The role of agriculture in Ghana’s economy cannot be understated. From food items for our consumption and export, jobs and employment and many others.
History of Ghana tells us the significant role it has played from colonial times right down to independence.
Despite its many benefits as it is often characterized as the mainstay or backbone, it seems we have been comfortable with this and we as a people have not paid significant attention to the other sectors of the economy, particularly industry.
On PM EXPRESS BUSINESS EDITION, Philip Nanfuri explores a critical component of agriculture - financing.
Are financial lenders shying away? If that's the case then why? What can be done about it?
The government in the 2019 budget says it is going to operationalize a system for agricultural lending, GIRSAL. Will it work and what exactly is it?
Click on the video below to follow the discussion:
How much do banks lend to the agricultural sector? A whopping 3.9% of all loans given by banks go to the agricultural sector. Sectors such as Commerce and Finance are pulling much more credit. Why is this so?
Growth rates in the sector were abysmal but have picked up? Can we sustain it?
Agriculture's share of GDP has declined over the course of time with services overtaking it, is this a cause for concern?
The agricultural sector's share of GDP in some developed countries is low but there's enough to feed its nation and export.
Have your say
More Business Headlines
- StanChart seeks cheap African digital growth with Drogba's help
- Vivo Energy sponsors 2 retailers, spouses to Australia
- Startups show promise in Kumasi under GODEP
- 'Sakawa' boys hack banks, telcos
- Paul Kagame to speak at 5th African Entrepreneurship Forum
- COCOBOD opens light crop season June 21; price unchanged at GH¢7,600 per tonne
- Ghana leads SWIFT financial messaging transactions in West Africa
- Vodafone shows new level with “Bossu”
- NPA directs OMC’s to re-introduce Stabilization and Recovery Levy
- MTN staff organises skills training for 1000 youth across Ghana
- Receiver for Unibank files application to halt arbitration hearing
- Ghana launches Chamber of Independent Power Producers
- 3rd China Trade Week opens in Accra
- Ecobank named ‘Best Retail Bank in Africa’
- HK billionaire to pay $14m in tuition fees for Chinese students