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The Minister for Finance, Cassiel Ato Forson has revealed that government is in the final stages of drafting a comprehensive Oil Palm Plantation policy.
He disclosed this at a meeting with the Regional Vice President for Africa at the International Finance Corporation (IFC), Ethiopis Tafara, where they discussed opportunities to deepen trade partnerships in support of Ghana’s agricultural development.
According to the Finance Minister, the Oil Palm Plantation policy will be included in the 2026 Budget, with the initiative expected to generate over 500,000 jobs across the value chain, from manufacturing to export.
“This forms part of a broader national strategy to develop economic crops and to transform agriculture into a powerful driver of jobs, growth, and industrialisation.
“The potential is enormous. With the right investment and partnerships, we believe Ghana can create over 500,000 jobs across the value chain — from cultivation and processing to manufacturing and exports — through the development of these strategic crops,” he said.
He added that achieving agricultural transformation on such a large scale demands patient capital, adding that the government is collaborating with the World Bank, IFC, and other development partners to secure funding and stimulate private sector involvement.
“Ghana is ready to move. Together with our partners, we will harness the power of agriculture to deliver inclusive growth, create jobs, and place economic crops at the heart of our nation’s transformation agenda,” he added.
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