Ghana needs 10 billion cedis to transform agric industry- Chamber of Agribusiness

The Chamber of Agribusiness Ghana has indicated that the country’s agricultural industry needs about 10 billion cedis to curtail some of the limitations that hinder the growth of the sector.

The Chamber explains that although the country has in place feasible policies, there is the need for industry players to adopt new strategies and technology to maximize the investment being made by both private and public investors.

The Chief Executive Officer of the Chamber of Agribusiness, Anthony Morrison made these comments at a business networking forum organized by the Ghana Israel Business Chamber in Accra.

“In general, we at the chamber of agribusiness estimate that Ghana’s agricultural and agribusiness sector require 10 billion direct investment and mopping funds from both public and private sector for the next ten years for us to mitigate some of the challenges we have in the industry,” he said.

“Let me say that we have a lot of regulation regimes solidly in place. Ghana is one of the countries where we do not lack policies; however, there is still the need to adopt some new technologies and skills in the sector,” he added.