Ghana: Government introduces national oil palm policy to boost jobs, reduce imports

value chain – from cultivation and processing to manufacturing and exports. Finance minister Dr. Ato Forson announced the plan during a high-level meeting with Regional Vice President for Africa-International Finance Corporation (IFC) Ethiopis Tafara in Washington, D.C. The discussions focused on strengthening collaboration between Ghana and the IFC to attract new investments and support the country’s agricultural transformation agenda. The policy is expected to create over 500,000 jobs across the value chain, with Dr. Forson emphasising that agriculture will be placed at the heart of Ghana’s economic revival strategy. He noted that developing large-scale plantations requires patient capital and assured that government is working closely with the World Bank, IFC and other development partners to mobilise the necessary financing to support private sector participation. According to the IFC Vice President, the initiative aligns with the Corporation’s priorities, describing ...