Government unveils plan to create 500,000 jobs through expansion of economic crops like oil palm

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The Government of Ghana is set to roll out a major agriculture-driven jobs initiative aimed at creating over 500,000 employment opportunities nationwide, as part of a broader strategy to transform the agricultural sector and promote inclusive economic growth.

Finance Minister Dr. Cassiel Ato Forson announced the plan during a high-level meeting with the International Finance Corporation’s (IFC) Regional Vice President for Africa, Ethiopis Tafara, in Washington DC.

The discussions centred on strengthening collaboration between Ghana and the IFC to unlock new investments and support for the country’s agricultural transformation agenda.

According to Dr. Forson, government is finalising a comprehensive Oil Palm Plantation Policy to be presented in the 2026 Budget. This policy forms part of a broader initiative to develop economic crops and maximise their potential for job creation.

“The opportunities in economic crops are immense. With the right investment and strategic partnerships, Ghana can create over 500,000 jobs across the value chain,” Dr. Forson stated, adding that agriculture will remain at the heart of Ghana’s economic transformation efforts.

He emphasised that developing large-scale plantations requires patient capital, noting that government is engaging the World Bank, IFC, and other development partners to mobilise the necessary financing to drive private sector-led growth in the sector.

Mr. Tafara, on his part, reaffirmed the IFC’s commitment to partnering with Ghana to achieve its development priorities, describing agriculture as a vital pathway to harnessing Africa’s demographic dividend and creating sustainable employment opportunities.

Source: Finance Ministry

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