What's Happening?
The Chamber of Agribusiness has called on the government to significantly increase the budget allocation for the agriculture sector to at least 10% of the country's Gross Domestic Product (GDP). Currently, the government has allocated GH₵1.54 billion
to agriculture in the 2025 Budget, which represents approximately 0.115% of the projected GDP for the year. Anthony Morrison, Chief Executive of the Chamber, emphasized the need for substantial investment in infrastructure to enhance the agriculture value chain's growth and competitiveness. He advocates for increased mechanization and policies to attract youth into agriculture, aiming to address structural bottlenecks and improve global competitiveness in agricultural exports.
Why It's Important?
Increasing the budget allocation for agriculture is crucial for Ghana's economic transformation and job creation. The Chamber of Agribusiness believes that aligning the budget with the Maputo Declaration, which Ghana is a signatory to, will unlock the sector's potential. Enhanced investment in areas such as irrigation, logistics, and agri-technology is expected to boost productivity and competitiveness in global markets. This move could lead to increased agricultural exports, contributing to economic growth and providing more employment opportunities, particularly for the youth.
What's Next?
The Chamber of Agribusiness is likely to continue advocating for increased budgetary support and targeted investments in agriculture. The government may consider these recommendations in the upcoming 2026 Budget discussions. Stakeholders in the agriculture sector, including policymakers and industry leaders, are expected to engage in dialogue to address infrastructure challenges and explore strategies for enhancing global trade competitiveness.
Beyond the Headlines
The push for increased agricultural funding highlights broader issues such as the need for sustainable development and food security. By investing in agriculture, Ghana can improve its resilience against global economic fluctuations and environmental challenges. This initiative also underscores the importance of integrating technology and innovation in agriculture to meet future demands and ensure long-term sustainability.
