Minority Leader Alexander Afenyo-Markin has raised concerns about inadequate investment in Ghana’s agriculture sector.
He warned that current government policies prioritising gold reserves over farming could undermine long-term food security.
Speaking during discussions with the World Bank, Afenyo-Markin acknowledged that although agriculture features prominently in policy discussions, this has not translated into sufficient financial support for farmers.
He highlighted the challenges faced by maize and rice farmers, who continue to grapple with low produce prices, even as increased imports make foreign goods more competitive on the local market.
He criticised the government’s reliance on gold reserves to stabilise the cedi, cautioning that the approach is unsustainable if domestic farmers are not adequately supported.
“We look at the 2025 budget and the 2026 budget, we like the ambition of the agriculture minister, but far less is being invested in agriculture. It appears government is heavily focused on this gold board initiative, using gold reserves to stabilise our currency.
“The bubble cannot be sustained if our farmers do not get the proper price for their produce,” he said.
His remarks come amid renewed scrutiny of Ghana’s economic strategy, highlighting the need for a more balanced approach that prioritises both financial stability and sustained investment in agriculture.
