GIPC Calls for Reforms in Agric Sector to Improve Investments

Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC) Yofi Grant is calling for reforms in the Agric sector to help improve investment in the sector.

He said, ‘‘we need to work harder at improving the value chain in agriculture. More scientific methods should be adopted to improve production processes and increase yields. There is a huge market out there for organic products we can take advantage of that top improve foreign exchange earnings.’’ 

He was speaking on the sidelines of the second quarter CEO breakfast meeting of the GIPC on the theme: ‘Innovative Financing for commercial Agriculture.’

Yofi Grant said, ‘‘the economy stands a chance of earning more from agriculture, but unfortunately, the sector is not so attractive because of the slow turn over, unlike other sectors. Agriculture is the kind of industry where you need a lot of patience. ‘‘

He added that even though the country has many opportunities in Agric, potential investors are faced with a number of challenges.

‘‘There are quite a number of investors coming into the country for investment opportunities. The biggest stumbling block, however, is land tenure, especially the availability of land and access to land for farming. The problem is not only for foreign investors but also for investors within the country,’’ He added.

He lauded the Ghana Commercial Agriculture Project (GCAP) as a platform that helps improve investments in the Agric sector.

The GCAP which was established in 2012 under the auspices of the Ministry of Food and Agriculture to improve agriculture productivity and production of both smallholder and nucleus farms through the provision of financial support.

The GCAP is currently partnering the GIPC to provide investment opportunities for research in climate for agriculture.



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