Audio By Carbonatix
Ghana stands to be a net exporter of Palm Oil in the coming years if a significant amount of investment is made into the ever-growing agro-economy.
The information available to Round Table on Sustainable Palm Oil RSPO – a not for profit organization aimed at uniting palm oil key stakeholders - shows that even though Ghana has enough oil palm plantation, the country still spends millions of dollars importing palm oil products.
In Africa, it is estimated that smallholder production accounts for an average of approximately 70 per cent of palm oil output and in Ghana alone, there are over 20,000 independent smallholders supplying mills.
Speaking to JoyBusiness at the Oil Palm Conference, Proforest Africa Director Abraham Baffoe stated that now is the time for the government to tap into the economic potential of the oil palm industry.
“Ghana has the potential of being a leading net exporter of oil palm products. It is estimated that smallholder production accounts for an average of approximately 70 per cent of palm oil output and in Ghana alone, there are over 20,000 independent smallholders supplying mills,” he said.
Deputy Minister of Agric for Liberia, Robert Fagans detailed progress being made in Liberia to engage other African economies in expanding the value chain of oil palm production.
According to him, “intense political will is needed to prioritize and expand the oil palm economy. This remains one of the leading drivers of economic strength in Liberia that can be replicated across board”.
West Africa is both the origin and a new frontier for oil palm production. It produces approximately 6 per cent of global palm oil.
Currently, Africa is a net consumer and importer of palm oil but it is projected to become a net exporter soon. Meanwhile, export markets such as Europe have set ambitions to move towards 100 per cent Certified Sustainable Palm Oil (CSPO).
The Roundtable on Sustainable Palm Oil (RSPO) is a not-for-profit, international membership organization that aims to unite palm oil’s key stakeholders and create a sense of shared responsibility among growers, manufacturers, refiners, retailers, investors and NGOs as well as governments and consumers to transform markets to make sustainable palm oil the norm.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Eswatini delegation visits Ghana’s Office of Special Prosecutor to study anti-corruption framework
10 minutes -
Todays Front pages: Wednesday, March 11, 2026
27 minutes -
AU appoints Akufo-Addo to lead Election Observation Mission to Congo
34 minutes -
Agenda 111 contractors who failed to deliver work will face prosecution – Ofosu Kwakye
52 minutes -
CDABI flags compliance concerns as blockchain.com launches in Ghana
2 hours -
Fruit juice and more could be next under Ghana’s transit crackdown – FABAG
2 hours -
Absa Bank Ghana provides specialised asset financing to support largest indigenous mining contractor
3 hours -
Gold edges higher as inflation jitters ease; key US data in focus
3 hours -
Katy Perry loses trademark case against Australian designer Katie Perry
3 hours -
Bridgerton star on dealing with One Piece casting backlash
3 hours -
Woman charged with attempted murder after shooting at Rihanna’s home
3 hours -
Ho Nurses Training College mounts pressure on UHAS to release its facilities
4 hours -
140 suspects, 27 dockets – Kwakye Ofosu says ORAL is already delivering results
4 hours -
Cabinet approves special tribunals to tackle corruption and illicit wealth cases
4 hours -
Ghana Immigration Service rescues 73 from abuse in an anti-fraud operation
5 hours
