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Wed, Sep

MASSIVE GROWTH IN AGRICULTURE SOUND POLICIES YIELD 8.36% GROWTH

Business & Economy

Ghana recorded an impressive 8.36% growth in agriculture in 2017 as a result of the prudent policies put in place by the New Patriotic Party government.

Ghana recorded an impressive 8.36% growth in agriculture in 2017 as a result of the prudent policies put in place by the New Patriotic Party government.

 

This is seen in an increase in the production of maize, from 1.9 metric tons per hectare in 2016, to 3 metric tons per hectare in 2017; an increase in the production of rice, from 2.7 metric tons per hectare in 2016, to 4 metric tons per hectare in 2017; an increase in the production of soya, from 1.2 metric tons per hectare in 2016, to 2.5 metric tons per hectare in 2017; and an increase in the production of sorghum, from 0.8 metric tons per hectare in 2016 to 1.8 metric tons per hectare in 2017.

This was disclosed by President Nana Addo Dankwa Akufo-Addo at the 2018 Africa Green Revolution Forum, a platform for global and African leaders to develop actionable plans that will move African agriculture forward, on Saturday in Kigali, Rwanda.

The President noted that between 2014 and 2016, Ghanaian agriculture witnessed an average growth of 2.5%.

“When you look at where we were, and what has happened since, it is largely because the policy has been properly aligned, in my view,” he said.

President Akufo-Addo explained that this situation meant that Ghana’s population growth of 3% per annum was outstripping growth in agriculture, resulting, therefore, in deepening poverty and increased rural-urban migration, with its attendant social and economic pressures.

Again, with the value of food imports into Ghana increasing from $344 million in 2007 to GH¢2.2 billion in 2016, the President stated that “the same amount of money we earned from cocoa in 2016, i.e. GH¢2.2 billion, was being used to pay for food imports. When that happens, you know it is as a result of policy failure.”

He told the gathering: “What we decided to do to revive Ghanaian agriculture was to devise a programme, which we call Planting for Food and Jobs.”

The programme for Planting for Food and Jobs, he added, is anchored on five main pillars.

These are the provision of improved seeds, the supply of fertilizers, the provision of dedicated extension services, a marketing strategy and the use of e-Agriculture.

Additionally, financial instruments such as the Bank of Ghana’s “Ghana Incentive Based Risk Sharing Agricultural Lending scheme”, with a fund of some GH¢500 million is targeted at reducing risks of investments and promoting agriculture financing, according to the president.

The results of these polices, the President stressed, had been the dramatic impact on the food crop yields.

 “The end result has been a significant increase in agricultural output and productivity in 2017, our first year in office. 8.36% was our growth rate in agriculture. For me, the first and most obvious area of success has been policy making and implementation,” he added.

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