Audio By Carbonatix
Joe Jackson, CEO of Dalex Finance, has proposed that the government consider abolishing direct agricultural subsidies and instead focus on supporting risk management for the sector.
Mr Jackson explained that the government should implement guarantee schemes to enable financial institutions to fund farmers more effectively.
He cited an example from his company, which provided loans to over 5,000 rice farmers in northern Ghana. Despite the support, many farmers suffered losses, highlighting the need for a more sustainable approach.
"In truth, we should stop subsidising agriculture and subsidise risk," he said. "Give a guarantee scheme so that we can afford to go and fund these farmers, give a guarantee scheme so that some boy can go and fund corn, fund cassava, fund millet and maize and all the things that we need to do for agric, then all of a sudden you will find the money flowing in," he added.
Latest Stories
-
Strike over high fuel prices paralyses transport in Kenya
5 minutes -
G7 finance ministers meet in Paris as Strait of Hormuz closure threatens global economy
8 minutes -
Ghana’s exit from IMF bailout programme shifts economic focus to long-term sovereign fiscal disciplineÂ
13 minutes -
Support fight against corruption—NCCE urges youth
17 minutes -
Ghana on track to exit Gavi Vaccine funding by 2030 — Mahama announces at World Health Assembly
28 minutes -
“There’s no immunity from crime” — Lom-Nuku Ahlijah clarifies limits of MP immunity in Ghana
30 minutes -
Women urged to take active role in political leadership
33 minutes -
Aid cuts could Push 5.7 million Africans into poverty by 2026 — Mahama warns at World Health Assembly
37 minutes -
PEPFAR suspension leaves 1.4m South Africans living with HIV uncertain about treatment — Mahama warns at WHA
40 minutes -
Data is the new gold — but most nations are still digging with shovels
50 minutes -
Tourism Minister pledges action on cultural infrastructure, pushes domestic tourism in Upper West
50 minutes -
“Measure success by the clinic, not the conference” — Mahama urges global health reform
58 minutes -
Charlotte Osei: Why sponsoring festivals like Oguaa Fetu Afahye is smart business
59 minutes -
“Let us not let reform be a ceiling” — Mahama calls for bold global health reforms
1 hour -
BECE examination malpractices: Is there an end in sight?
1 hour