FAGE president calls for targeted policy to support export, agribusiness

Davis Korboe is the President of the Federation of Associations of Ghanaian Exporters (FAGE). He has called for a strong policy framework to support Ghana’s export sector. This includes the agribusiness industry.

Korboe warned that without this framework, exporters will struggle. Economic pressures are ongoing and affecting their operations.

During a panel discussion on TV3’s Business Focus, he spoke on May 12, 2025. He emphasized the need for a “special purpose vehicle” to help exporters. This is especially important for those in the agribusiness value chain.

He noted that financial institutions like EXIM Bank and GIRSAL are not enough. Current support systems fail to absorb economic shocks faced by exporters.

“Our exporters are crying,” he said. He urged banks to take action and create a special vehicle for exports and agribusiness.

Korboe also discussed challenges with the Ghanaian cedi's performance against foreign currencies. He cautioned against rushing to manage its value.

“There’s too much stress on the cedi,” he stated. This situation negatively impacts exports. Depreciation should be allowed but not done suddenly.

His comments come before the Ghana Horticulture Expo 2025. This major agribusiness event is set for June 11–13 at the Accra International Conference Center.

The expo theme is “Innovate, Transform, Sustain: Driving Growth in Ghana’s Horticultural Sector.” It aims to showcase horticulture's potential for economic growth and investment attraction.

Korboe highlighted that the Ghana Export Promotion Authority supports horticultural actors well. They help access regional and global markets through international trade exhibitions.

GEPA partnered with FAGE last year for the Maidem Horti Expo. Recognizing horticulture's potential, they are collaborating again for this second edition.

The event will gather producers, exporters, investors, researchers, and policymakers. They will explore strategies for innovation, sustainability, and market access in horticulture.

Key issues include climate resilience and regional trade integration. The expo will also focus on inclusive participation among youth and women-led agribusinesses.

Ghana’s horticultural sector features high-value crops like mangoes and pineapples. Stakeholders believe stronger policies and financial backing are essential for sustaining growth and expanding market reach.