Ghana: Domestic palm oil consumption outstrips production

challenges, necessitating targetted interventions to boost output. GTCDP is expected to stimulate production by promoting better seedlings, expanding cultivation and creating stronger market linkages for producers. Annual production of the crop is estimated at 50,000 metric tonnes – contributing to the country’s huge food import bill currently in excess of over US$3billion. MoFA’s Medium-Term Expenditure Framework (MTEF) 2025-2028 outlines immediate plans to address challenges in the palm oil production value chain. Under the Framework, government will develop national palm oil industry policy to offer incentives for the growth of palm and developing the palm oil industry’s entire value chain. Government intends providing 1.5 million oil palm seedlings to farmers and encouraging them to actively participate in out-grower palm plantation schemes – dubbed the ‘Red Gold’ initiative. Early this year around July, the Tree Crops Development Authority introduced new regulations for palm ...