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.
Latest Stories
-
2026 World Cup: Chief Imam urges national prayers for Black Stars ahead of Panama opener
11 seconds -
Ofori-Atta yet to be notified of any criminal charges in Ghana – Frank Davies
2 minutes -
Chief Imam calls for national prayers and support for Black Stars at the FIFA World Cup 2026
5 minutes -
Ashanti Regional Minister inspects flood hotspots at KNUST, vows crackdown on encroachment
6 minutes -
GPRTU eyes cashless transport system to curb armed robbery attacks on drivers
13 minutes -
Green Card decision does not invalidate charges against Ofori-Atta — OSP
22 minutes -
Minority blames NDC for delays in Afari Military Hospital project
27 minutes -
Gov’t processing UTAG book and research allowance payments, no strike expected – Haruna Iddrisu
30 minutes -
‘It’s up to Ghanaian authorities to explore options’ – Ofori-Atta’s lawyer says after US residency
31 minutes -
Banking sector strong but credit risks remain – BoG Governor warns
32 minutes -
BoG warns bank staff against collusion in collateral fraud
40 minutes -
Ghana National Research Fund must drive job creation and national solutions – Mahama
43 minutes -
Maverick Research appoints former NielsenIQ executive Justin Sargent as strategic advisor
45 minutes -
New Zoomlion MD pays courtesy call on Nungua Mantse, seeks his blessings as she assumes office
46 minutes -
Stonebwoy delivers spectacular performance as WatsUp On Campus makes a stop at UniMAC
47 minutes