What's Happening?
Juliana Asante-Dartey, Deputy CEO of Agri-Impact Limited, has emphasized the need for bold and decisive actions to transform Ghana's agribusiness sector. Speaking at the Regional Agribusiness Dialogue in Sunyani, she highlighted the untapped potential
of Ghana's agricultural resources and called for coordinated efforts among government, private sector, and development stakeholders. The dialogue is part of a nationwide consultative process aimed at developing a National Agribusiness Policy. Asante-Dartey pointed out the challenges of poor infrastructure, high post-harvest losses, and the need for value addition in the sector. She advocated for the establishment of a dedicated Agribusiness Fund to drive investment in infrastructure and innovation.
Why It's Important?
The transformation of Ghana's agribusiness sector is crucial for economic growth and job creation. By addressing infrastructure bottlenecks and promoting value addition, Ghana can reduce post-harvest losses and increase productivity. The establishment of an Agribusiness Fund could provide the necessary financial support for sustainable agricultural development. This initiative could also enhance the competitiveness of Ghana's agribusiness on a global scale, potentially increasing the country's share in the projected $5.8 trillion global agribusiness market by 2033. The focus on inclusivity and innovation could also empower youth, women, and persons with disabilities, contributing to broader social and economic development.
What's Next?
The government, in collaboration with private sector stakeholders, is expected to continue consultations to finalize the National Agribusiness Policy. The proposed Agribusiness Fund and tax incentives for agro-processing machinery are likely to be key components of this policy. Stakeholders will need to work together to implement strategies that promote agro-industrialization and value-added processing. The success of these initiatives will depend on the ability to foster strategic partnerships and align policies with the realities of the agribusiness sector across different regions of Ghana.
Beyond the Headlines
The call for a transformation in Ghana's agribusiness sector highlights the broader need for sustainable development practices. By focusing on value addition and reducing import dependency, Ghana can enhance its economic resilience and reduce vulnerability to global market fluctuations. The emphasis on inclusivity and innovation also reflects a shift towards more equitable and sustainable economic models. This transformation could serve as a model for other countries in the region facing similar challenges in their agricultural sectors.
