The Chamber of Agribusiness has appealed to the government to increase the budgetary allocation to agriculture to at least 10% of the country’s Gross Domestic Product (GDP).
The government allocated some GH¢1.54 billion to the agriculture sector in the 2025 Budget. This represented about 0.115% of the projected GDP for 2025.
Sharing his expectation ahead of the 2026 Budget, the Chief Executive of the Chamber, Anthony Morrison, said, some significant investment will be needed in improving the weak infrastructure system within the agriculture value chain, which hinders growth and competitiveness, both locally and internationally.
“I think that fundamentally, we need to increase the current 3% threshold of GDP to agric, to at least 10%.” He said.
“With regards to the budget, I think more emphasis needs to be placed on addressing the weak infrastructure system that we have in the country. There must be an intensification of mechanisation and deliberate policies to attract the youth into key areas of production,” Mr. Morrison told JoyBusiness, emphasising the need for targeted investments to address structural bottlenecks.
He further highlighted the importance of making Ghana’s agricultural exports globally competitive.
“We also need to look at global competitiveness how we are developing global trade. Agri-trade intelligence on our cocoa, palm, and cashew needs to be researched. We need to know which countries are competing with us and how.”
Mr. Morrison also reiterated the need for more investment in critical areas such as irrigation, logistics, and agri-technology.
The Chamber insists that increasing agricultural allocation to at least 10% of GDP will align with the Maputo Declaration, which Ghana is a signatory to, and will help unlock the sector’s potential as a driver of economic transformation and job creation