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
-
EU-accredited university unveils $5,000 Charles Agyinasare Scholarship for Ghanaians
6 minutes -
Commitment is built into men, but it remains a choice – Film Director
8 minutes -
President Mahama, Krobos commend Terlabi for facilitating upgrade of Odumase Krobo Police Command
11 minutes -
A coastal fishmonger’s honest view on climate change and the search for sustainable alternatives
22 minutes -
Accommodation constraints threaten audit independence despite new Kumasi office complex
32 minutes -
“Stomach journalism” threatens media integrity – Prof Karikari
33 minutes -
National Signals Bureau trial: Court told Adu-Boahene, wife signed cheques long before withdrawals
39 minutes -
I am proud to serve under a President who demands accountability — Julius Debrah
45 minutes -
Everton fan arrested after alleged racist abuse directed at Man City’s Antoine Semenyo
46 minutes -
Bond market: Turnover rebounds strongly rising by 319% to GH¢2.34bn
51 minutes -
President Mahama, Health Minister must ensure opening of completed specialised children’s hospital – Weija-Gbawe MP
55 minutes -
Catholic Bishops commend Ntim Fordjour over Accra carnival concerns
57 minutes -
Students at JAPASS learn to speak up on breast cancer
1 hour -
Manuel Life Foundation distributes over 1,500 exam materials to BECE candidates in Nkoranza South
1 hour -
Dorcas Afo-Toffey marks birthday by paying delivery bills at Half Assini Hospital
1 hour