Cocoa Board, the Tree Crops Development Authority, Forestry Commission, Environmental Protection Authority, and the Ministry of Trade and Industry.
Dr. Forson emphasized that revitalizing financing for cash crops is central to Ghana’s broader economic transformation agenda.
