Audio By Carbonatix
Minority Leader Alexander Afenyo-Markin has raised concerns about the insufficient investment in Ghana’s agriculture sector.
He cautioned that current government policies favouring gold for reserves over farming could threaten long-term food security.
Speaking during discussions with the World Bank, Afenyo-Markin acknowledged that while agriculture has received attention in policy discussions, this has not translated into adequate financial support for farmers.
He highlighted challenges faced by maize and rice farmers, who struggle with low prices despite increased imports making foreign produce cheaper.
He criticised the government’s heavy reliance on gold reserves to stabilise the cedi, warning that this approach is unsustainable if domestic farmers are not properly supported.
"We look at the 2025 budget and the 2026 budget, we like the ambition of the agriculture minister but so much less is being invested in agriculture and it appears government is so much into this goldboard thing, using gold for reserves to stabilise our currency and all.
"The bubble cannot be sustained if our farmers do not get the proper price for their produce,” he said.
The Minority Leader’s comments come amid renewed scrutiny of Ghana’s economic strategies, emphasising the need for balanced investment between financial instruments and the backbone of the economy—agriculture.
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