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Business News of Wednesday, 19 March 2025

    

Source: www.ghanawebbers.com

2025 budget: GH¢1.5bn allocation to agric highly insufficient – Agri-Impact CEO

Daniel Fahene Acquaye, CEO of Agri-Impact Limited Daniel Fahene Acquaye, CEO of Agri-Impact Limited

Daniel Fahene Acquaye, CEO of Agri-Impact Limited, has criticized the 2025 national budget’s allocation to agriculture, calling it inadequate for economic transformation.

Speaking at PwC’s 2025 Budget Digest, he noted that only GH¢1.5 billion (0.54%) of the GH¢279 billion budget was allocated to agriculture, down from 2.2% in 2024.

He urged the government to prioritize large-scale agricultural infrastructure, such as irrigation and post-harvest systems, within its GH¢13.8 billion Big Push initiative.

Acquaye also highlighted the lack of a dedicated agricultural fund and the vulnerability of northern farmers to climate change. He called for stronger support to attract young people into agriculture, warning that without significant investment, Ghana’s economic transformation would be incomplete.